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About Hyosung
History
History
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2020 - Present
Our Commitment to Shapinga Sustainable Future
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2020 - Present
Commitment to a Sustainable Tomorrow2025
- Appointed Whang Yun-eun as CEO of Hyosung Corporation
- Established Hyosung Neochem as a subsidiary through Hyosung TNC
2024
- Received the CDP Carbon Management Sector Honors through Hyosung Chemical
- Received the CDP Special Award in Water Management through Hyosung Advanced Materials
- Listed as a Tier 1 global ESG supplier by BNEF through Hyosung Heavy Industries
- Pioneered the world’s first commercialization of a 100% Hydrogen Engine Generator through Hyosung Heavy Industries
- Developed Korea’s first 200MW voltage-type HVDC based on proprietary technology through Hyosung Heavy Industries
- Installed Korea’s largest-capacity ESS in Miryang, Gyeongnam through Hyosung Heavy Industries
- Obtained ISO 27001 information security certification through Hyosung TNS
- Surpassed KRW 1 Trillion in European power equipment orders this year through Hyosung Heavy Industries
- Received the Minister of Trade, Industry and Energy Commendation for contributions to the hydropower industry through Hyosung Heavy Industries
- Surpassed KRW 10 Trillion in cumulative circuit breaker production
- Completed the first liquefied hydrogen charging station in Gwangyang, Jeollanam-do through Hyosung Hydrogen
2023
- Received the “2023 Korea Management Award” by Chairman Cho Hyun-joon
- Launched sustainable black spandex product through Hyosung TNC
- Became the first to apply recycled fishing net fiber “regen Ocean Nylon” in outdoor apparel through Hyosung TNC
- Established a European R&D Center in Arnhem, the Netherlands through Hyosung Heavy Industries
- Received CDP Carbon Management Sector Honors through Hyosung Heavy Industries
- Was recognized as a company supporting the conservation of endangered species through Hyosung Chemical
- Opened the NFT portal service “NFTtown” through Hyosung TNS
2022
- Received the “King Sejong Award” at the Korea Patent Technology Awards through Hyosung Corporation
- Declared support for “TCFD” for the climate change response through Hyosung Corporation
- Received the “Korean Management Award” from the Korean Management Association by Chairman Cho Hyun-joon
- Pioneered the world’s first commercialization of bio-based spandex through Hyosung TNC
- Officially launched operation of “depolymerization” for sustainable nylon production through Hyosung TNC
2021
- Established the ESG Management Committee through Hyosung Corporation
- Absorbed and merged Hyosung Transworld through Hyosung Corporation
- Received CDP “Carbon Management Sector Honors” through Hyosung Corporation and Hyosung Advanced Materials
- Launched the first corporate venture capital (CVC) “Hyosung Ventures” through Hyosung Corporation
- Achieved a historic operating profit of KRW 1 Trillion through Hyosung TNC
- Attained “Gold Medal Grade” in the EcoVadis 2021 Sustainability Assessment through Hyosung Advanced Materials
- Declared the hydrogen business vision and held a groundbreaking ceremony for the liquid hydrogen plant through Hyosung Heavy Industries
- Entered a strategic partnership with STT GDC, a leading data center services provider, through Hyosung Heavy Industries
- Gained the first international recognition for domestic STATCOM through Hyosung Heavy Industries
- Established a joint venture with Linde for the liquid hydrogen business and commenced construction of the Ulsan liquid hydrogen plant through Hyosung Heavy Industries
2020
- Achieved A+ in ESG management performance evaluation by KCGS through Hyosung TNC, Hyosung Advanced Materials, and Hyosung Chemical
- Expanded the carbon fiber production line at the Jeonju plant through Hyosung Advanced Materials
- Joined the hydrogen energy network “HyNet” through Hyosung Heavy Industries
- Commenced production at the ultra-high-voltage transformer factory in Tennessee, USA through Hyosung Heavy Industries
- Developed gas barrier packaging film material in collaboration with KIST through Hyosung Chemical
- Established the Neochem PU Materials Research Institute through Hyosung Chemical
- Launched an AI chatbot customer service center through Hyosung ITX
