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Get a closer >etc. Hyosung Ventures ,‘Ditonic’ and ‘Chang-eob-in’ of the Year 2025.03.31 Hyosung’s corporate venture capital (CVC) Hyosung Ventures has made its first investment in 2025. On the 31st, Hyosung Ventures announced its investment in ‘Ditonic’, the only Korean company specializing in spatiotemporal big data processing, and ‘Chang-eob-in (brand name: Tablero)’, which provides a QR-based ordering and payment solution. Ditonic creates and delivers solutions that analyze spatiotemporal big data such as location and time information to extract useful patterns and insights. It is utilizing solutions in various industries, such as autonomous driving, infectious disease tracking, and weather observation, and has secured Samsung Electronics, LG Energy Solution, and Korea Road Traffic Authority as its clients. The company is aiming for an initial public offering (IPO) in 2026, with an average annual growth of 115% since 2019. ‘Chang-eob-in’ provides a QR-based ordering and payment solution compatible for easy installation on POS devices. Based on the unrivaled convenience of the service and low fees, it is driving business expansion with applications in various industries, not only F&B. This investment has paved the way for opportunities to pursue partnerships with Hyosung Group IT affiliates, further increasing the prospects of entering the global market. This investment was made through the ‘Hyosung CVC Scale-up New Technology Business Investment Association No. 1’ fund jointly established with the Korea Institute for Advancement of Technology (KIAT). Out of the total KRW 51 billion, KRW 32 billion won has been invested so far. Hyosung Ventures continues to invest in various promising companies in the AI, IT, materials, and fintech sectors through this fund. Besides Ditonic and ‘Chang-eob-in’, other investments include ▲BETTERWHY ▲PERSONA AI ▲ANPOLY ▲Colosseum Corporation Inc. ▲XSLAB ▲PLATFOS, etc. Hyosung Ventures CEO Chul-ho Kim said, “We will stay actively engaged in startup investment to support the growth of the domestic startup ecosystem,” and added “We will discover and actively support promising startups based on Hyosung’s robust business experience and network.” Meanwhile, Hyosung Ventures is also actively seeking investment targets for the KRW 100 billion ‘Startup Korea Hyosung Deep Tech Venture Investment Association’ fund launched with Korea Venture Investment in December. It plans to select startups with cutting-edge future core technologies and make its first investment in the first half of this year. (End) -
Get a closer >Hyosung Group Hyosung Donated KRW 300 million for Wildfire Recovery 2025.03.28 On the 28th, the Hyosung Group of companies donated a total of KRW 300 million to the Korean Red Cross for wildfire recovery. This combined donation was contributed by Hyosung Corporation and its major affiliated companies Hyosung TNC Co., Ltd., Hyosung Heavy Industries Co., Ltd., and Hyosung Chemical Co., Ltd. The Hyosung-affiliated companies’ donation will be utilized to support wildfire victims and relief sites. Hyosung Chairman Cho Hyun-joon said, “We, at Hyosung, wish to express our deepest condolences to those who have lost their homes and are enduring difficulties due to sudden disasters,” and added, “We pray that the affected areas will be restored as soon as possible so that everyone will return to their daily lives.” Meanwhile, the Hyosung Group of companies has continued to donate funds whenever national disasters have occurred, such as the torrential rain in July 2023, the Gangneung wildfire in April 2023, the monsoon deluge in August 2022, the eastern coast wildfire in March 2022, the monsoon deluge in August 2020, and Covid-19 pandemic in February 2020. -
Get a closer >Hyosung Heavy Industries Co., Ltd ‘ELECRAMA 2025’, the Largest Power Industry Exhibition in India 2025.02.25 Hyosung Heavy Industries showcased cutting-edge power solutions at the largest power industry exhibition in India, receiving accolades from many local customers. Hyosung Heavy Industries announced that it participated in ‘ELECRAMA 2025’ held in New Delhi, India from the 22nd to the 26th. ‘ELECRAMA 2025’, an international power industry exhibition held every two years, is a large-scale event that draws roughly 1,000 participating companies and over 400,000 visitors. Hyosung Heavy Industries showcased its latest power technologies and products at this exhibition under the theme of “Your trustworthy partner ushering in energy transition era to ensure grid stability,” garnering accolades from local customers. Key products on display included ▲SF6 Free GIS (gas insulated switchgear) that reduces greenhouse gas emissions and enhances high-performance insulation technology ▲Mobile substations that facilitate prompt response to emergencies with rapid installation and portability ▲STATCOM (static synchronous compensator) that supports stable power supply to renewable energy generation, data centers, etc. ▲HVDC (high- voltage direct current system), a future power grid-based core technology that enables efficient long-distance, large-capacity power transmission. Hyosung Heavy Industries CEO Tae-hee Woo said, “India is one of the fastest-growing power markets in the world,” and added “Hyosung Heavy Industries will further solidify our leading market position in India by presenting proprietary innovative power solutions showcased at this exhibition.” Meanwhile, recognizing the power equipment market potential in India early on, Hyosung Heavy Industries has continuously targeted the market and proceeded to establish a branch in New Delhi in 2007 and completed a GIS production plant in Pune, central-western India, in 2015. Hyosung Heavy Industries ranks first in the Indian GIS market with a market share of over 50%, and captured a dominant market share of over 95% in the ultra-high voltage GIS sector of 800 kV or higher. As of 2024, its Indian subsidiary's sales growth increased to more than double from the previous year, establishing it as a key power company in the Indian market. -
