||This article is in a list format that may be better presented using prose. (August 2013)|
|Traded as||KRX: 004800|
|Headquarters||119, Mapo-daero, Mapo-gu, Seoul, South Korea|
|S. R. Cho|
|Revenue||US$ 17.0 billion (2015)|
|US$ 816 million (2015) |
|US$ (451) million (2015) |
|Total assets||US$ 12.0 billion (2015) |
|Total equity||US$ 2.98 billion (2015) |
Number of employees
|25,000 (as of January 2015)|
|Slogan||"Always By Your Side"|
|Revised Romanization||Hyoseong Geurup|
Hyosung Corporation is a South Korean industrial conglomerate, founded in 1966. It operates in various fields, including the chemical industry, industrial machinery, IT, trade, and construction. It is known in Korea mostly for high-end apartments and automatic teller machines. Its CEO is S. R. Cho (조석래).
2013. World's first polyketone developed and commercialized[need quotation to verify]; Product strategy award won for ESS project (Energy Storage System) at the 2013 Frost & Sullivan Korea Excellence Awards; Award for '2012 Global Preferred Supplier' won by Neochem PU; Industry Innovation Movement 3.0 joined with MOU signed for shared growth fund donation; Carbon fiber plant completed in Jeonju; Carbon fiber brand 'TANSOME' launched; Hyosung Harington Place sold by Construction PU and Chin Hung International after opening a model house in Chilgok and Okdong in North Gyeongsang Province[need quotation to verify]
2012. Selected as the 'charging system business' of Korea Electric Power Corporation's (KEPCO) EV sharing pilot project; Neochem PU won '2011 Global Most Improved Supplier' award from LINDE in Germany; Power & Industrial Systems PU R&D Center commercialized 1 kW dual cell stack for home fuel cells; Industrial Machinery PU signed an agreement with Korea Gas Safety Corporation to obtain IECEx and ATEX for 25 electric motor types; Packaging PU launched new beverages (including Del Monte Cold); Power & Industrial Systems PG signed a contract for electrical power grid construction in Qatar; Power & Industrial Systems PG delivered the first product of its solar inverter; Vietnam Smile Expedition won KPRA Korea PR Awards for its Global PR; Company newsletter <HYOSUNG> won 'Chairman's Prize of Korea Clean Contents National Movement Association' in Company Newsletter of '2012 Korea Communication Awards'; Tire & Industrial Reinforcement Materials PU completed construction of Thailand JV steel cord plant with SEI; Packaging PU produced Seoul Dairy Cooperative's new Dotoru products; Nautilus Hyosung won the '2012 Red Dot Design Award'[need quotation to verify]
2011. Gwanghyewon factory introduces PS Call-based quality control system; Power & Industrial Systems PG has signed an MOU with Electric Insulation Research Center, Seoan Traffic University for joint research and development; Tire & Industrial Reinforcements PU extends its MOU with Michelin for another 5-year’s supply; Gwanghyewon factory selected as Best Partner for Clients 2010; Three types of intelligent electronic devices for automation of digital transformation acquired IEC 61850 from KEMA, the Dutch-based international certificate authority; Nautilus Hyosung signs an MOU with SKT for ‘Smart Branch’; Donated 500 million won to “Bridge of Hope Korea Disaster Relief Association” for the flood damage recovery; Developing the country’s first Carbon Fiber; Built spandex plant in Brazil[need quotation to verify]
2010. Received Tower of Exports Order for $4 Billion in exports(The 47th Annual Trade Day); Built steel cord plant in Vietnam Signed agreement to build spandex plant in Brazil; Signed contract to build electrical power grid in Qatar; Launched transformer substation construction project in Algeria; Supplied 50MVA STACOM to KEPCO for the first time in Korea; Hyosung EBARA Engineering launches sewage treatment business in Algeria; Participated in 2010 Shanghai Expo; Hyosung R&D Business Labs received Awards for Creativity in Science and Technology and Honors from Vice-Minister of Education, Science and Technology for developing the country’s first TAC film
2009. Declared the Hyosung Way; Built aramid fiber plant; Built TAC film plant; Hyosung Capital merged with Star Lease Co., Ltd.; Established Hyosung Toyota; Signed MOU to build power generation and wind turbine plant with Korea Southern Power Co.; Received international certification for 750 kW gear-type wind turbine(DEWI-OCC, Germany); Xanadu polyester fibers selected as Next-Generation World-Class Product by Ministry of Commerce; High barrier gas multi-layer for PET beer bottles selected as Next-Generation World-Class Product by Ministry of Commerce; Hyosung R&DB Labs received Presidential Award for Merit of promotion of Science and Technology (Korea Industrial Technology Association)[need quotation to verify]