- Opened a data center solution demonstration DX Center through Hyosung Information Systems
2010 - 2019
From Groundbreaking Firsts toGlobal Excellence
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2010 - 2019
From First Achievements to Global Excellence2019
- Established the Production Technology Center through Hyosung Corporation
- Unveiled “creora® regen,” the sustainable spandex, for the first time through Hyosung TNC
- Received the “Top Exporter of 500 Million Dollars” Award at the 56th Trade Day through Hyosung Advanced Materials
- Acquired MEPPI, a transformer factory in Tennessee, US, through Hyosung Heavy Industries
- Established Korea’s first liquefied hydrogen charging station in Samcheok, Gangwon Province through Hyosung Heavy Industries
- Successfully developed and demonstrated Korea’s first voltage-type HVDC through Hyosung Heavy Industries
2018
- Split Hyosung into Hyosung Corporation (holding company) and four other units: Hyosung TNC, Hyosung Advanced Materials, Hyosung Heavy Industries, and Hyosung Chemical
- Established a new tire cord production unit in Vietnam through Hyosung Advanced Materials
- Won the IR52 Jang Yeong-sil Award in 2018 for Hyosung’s “Prizma”
- Obtained “New Technology Certification” for improved light transmission film through Hyosung R&DB Labs
- Received a commendation at the 2018 Disability Employment Promotion Event through Hyosung TNS
- Selected Song In-sang, a National Social Contributor, as the February Honorary Patriot
2017
- Appointed Cho Hyun-joon as Chairman and CEO of Hyosung Group
- Established the Transparent Management Committee within the Board of Directors
- Completed the new transmission STATCOM plant at the Changwon complex
- Received the “Korea Engineer Award” from the Ministry of Science, ICT and Future Planning through Hyosung R&DB Labs
- Received the Grand Prize in the Residence-Commerce Composite Sector of the Eco-Friendly Construction Industry Awards
- Received the “Minister of SMEs and Startups Commendation” during the Win-Win Growth Week
- Recognized as an Excellent Labor-Management Culture Company at the Gumi Plant
- Completed the FACT plant within Changwon Plant No. 1
- Received the Highest Honor Award from the Korean Red Cross
- Selected as one of the “Top 14 Industrial Technology Achievements of 2017” for the propane dehydrogenation catalyst process developed by Hyosung R&DB Labs
- Received the Minister’s Commendation for contributions to nuclear fusion research (Power PU)
2016
- Successfully developed Korea’s first 15 MW-class tidal power generator (Industrial Machinery PU)
- Completed the automotive carpet factory in Qingdao, China (Interior PU)
- Chairman Cho Hyun-joon received the Grand Prize in Science and Technology Research at the Chung Jin-ki Media and Culture Awards
- Received the Minister of Land, Infrastructure and Transport Prize at the Eco-Friendly Construction Industry Awards (Construction PG)
- Recognized by the Minister of Trade, Industry and Energy for Hyosung Goodsprings
- Received the Prime Minister’s Commendation at the 2016 Sharing National Awards
- Recognized with the “Greenhouse Gas Reduction Merit” Industry Minister Award during Climate Week
- Received the Ministry of Gender Equality and Family Award for excellence in work-life balance through Hyosung ITX
2015
- Selected as an “Outstanding Institution for Cultural and Artistic Sponsorship” by the Ministry of Culture, Sports and Tourism
- Opened the Carbon Specialized Startup Incubation Center in Jeonju
- Delivered buses equipped with carbon fiber CNG tanks in partnership with North Jeolla Province
- Opened the Hyosung Corporate Pavilion in the Daegu Textile Complex
- Received the Copper Tower Industrial Medal for contribution to job creation through Hyosung ITX
- Achieved No.1 market share in the high-end storage market through Hyosung Information Systems
- Certified as an excellent family-friendly company by the Ministry of Gender Equality and Family
2014
- Completed and supplied power from the solar power plant in Mozambique (Power PU)
- Completed the first CNG charging station for taxis in Korea (Industrial Machinery PU)
- Supplied renewable energy ESS (1.25 MW/3 MWh) to Gasa Island, South Jeolla (Power PU)
- Obtained ISO/TS 29001 certification at the Gumi plant—the first in Korea (Spandex PU)
- Completed the world’s largest “Pump Test Center” through Hyosung Goodsprings
- Launched the spandex brand “creora® comfort” for diapers