Get a closer >Hyosung Heavy Industries Co., Ltd Successfully Verified Operations of Hydrogen Engine Generator in Extreme Climates 2025.02.21 Hyosung Heavy Industries' carbon-free hydrogen engine generator has successfully achieved stable operation even in extreme climates, such as extreme cold and heat waves, demonstrating its resiliency in clean hydrogen power generation business. On the 21st, Hyosung Heavy Industries announced that the world's first commercialized 1MW hydrogen engine generator has succeeded in sustaining continuous operation for 1,400 hours in a winter climate. Having already proven its stable engine output and efficiency for operations in the summer, this marks a milestone in achieving operational reliability in conditions with extreme temperature changes. Hyosung Heavy Industries’ hydrogen engine generator is a cutting-edge product that can produce electricity using only 100% hydrogen, and was installed and rolled out at Hyosung Chemical’s Yongyeon Plant in Ulsan in April last year. □ The world’s only hydrogen engine generator in demonstration operational phase Having passed safety inspections with the Korea Gas Safety Corporation and the Korea Electric Safety Corporation, Hyosung Heavy Industries’ hydrogen engine generator has been approved for commercial operations, validating its stability. Currently, many domestic and foreign companies are pursuing development of hydrogen engine generators, but most are still in the testing phase, but Hyosung Heavy Industries is the world’s only company to have successfully completed demonstration operations. □ Reinforcing highly variable renewable energy generation Hyosung Heavy Industries’ hydrogen engine generator does not emit carbon when using only 100% hydrogen as fuel. In addition, given that it can be operated and stopped at will, it makes up for the shortcomings of highly variable renewable energy sources such as solar and wind power. As a result, it is certain to contribute to achieving the government’s carbon reduction goal. □ Cost efficiencies with flexible fuel usage, easy installation and maintenance Hydrogen engine generators have a structure similar to that of automobile engines, making it compatible with conventional automobile maintenance facilities and technologies. Therefore, this allows for excellent cost efficiencies with easy installation and maintenance. In addition, they have the advantage of being able to use not only high-purity and low-purity hydrogen, but also a mixture of hydrogen and natural gas. A company official said, “Having tangibly attained the reliability of hydrogen engine generators for all-season operations, which are a key technology for achieving carbon neutrality, we will further advance hydrogen combustion technology to strengthen our competitiveness in the eco-friendly energy market.” Meanwhile, Hyosung Heavy Industries signed an agreement with Korea South-East Power in December last year to ‘Jointly Promote Hydrogen Engine Power Generation Projects’ and decided to form a strategic partnership for the future carbon-free power industry. The two companies plan to jointly promote hydrogen power generation projects using hydrogen engines and clean hydrogen, including △power generation projects using hydrogen and hydrogen compound combustion engines, △clean hydrogen production and usage demonstration projects, and △other clean hydrogen and hydrogen compound-related projects and technical cooperation. -
Get a closer >Hyosung Heavy Industries Co., Ltd Showcases Intelligent Power Equipment Solutions for the AI Era 2025.02.12 Hyosung Heavy Industries will showcase intelligent power equipment solutions catering to the AI (artificial intelligence) era. On the 12th, Hyosung Heavy Industries announced that it will participate in ‘ELECS KOREA 2025’ (Electric Energy Conference & Show), a world-class domestic electric industry exhibition held at COEX in Seoul from the 12th to the 14th. ‘ELECS KOREA 2025’ is a dedicated trade exhibition in the electric power and energy sector hosted by the Korea Electrical Manufacturers Association and Korea Electric Power Corporation, with roughly 200 companies and 20,000 industry officials expected to attend. At this exhibition, Hyosung Heavy Industries will showcase AI and digital-based power technologies under the theme of ‘Intelligent Energy Solution-Advancing AI & DC Technologies’. Key products on display include ▲‘ARMOUR+’, a platform-based power facility asset management system that monitors power facilities with AI-based solutions ▲ ‘AR-based vision inspection equipment’, a digital power equipment inspection system utilizing augmented reality (AR) technology ▲ Korea’s first 200MW-class voltage-type HVDC (ultra-high voltage direct current transmission system) developed with proprietary technology ▲ STATCOM (static synchronous compensator) used in renewable energy generation, data centers, etc. to ensure stable power supplies. In particular, the company plans to steer the attention of visitors by operating an ‘experiential zone’ where they can directly explore ‘ARMOUR+’ and 3D modeling of major power devices. Hyosung Heavy Industries CEO Tae-hee Woo said “Hyosung Heavy Industries is constantly expanding its business areas by aggressively incorporating AI and digital technologies into power equipment solutions,” and added, “We want this exhibition to serve as an indelible opportunity to envision the future of the power industry with domestic and international customers.” Meanwhile, Hyosung Heavy Industries has been captivating international customers with more cutting-edge technologies, such as last year’s launch of ‘ARPS (ARmour Plus Seda)’, an integrated solution that combines ‘ARMOUR’, Korea’s first asset management system developed with proprietary technology, and ‘SEDA’, a preemptive diagnosis system of Korea Electric Power Corporation, and exporting it to Malaysia. In particular, ‘ARMOUR+’, set to be launched in the first half of the year, is a platform that can be applied infinitely to various industries such as smart energy management and building facilities, data centers, railways, and power generation based on its expandability.