Various stories brought to you by Hyosung Advanced Materials
A total of 155 articles have been added for reading.
Hyosung said on February 13 that it will donate $100,000 for the rehabilitation of earthquake-hit areas in Türkiye. Said donation will be delivered to the Disaster and Emergency Management Authority of Türkiye through the company’s local corporation, to be spent on rehabilitation and support for people affected by the recent disaster. “I would like to express my deepest condolence and words of consolation to Türkiye people suffering from the abrupt disaster. I hope our donated funds will be spent usefully and they will get over the current difficulty very soon,” Hyosung Chairman CHO Hyun-Joon said. Hyosung runs a spandex factory in Türkiye. The factory is located in the Cerkezkoy Industrial Complex more than 1,000 km away from the areas affected by the earthquake and suffered no direct loss but decided to donate to help Türkiye rehabilitate from the earthquake damage.The company’s local corporation in Türkiye also donated funds for victims of the flood in Kastamonu in August 2021, forest fire in Marmaris in July 2021, and earthquake in Elazig in January 2020.
Hyosung Quang Nam Co., Ltd, subsidiary of Hyosung Advanced Materials Corporation(HAMC), held a completion ceremony for the expansion of Hyosung Dyson Kindergarten on January 16. In Vietnam, kindergarten education is creating blind spots for children who cannot go to kindergarten due to a lack of space, and it is necessary to increase the area of kindergarten to improve the quality of child protection and education. HAMC sponsored 100 million KRW to expand the kindergarten so that all children could receive basic education. On November 2022, executives and employees of Hyosung Quang Nam Co., Ltd visited the site and completed the kindergarten together through volunteer activities. HAMC has established and is operating a new production corporation in Quang nam Province in 2018, and plans to gradually expand support for the vulnerable through social contribution activities as well as community economic contributions.
Hyosung TNS said on January 17 that it was launching NFTtown, a portal service specializing in NFT. At NFTtown, you can see all information including NFT-related news and the status of NFT transactions at a glance. The service provides sections like a gallery (for NFT-related works), a library (for the retrieval of information on NFT producers), and a school (providing NFT-related learning contents) under the premise that users pay visits to “town” for easier access to NFT, which is deemed difficult to deal with. The section NFT Today provides latest news. The service is currently provided through Open Beta at nfttown.io but is to be launched formally in February.Hyosung TNS plans to expand its scope of business based on NFTtown from the existing service centered on ATM to digital asset service including NFT.Specifically, the Company plans to introduce Web3 wallet service that enables using mobile apps exclusively for NFTtown and engage in digital asset transactions after launching NFTtown formally. “We’ll enhance customers’ accessibility to and use of NFT by linking our financial IT operation knowhow to NFTtown. We’ll do what we can to lead others in the invigoration of the NFT market,” Hyosung TNS President SOHN Hyunsik said.Hyosung TNS is striving to establish business alliance with other services for the invigoration of NFTtown including a partnership arrangement made with businesses specializing in block chain Web3.0 and NFT project teams last December.
Hyosung Vice Chair CHO Hyun-sang attended the World Economic Forum session, met with other global business leaders, and vowed to pour efforts into the holding of the 2030 Busan EXPO.Mr. CHO Hyun-sang attended said session after a three-year absence following the one held in 2020. The 53rd session started with a four-night/five-day schedule on January 16 local time. He plans to discuss ways of mutual collaboration with other global business leaders and carry out activities designed to designate Busan as the site of the next expo during the forum.Mr. CHO Hyun-sang plans to work for the “Busan Project” using his Young Global Leader (YGL) network at the Night of Korea event held on January 18 and hosted by the Korea Chamber of Commerce and Industry (KCCI). He had been a YGL at the Davos Forum held in 2007. He plans to meet with many influential global leaders including ex-YGL members and those from the press, cultural circles, and multinationals to ask for their support for Korea’s bid to host the next expo at Busan.Moreover, he plans to discuss ways of business cooperation with CEOs of global businesses. He will also look for an opportunity to discuss Hyosung’s prospects as a global business specializing in the relevant materials at the forum where attendees are expected to discuss matters concerning climate change and carbon reduction. Mr. CHO Hyun-sang has been attending the Davos Forum since 2006, maintaining close links with the other regular attendees. He was selected as YGL at the forum held in 2007. In 2010, he was listed as the only Korean member of the YGL G20 Initiative. At present, he engages in a variety of activities as a leading next-generation business executive and serves as director of Business at OECD (BIAC).
On January 3, the Jeonju plant of Hyosung Advanced Materials Corporation(HAMC) received the grand prize at ‘the 17th Jeonbuk Economic Award’ held by the Jeonju Chamber of Commerce and Industry. Jeonju plant is a carbon fiber production base which HAMC established in 2013. Since then the annual production capacity has reached 6,500 tons upon investment. HAMC has consistently contributed to the local community by taking the lead in creating local jobs through active investment and production at the Jeonju plant."The growth of our plant for the last decade was possible, thanks to the active support and cooperation from local government," said Suh You-Suhk, the plant manager at the Jeonju plant. He also commented that HAMC “will continue to make efforts to fulfill our social responsibility such as creating jobs, practicing ESG management, and delivering donations through continuous investment.”
On February 28, Hyosung provided products made with its own eco-friendly technology to people in Gunbuk-myeon, Haman-gun, Gyeongnam. Said event was participated by five Hyosung affiliates: Hyosung Corporation, Hyosung TNC, Hyosung Heavy Industries, Hyosung Advanced Materials, and Hyosung Chemical. The products provided include T-shirts made with regen, which is recycled polyester yarn (Hyosung TNC); grain dryers made of carbon fiber (TANSOME®) (Hyosung Advanced Materials); food trays made of Polyketone, which is an eco-friendly material (Hyosung Chemical); and PV power generation facility (Hyosung Heavy Industries). Said event was designed for the promotion of win-win cooperation between rural areas and businesses. The items were provided to elementary schools, senior centers, and community centers in Gunbuk-myeon, Haman-gun, Gyeongnam, where Mr. CHO Hong-je, the founder of Hyosung, was born. “I hope that the event will serve as an occasion to awaken those in rural areas to the importance of eco-friendly products,” Hyosung Chairman CHO Hyun-Joon said. Hyosung affiliates are engaging in eco-friendly activities as follows: Hyosung Chemical’s ‘Animal Behavioral Enrichment’ activities for animals protected on the national level carried out jointly with Cheongju Zoo in October; Hyosung Advanced Materials’ program for the preservation of Pogostemon operated with the City of Jeonju; and Hyosung Corporation, Hyosung TNC, and Hyosung Heavy Industries engaging in activities for the preservation of seagrass groves jointly with the City of Geoje.
