Hyosung R&DB Labs President Woo Gives a Presentation at the 5th Meeting of the Special Committee on Creative Economy

Hyosung R&DB Labs President Woo Sang-sun gave a presentation on the topic ‘Creative Economy Led by Carbon Fiber’ at the 5th meeting of the Special Committee on Creative Economy hosted by the Federation of Korean Industries (FKI) on October 24. Over 40 members of the Special Committee on Creative Economy including the FKI chairman as well as Lee Sang-mok, the 1st vice-minister of the Ministry of Science, ICT and Future Planning, and National Assembly member Kwon Eun-hee attended the meeting to discuss creative industries, ways to vitalize the carbon fiber industry, intelligent construction equipment, and future trend technologies. The first presenter was Doosan Infracore president Son Dong-yeon, which was followed by Woo’s presentation. “Our goal is to invest KRW 1.2 trillion in the Jeonju carbon cluster and achieve KRW 3 trillion in sales by 2020,” said Woo. “Though we are a latecomer, we must keep pace with the advanced countries in conducting researches within a short period of time to position ourselves as a major company in the global market that will grow to be the size of KRW 100 trillion, while also acting as a significant feature of creative economy.” He also suggested that the government must provide active support for domestic companies in order to promote the carbon industry as a national strategy.

In the free discussion after the presentation, various members of the Special Committee on Creative Economy including GS Caltex Corporation president Kim Byung-ryeol, Korean Air CEO Seo Yong-won, and Hanyang University professor Kim Chang-gyeong emphasized that it is necessary to intensively foster carbon fiber, which is an ultra-light, high-intensity and environmentally-friendly material. The government and corporate officials who saw the potential of carbon fiber all agreed that “future growth engines will contribute greatly to vitalizing creative economy.” Hyosung is expected to play a leading role in high value-added creative industry creating new added values, especially after succeeding in the originality development of high-performance carbon fiber.