- Signed an agreement on the adopt-a-grave program with Seoul National Cemetery
- Developed polyketone-based membrane manufacturing technology for wastewater treatment through Hyosung R&DB Labs
- Recognized as an outstanding company in the textile sector in the “Excellent Companies in Climate Change Competitiveness” by the Korea Chamber of Commerce and Industry
- Received a commendation for the TPA Yongyeon plant from the Minister of Trade, Industry and Energy
- Recognized as an excellent workplace in the hazard assessment conducted by the Ministry of Employment and Labor and the Korea Occupational Safety and Health Agency for the Gumi plant
- Selected as the most excellent supplier in the “2014 Quality Awards” by Hyosung Information Systems HDS
- Surpassed KRW 1 Trillion in contract volume in the construction division
- Acquired international type certification for the 2 MW-class wind turbine HS90 from DEWI-OCC in Germany
- Launched the new brand “creora® easy scour” (Spandex PU)
- Opened Sevit Island in Seoul
- Received the 2014 Korea Technology Award for high-performance carbon fiber “Tansome”
2013
- Completed the carbon fiber plant in Jeonju
- Launched the carbon fiber brand “TANSOME”
- Launched the integrated apartment brand “Hyosung Harrington Place” through Construction PU and Chinheung
- Commercialized the high-performance polymer material polyketone for the first time in the world
- Decided to invest in the construction of the second TAC film plant at the Oksan Industrial Complex
- Obtained certification for pressurized hollow fiber membrane modules by R&DB Labs
- Received the 2013 Frost & Sullivan Korea Award for Product Strategy through Hyosung ESS
- Received “World Class Product of Korea 2013” certification for gas-insulated switchgear (Power PU)
- Obtained internationally recognized carbon labeling certification for Tire & Industrial Reinforcements PU
- Expanded the propylene plant at the Yongyeon Plant
- Established the first Hyosung Goodwill Store as a social enterprise
2012
- Selected as the “Charging System Operator” for the EV Sharing Pilot Project under the supervision of Korea Electric Power Corp.
- Received the “2011 Global Most Improved Supplier” award from Linde in Germany through Neochem PU
- Commercialized a 1 kW-class dual cell stack for household fuel cells through the Heavy Industries Research Institute
2011
- Achieved Korea’s first in-house development of carbon fiber production technology (Industrial Materials PG)
- Signed a USD 1.8 billion steel cord supply agreement—the largest in the steel cord industry (Tire & Industrial Reinforcements PU)
- Acquired Global Safety Textiles (GST), the world’s No.1 airbag fabric manufacturer
- Completed the spandex factory in Brazil (Spandex PU)
- Shipped the first commercial 2MW wind turbine unit (Wind Power Division)
- Entered into a partnership with Nanocyl in Belgium through Hyosung R&DB Labs
- Pioneered the supply of Korea’s first aseptic PET bottled soy milk using advanced aseptic filling technology for Binggrae (Packaging PU)
- Selected as a World Class Product for spandex yarn creora®
- Selected as a Next-Generation World Class Product for cooling PET yarn ‘Askin’
2010
- Received the $4 Billion Export Tower Award at the 47th Trade Day Ceremony
- Exported wind power components overseas for the first time using in-house technology (Heavy Industry PG)
- Expanded the Asepsys Line No. 2 at the Gwanghyewon Plant (Packaging PU)
- Established a Brazilian spandex subsidiary (Spandex PU)
- Began production of high-speed electric vehicle motors and fast chargers (Electric Machinery PU)
- Selected as the primary supplier of ultra-high voltage transformers to the UK National Grid
- Supplied two 154kV 50MVA STATCOM systems in the Jeju region (Power PU)
- Expanded the polyester yarn plant in Gumi
- Supplied Askin materials to Uniqlo (Nylon&Polyester Yarn PU)
2000 - 2009
Hyosung’s Global ExpansionFull Image
2000 - 2009
Hyosung’s Global Expansion2009
- Announced the Hyosung Way
- Completed the aramid fiber production plant
- Completed the TAC film production plant
- Established Hyosung Toyota Corporation
- Acquired international certification for 2MW and 750kW gear-type wind turbine systems (DEWI-OCC, Germany)
- Recognized as a Next-Generation World Class Product by the Ministry of Trade, Industry and Energy for polyester stretch fiber Xanadu.