2008. Built spandex plant in Turkey and Vietnam; Acquired Chinhung International Inc.; Expanded ultra high voltage power facility Built tire cord plant in Vietnam; Built plant for Nantong Hyosung Transformer Co., Ltd. In China; Built Photovoltaic Power plant in Taean, Chuncheongnam-do[need quotation to verify]
2007. Acquired StarLease Co., Ltd; work for the NF3 factory completed; built facility for anti-bacterial filled PET bottles; construction of a #1 solar power system was completed; exceeded KRW 5 trillion in sales for Hyosung Co., Ltd.[need quotation to verify]
2006. Contracted with Goodyear for the long-term supply of Tire Cords and Contracted to take over four Factories around the World; acquired an Agfa photo production facility in Germany; acquired the Nantong Hyosung Transformer Co., Ltd. in China; acquired Dongguk Trade's spandex factory in China[need quotation to verify]
2004. Completed work for the spandex plant in Zhuhai, China; completed work for the transformer plant in Baoding, China; completed work for the tire cord plant in Jiaxing, China; signed a supply contract for 750 kV switchgear with Northwest Street Power Grid Corp, China; expanded the nylon film facilities at the Gumi 1 factory[need quotation to verify]
2003. The Class Hyosung was established, Hyosung Spandex (Guangdong) Co., Ltd was established in Guangdong Province, China; Hyosung Film (Jiaxing) Co., Ltd was established in Zhejiang Province, China[need quotation to verify]
2002. Took over the Tire Cord Plant of Michelin in Scottsville, U.S.A.; Aerocool was selected as one of the world's best products.[need quotation to verify]
2001. Adopted ERP; established the Spandex Plant in China; concluded a contract with Beijing Coca Cola for the long-term supply of PET bottles[need quotation to verify]
2000. Established the spandex plant in Gumi[need quotation to verify]
1999. Acquired Korean Trade (KT) marks for the Hyosung Computer, Ultra High Voltage GIS (Gas Insulated Switchgear), and Polyester Fiber (Aerocool)[need quotation to verify]
1998. T&C, Trading Company, Life Industry, and Heavy Industry all merged into Hyosung Co., Ltd.; developed 800 kV GIS, a first in Korea, and only the 3rd time Globally[need quotation to verify]
1996. Established the nylon film plant in Daejeon[need quotation to verify]
1995. Established PET bottle company in China; established the tile carpet plant in Daejeon[need quotation to verify]
1990. Entered the spandex Business[need quotation to verify]
1989. Entered the PP and propylene business; established Hyosung EBARA Co., Ltd.[need quotation to verify]
1983. Developed a microfiber that combines Nylon and Polyester[need quotation to verify]
1979. Started producing PET bottles at the Eonyang Plant[need quotation to verify]
1975. Acquired Hanyoung Industries Co., Ltd. (formerly Hyosung Heavy Industry)
1973. Established Tongyang Polyester Co., Ltd.; established Tongyang Dyeing Co., Ltd.
1972. Exported tire cords to Southeast Asian countries for the first time
1971. Established R&DB Labs, a first in Korea
1970. Acquired Hanil Nylon Co., Ltd.
1969. Developed Korea’s first 154kV high-voltage transformer
1968. Completed the Ulsan Plant
1967. Completed the tire cord plant in Ulsan
1966. Established Tongyang Nylon Co., Ltd.
Business & Subsidiaries
- Textile PG
- Nylon Polyester Fiber PU
- Spandex PU
- Fabric/Dyeing PU
- Industrial Materials PG
- Tire & Industrial Reinforcements PU
- [echnical Yarn PU
- Interior PU
- Aramid Business Division
- Chemicals PG
- PP/DH PU
- Packaging PU
- TPA PU
- Film PU
- Neochem PU
- Optical films Business Division
- Hyosung Power & Industrial Systems PG
- Power Systems PU
- Industrial Machinery PU
- Hyosung Good Springs PU
- Wind Energy Business Division
- Construction PG
- Construction PU
- Hyosung EBARA Engineering PU
- Chinhung International Inc.
- Trading PG
- Steel & Metal Products PU I
- Steel & Metal Products PU II
- Chemical Products PU
- Trans-World PU
- Information and Communication PG
- Nautilus Hyosung PU
- Hyosung Information Systems PU
- Hyosung ITX Co., Ltd.
- Galaxia SM, Inc. joint venture with S.M. Entertainment
- IB Medianet
- Other affiliated companies
- Hyosung Capital PU
- The Class Hyosung Co., Ltd.
- Hyosung Toyota Corporation
- Galaxia Photonics Co., Ltd.
- Galaxia Electronics Co., Ltd.
- Galaxia Communications Co., Ltd.
- Economy of South Korea
- List of South Korean companies
- Hyosung Motors & Machinery Inc.: Motorcycle manufacturer and automobile parts supplier, spun off from Hyosung Corp. in 1980.
- "hyosung corporation (004800:Korea SE)". businessweek.com. Retrieved September 1, 2014.