President praises outstanding performance contributing to national economy
Hyosung won the $4 Billion Export Tower Award on November 30th during the 47th annual Trade Day ceremony held at COEX, Seoul. Hyosung Vice Chairman, Lee Sang-wun, attended the ceremony and received the award in person from President Lee Myung-bak.
Despite the lingering effects of the latest global financial crisis, Hyosung, a conglomerate with about 50 overseas subsidiaries and offices, has performed admirably after following through with aggressive market exploration activities and full-scale global management operations. The company manufactures tire cord and spandex products that are among the world’s first-rated, as well as transformers, circuit breakers, motors, nylon yarns, PET yarns, PET bottles, films and various other products that are being exported to some 130 countries around the world.
During the ceremony, President Lee commended Hyosung and other award-winning companies, their workers and management on their decades of hard work and dedication. He said their contribution to Korea’s national economy has been a major driving force behind the country’s growth into the world’s seventh largest exporter.
Hyosung plans to continue with its aggressive global management strategies and to focus full-bore on strengthening its global competitiveness.
For Hyosung, winning the export tower award wasn’t the only happy occasion. Yu Seon-hyeong, who is Hyosung Vietnam’s Ho Chi Minh Senior Vice President, also received the Prime Minister’s award at the ceremony. Mr. Yu, after working for years in Vietnam, was recognized for his abilities to perceive customer needs and satisfy clients with speedy response. He has helped Hyosung and other Korean companies operating in Vietnam by making sure that their business activities are smooth and successful.
