Various stories brought to you by Hyosung Advanced Materials
A total of 110 articles have been added for reading.
Hyosung Advanced Materials(HAMC) has obtained a gold medal from EcoVadis, a global ESG evaluation agency that evaluates approximately 75,000 companies annually.EcoVadis evaluates companies’ policies and activities and results in the fields of environment, labor, ethical management & fair trade, and supply chain. Gold medal is awarded to the top 5% of the participating companies. HAMC achieved advanced level in all fields resulting in an overall performance that corresponds to the top 3% level. In particular, this evaluation is very meaningful as it is a grade obtained at the company-wide level, including both domestic and overseas business sites for the first time.Since its establishment, HAMC has established the Sustainability Steering Committee led by the CEO and C-Level executives, and specialized sub-committees responsible for reinforcing ESG management capabilities.We will continue to strengthen our competencies in the environmental, social and governance sectors.
Hyosung and Jamshil Creative Studio of the Seoul Foundation for Arts and Culture selected Hong Se-jin as Artist of the Year with Hyosung in 2021. The Artist of the Year is a program run by the Seoul Foundation for Arts to select one of the resident artists of Jamsil Creative Studio who has demonstrated outstanding work through a public contest and award a 5 million won prize to the winner. Hong′s painting visualizes abstract elements such as lines and shapes of space and artificial objects to capture the ″unfamiliarity that is step away from sanity.″ The jury gave a high score, noting that ″the visual language clearly reveals the artist′s world of work, and the work is highly polished.″ Hyosung has supported the program since 2018 to spread the value of disabled artists′ works and help disabled artists continue their barrier-free work activities. It has partnered with Jamsil Creative Studio, a creative residency for disabled artists of the Seoul Foundation for Arts and Culture, and provided a 100 million won fund each year to Good Morning Studio, a program to support resident artists. Hyosung also visited the Southern Seoul Regional Office of Patriots and Veterans Affairs on December 27 and donated bedding sets to 125 low-income patriots and veterans. This donation was particularly meaningful as they were prepared with the 10
On December 22nd, Hyosung selected vice president Kim Chi-Hyung of Hyosung Vietnam as the recipient of the ′2021 Proud Hyosung-er of the Year Award.′VP KIM was recognized for his contributions to the stable operation of factories producing the major products of the Hyosung Vietnam and Hyosung Dongnai such as spandex and tire cords through accurate analysis of local situations and prompt response to them as the head of Hyosung′s largest production base worldwide in the midst of the COVID-19 crisis. In response to the spread of COVID-19 in 2021, the Vietnamese government took ′lockdown′ measures and sealed off some regions or industrial complexes altogether for a certain period of time. Global companies running factories in Vietnam were faced with an unprecedented crisis in which local factory operations should immediately stop unless their factory workers never left their factory premises. VP Kim took the lead in preemptively establishing and implementing the in-house lodging and dining system, enabling the factories of Hyosung Vietnam and Hyosung Dongnai to operate normally without any setback. As a result, Hyosung has been able to supply its products to global customers without a hitch in the midst of the COVID-19 pandemic. Meanwhile, Hyosung chose three suppliers – COTS Technology, Korea EPO, and Duckshin Engineering – as winners of the ′Special Proud Hyosung-er of the Year Award.′ The suppliers have continuously joined forces with Hyosung to improve its overall quality assurance performance and export competitiveness through their unique contributions including the development of the HVDC controller, the diversification of supply lines for export-oriented textile packaging materials, and the achievement of zero occupational accident rate, respectively.
Hyosung Advanced Materials provided green seat belt material and carbon fiber for the work of global artist ′KANGHYUK.′ The new ′KANGHYUK′ works of art have been created to commemorate the launch of a premium EV brand in the Korean market. KANGHYUK has turned Hyosung seat belt material and other green industrial materials used in the EV into artistic sculptures. The attempt is highly regarded for its melting of the distinct characteristics of industrial materials, such as Hyosung eco-friendly seat belt material and carbon fiber, into the artworks while showcasing a new aspect of industrial materials through its experimental grating of the materials into artistic design. This is not the first collaboration between Hyosung and KANGHYUK. In May, Hyosung Advanced Materials supplied airbag fabric to KANGHYUK free of charge and KANGHYUK presented a total of 23 collections including ski suit-like clothing. Hyosung TNC also conducted a collaboration with KANGHYUK by providing it with various functional materials such as ′Regen′ fibers made of recycled transparent PET bottles. In June, KANGHYUK presented artworks made from Hyosung industrial materials used for automobile airbags and industrial hinges among others at an exhibition entitled ′REPEAT′ held at FOUNDRY SEOUL in Hannam-dong. ′KANGHYUK′ is a global artist brand launched by Choi Kang-hyeok and Son Sang-rak who were master′s students majoring in men′s wear at the Royal College of Art (RCA) in London, UK. In 2019, KANGHYUK was selected as a semi-finalist of the 2019 LVMH (LVMH Moët Hennessy Louis Vuitton) Prize, drawing attention from people around the world. KANGHYUK makes clothes using waste car airbags, discarded nylon, and polyester as part of its attempt to realize ′sustainability,′ which is a hot topic around the world, in the world of fashion, receiving plenty of requests for collaboration from the fashion world and related businesses.
Hyosung continued its CSR activities at year end.On December 16, Hyosung donated 400 sets of ′Daily Necessities of Love′ for the underprivileged in Ahyeon-dong, Mapo-gu, Seoul. Since 2015, Hyosung has donated daily necessities including tuna and ham sets to the Community Center in Ahyeon-dong, Mapo-gu, where its headquarters is located, twice a year. Vice Chairman Cho Hyun-Sang, head of the Hyosung Sharing Volunteer Group, said, ″We hope these will be of little help to our neighbors struggling with COVID-19.″On December 14, the Hyosung Sharing Volunteer Group donated KRW 11 million to the Janggunbong Public Childcare Center located in Gwanak-gu, Seoul. The childcare center is planning to use the donated amount for its children′s cultural activities and Christmas party as well as the upgrade of its facilities. Hyosung is practicing sharing for the local community under its social contribution slogan ″We will stand by you by sharing.″ Recently, Hyosung has delivered 10 tons of ′Rice of Love′ and 1,500 heads of ′Kimchi of Love′ to the underprivileged in Mapo-gu while donating KRW 30 million to the Mapo-gu Social Welfare Council to support low-income families.
Hyosung Group delivered 1 billion won in donations for needy neighbors to the Community Chest of Korea on December 7. The donations raised on the occasion of the year-end by five companies -- Hyosung Co., Hyosung TNC., Hyosung Heavy Industries, Hyosung Advanced Materials, and Hyosung Chemical -- will be used to support Korean War veterans′ housing, employment of women whose careers were interrupted, and self-reliance and daily livelihood of underprivileged people. Hyosung Chairman Cho Hyun-jun said, "We hope that warmth will be delivered so that our neighbors suffering from the COVID-19 crisis can have hope." Under the social contribution slogan "We will be together with sharing," Hyosung has been actively carrying out social contribution programs and sustainable management, focusing on three themes: support for the vulnerable, support for culture and arts, and reward for veterans and patriots. Recently, Hyosung was designated as an "Excellent Enterprise for Social Contribution to Cultural Heritage" by the Cultural Heritage Administration for contributing to preservation of cultural properties by supporting the restoration work for Daejojeon Hall and Huijeongdang at Changdeokgung Palace. It also became the single company to receive the ″Culture for Rewarding Veterans and Patriots Award″ from the Ministry of Veterans and Patriots Affairs for supporting war veterans and families.