Strategy Division’s Green Management Team Choi Young-ryeol (Deputy Section Chief) Receives the Minister Prize of Trade, Industry and Energy

Strategy Division’s Green Management Team Choi Young-ryeol (Deputy Section Chief) received the Minister Prize of Trade, Industry and Energy on October 17 for excellent implementation of the Target Management System. Choi has been in charge of the company-wide Greenhouse Gas and Energy Target Management System of the government since 2010. He has built greenhouse gas inventory and computer management system for all offices, and is supervising activities to take actions against the government as a representative of the company. Thanks to the efforts of the employees in charge of greenhouse gas around the offices, Hyosung reduced 10% of company-wide greenhouse gas emissions in two years, from 1.5 million tons in 2010 to 1.35 million tons in 2012. The early reduction record of 150,000 tons was certified by the government. The record will be allocated to our company as additional emission rights when implementing the emissions trading system in Korean in 2015, and selling the rights will generate an additional profit of KRW 1.1 billion based on the current international transaction value (KRW 7,500 /ton).

Choi had also participated in the emissions trading demonstration project hosted by the Ministry of Trade, Industry and Energy where he produced excellent results 2 years in a row, therefore receiving a government reward. Along with these achievements, he was recognized for his contribution to the development of the government systems by fulfilling the roles of target management system TMPC consultant, the Korea Verification Association of Greenhouse Gas consultant, and emissions trading MRV research project consultant, for which he received the Minister Prize of Trade, Industry and Energy.