- Received the Presidential Award for Merit in the Promotion of Science and Technology by Hyosung R&DB Labs (Korea Industrial Technology Association)
2008
- Completed spandex plants in Turkey and Vietnam
- Acquired Chinhung International, Inc.
- Completed a tire cord plant in Vietnam
- Completed the Nantong Plant of Hyosung Transformer Co., Ltd. in China
- Completed a photovoltaic power plant in Taean, Chungcheongnam-do
2007
- Started production at Yongyeon Plant by Neochem
- Earned World Class Product designation from the Ministry of Trade, Industry and Energy for pipe-grade PP 'R200P'
- Established subsidiaries in the United States and Brazil
- Had polyester-based electricity-conducting yarn conjugate spinning technology certified as a new technology by the Ministry of Science and Technology
- Acquired Dongguk Trade's plant in Zhuhai, China
- Ranked No. 1 in customer satisfaction for three consecutive years (The Class Hyosung)
- Constructed a spandex plant in Turkey
- Surpassed 10,000 cumulative units in circuit breaker production
- Participated in the preservation project for the historic site of Kim Gu’s refuge in China
- Constructed a tire cord plant in Vietnam
- Completed a photovoltaic power plant in Samnangjin
- Launched Mipan Regen, a recycled yarn product
2006
- Introduced the brand management system
- Acquired Nantong Wubang Transformers Co., Ltd. in China
- Acquired select assets of AgfaPhoto GmbH (Germany)
- Achieved Korea’s first domestic production of wind turbines
- Constructed a steel cord plant in Nanjing, China
- Signed a USD 32 billion contract to supply tire cords
- Acquired four plants from Goodyear
2005
- Completed the nylon film plant in Jiaxing, China
- Completed the Baoding transformer plant of Hyosung Tianwei Transformer Co., Ltd. in China
- Completed the nylon film plant in Gumi
- Received the Minister’s Commendation from the Ministry of Information and Communication for Hyosung Information System
- Signed a USD 650 Million long-term contract with Michelin and acquired a local plant
- Obtained ISO 9001 and ISO 14001 certifications for (Polyester Yarn PU)
- Completed China's first 750kV transformer substation
- Won the Prime Minister's Award for excellence in training and education
2004
- Obtained ISO 14001 certification for the TPA Yongyeon Plant
- Completed the spandex plant in Zhuhai, China
- Expanded the nylon film production facility at Gumi Plant 1
- Completed the distribution transformer plant in Baoding, China
- Introduced garment yarn nylon 66 ‘Zenio’ to the market
- Expanded the spandex plant in Gumi
- Signed a supply contract for 750kV extra-voltage switchgear with Northwest Electric Power Design Institute (NWEPDI), China
- Completed the tire cord plant in Jiaxing, China
- Launched the PTT carpet ‘Ion-free’ (Interior PU)
- Obtained ISO/TS 16949:2002 certification at Eonyang Plant
- Obtained ISO 9001:2000, ISO/TS 16949:2002, and ISO 14001:1996 certifications (Nylon Yarn PU)
- Developed the silver nanofiber ‘Mipan Nano Magic Silver’
- Changed the name of Hyosung Dryvit to Hyosung Innotech Inc.
2003
- Developed nylon 66 yarn for airbags
- Obtained ISO/TS 16949:2002 certification at the Ulsan Plant (Tire & Industrial Reinforcements PU)
- Established Hyosung Steelcord Co., Ltd in Qingdao, China
- Established Baoding Hyosung Tianwei Transformer Co., Ltd in Hubei Province, China
- Established The Class Hyosung, an import car sales corporation
- Developed silver fiber ‘Mipan Magic Silver’
- Established Hyosung Guangdong Spandex Co., Ltd in Guangdong Province, China
- Established Hyosung Film Co., Ltd in Zhejiang Province, China
2002
- Merged Hyosung Computer PU and Hyosung Data System into Nautilus Hyosung
- Acquired Michelin’s Scottsville tire cord plant in the United States
- Signed a long-term tire cord supply contract with Michelin
2001
- Acquired Teleservice
- Implemented ERP
2000
- Expanded the polyester tire cord plant
- Acquired Bridge Solutions Group, Hongjin Data System, and Igis Venture Group
- Established Hyosung Jiaxing Anyun Ltd.
1982 - 1999
Growth Drivenby Challenge and Innovation
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1982 - 1999
Growth Drivenby Challenge and Innovation
1999
- Expanded the spandex plant in Gumi
1998
- Merged Hyosung TNC, Hyosung Trading, Hyosung Life Industries, and Hyosung Heavy Industries into Hyosung Co., Ltd.
- Restructured the organization into five PGs and 31 PUs
1997
- Established Hyosung EBARA Engineering
- Established Hyosung Finance
- Constructed a computer production plant in Beijing
- Constructed a home carpet plant in Cheongwon
- Acquired ISO 9001 certification in the chemical fiber sector
- Acquired ISO 9001 certification in the information technology sector
1996
- Changed the name of Tongyang Nylon to Hyosung TNC
- Changed the name of Tongyang Polyester to Hyosung Living Industry Co., Ltd.
- Established Hyosung VINA in Vietnam
- Increased PP capacity (from 110,000 tons to 230,000 tons)
- Started the polyester film business
- Exceeded KRW 1 Trillion in sales
- Established the nylon film plant in Daejeon
- Received ISO 9001 certification for all products of Hyosung Living Industry
- Obtained ISO 9001 certification for all heavy industry products
1995
- Completed the Tile Carpet Plant in Daejeon
- Completed the Gumi Plant No. 2
- Inaugurated the 21st Century Committee, the 2nd Wave Business Launch Committee
1994
- Established Hyosung Information and Communication
- Completed construction of the Jochiwon Plant
- Selected as an excellent construction company by the Ministry of Construction and Transportation
1993
- Relocated the headquarters to Gongdeok-dong, Mapo-gu, Seoul
- Developed PREMO, a microorganism material for sewage treatment
- Obtained ISO 9001 certification for four sectors including ultra-high voltage transformers, circuit breakers, and motors
1992
- Acquired the CFC nylon plant in Sri Lanka
- Started production of spandex at the Anyang Plant
- Completed construction of Gumi Plant 1
- Completed construction of Changwon Plant 5 (reducer plant)
1990
- Completed construction of the PP/DH plant in Yongyeon
- Received the 500 Million Dollar Export Tower
- Established the Hyosung Life Industries Scholarship Foundation
1989
- Entered the PP and propylene business
- Established Hyosung EBARA
- Registered the trademark TOPLON in 40 countries
- Completed construction of Changwon Plant 4 (electric field plant)
1988
- Established the Resin Processing Research Institute
1987
- Established Korea Engineering Plastics
- Merged with Wonmi Fiber Engineering
- Completed construction of Changwon Plant 3 (rotator plant)
1986
- Established Hyosung Hitachi Data Systems (currently Hyosung TNS).
- Founded the training institute
- Selected as the best builder by Korea National Housing Corporation
1985
- Established Hyosung NAS (currently Hyosung Information System)
- Completed General Training Institute in Anyang
1984
- Integrated Toplon Co., Ltd. through merger
- Integrated Hyosung Construction Co., Ltd. through merger
1983
- Established the Electronic R&D Center
- Started exporting motors to the United States
1982
- Cho Suk-rae appointed as Chairman
- Exported tire cord manufacturing technology to India for the first time
- Developed Korea’s first 345kV ultra-high pressure 3-phase transformer for nuclear power plants
1966 - 1981
Pioneering the Path to ExcellenceFull Image
1966 - 1981
Pioneering the Path to Excellence1981
- Exported special 230 kV iron towers to Bangladesh
1980
- Established Hyosung BASF
- Constructed a computer plant in Gumi
1978
- Established the Heavy Industries Technology Research Institute
- Received the Best Quality Management System Award
- Developed BCF yarn for carpets
1977
- Completed construction of the Changwon Hyosung Heavy Industries Plant
1976
- Acquired Tongyang Educational Foundation
1975
- Acquired Hanyoung Engineering
1973
- Established Toplon
- Established Tongyang Polyester
- Established Tongyang Dye Engineering
1971
- Established the Electronic Communication Research Center
1970
- Merged with Hanil Nylon
1969
- Developed Korea’s first 154 kV high-voltage transformer
1968
- Completed construction of the Ulsan Plant
1967
- Completed construction of the Ulsan tire cord plant
1966
- Established Tongyang Nylon
