A Brief History of Business

Hyosung wins King Sejong Award 2022 from the Korean Intellectual Property Office (KIPO)
Hyosung announces its support for TCFD in effort to cope with climate change
Hyosung TNC Commercializes World’s First Bio-based Spandex
Chairman Hyun-joon Cho wins ‘CEO of the Year Award’ from KMA

Launched ESG Management Committee
Hyosung acquired Hyosung Transworld
Hyosung wins 22nd 'Rewarding Veterans and Patriots Culture Award'
Hyosung, Hyosung Advanced Materials receive Carbon Management Honors Club and Carbon Management Sector Honors

Hyosung Advanced Materials awarded the best grade by CDP for global efforts to cope with climate changes
Hyosung ITX Joined Forces with SAP Korea to Deliver Next-Gen Smart Factory Solutions
HYOSUNG certified anew as exemplary entity in provision of support for culture/arts
Hyosung Heavy Industries to build Korea’s first liquefied hydrogen station in Samcheok
Hyosung Advanced Materials, Ulsan City sign MOU for investment in expansion of Aramid factory
Signed an MOU with the Linde Group for liquid hydrogen business

Hyosung TNC participates in SaigonTex 2019
Hyosung Heavy Industries participated in GRIDTECH-2019 in New Delhi, India
Hyosung Heavy Industries conducted the sale of Cheongryangri Station Harrington Place
Hyosung Chemical held the 1st shareholders' regular general meeting
The Class Hyosung signed an MoU with Citibank
Hyosung Heavy Industries joined Hydrogen Energy Network (HyNet), an alliance of hydrogen charging station businesses
Hyosung TNC participated in 2019 Daegu International Textile Fair (PID, Preview in Daegu)
Changwon Plant received the Plaque of Appreciation from Changwon City for social contribution
Hyosung TNC participated in 2020 S/S Première Vision
Hyosung Chemical held Corporate Day in Singapore and Hong Kong
Hyosung ITX commercialized the AI Chatbot customer service center
Hyosung Heavy Industries won Green Energy awards at Korea Green Car Awards
Hyosung Information Systems Opens Data Center Solution Demonstration Center

Hyosung Advanced Materials established a new tire cord production corporation in Vietnam
Hyosung TNS received a citation from the Mayor of Gangnam-gu for superior volunteer work.
Hyosung ITX established voice recognition counseling support system for CJ Hello.
'Prizma' of Hyosung received 2018 IR52 Jang Yeong-sil Award
The joint IR session Corporate Day was held
Governor Yuan Jia Jin of China's Zhejiang Province visited the head office of the Hyosung Group
Supported the job creation for women and physically disadvantaged persons
The holding company and 4 other companies were spun off
Hyosung R&D Business Labs acquired new technology certification for its brightness enhancement film
Hyosung joined the 2nd Korea-India Business Summit
Hyosung TNS received a citation at Disability Employment Promotion Conference 2018.
Song In-sang was selected as the key individual to be remembered for February.

Chairman Hyun-Joon Cho was inaugurated.
Nautilus Hyosung Gumi Plant signed the tripartite CSR agreement.
Changwon Plant attained the highest level in the Korea Occupational Safety & Health Agency's ‘Win-Win Cooperation Program.’
Hyosung Harrington Square was completed near Gongdeok Station.

The Industrial Machinery Performance PU became the first in Korea to develop the 15MW water-turbine generator.
The Interior PU completed the construction of the Qingdao Plant in China.
Received the grand prize in the science and technology research category at ‘Jung Jin-ki Media-Culture Award’
Received the Minister of Land, Infrastructure and Transport's award at Green Construction Industry Awards
POK Business Team acquired the automotive quality management system certification.
Hyosung GoodSprings PU received the Minister of Trade, Industry and Energy's citation.
50th anniversary of Hyosung Group
Received the Prime Minister's citation at Korean National Sharing Awards 2016
Received the Minister of Trade, Industry and Energy's Climate Week award for ‘its contribution to reducing greenhouse gas emissions’
Hyosung ITX Co., Ltd. received the Minister of Gender Equality and Family's award for excellence in Work-Life Balance.
Its operating profit in 2016 exceeded KRW1 trillion and the company subsequently joined the ‘KRW1 trillion Club.’

Opened the company pre-kindergarten in Changwon Factory and Head Office in Mapo.
Selected as ‘The Excellent supporter of Culture and Art’ by the Ministry of Culture, Sports and Tourism.
Established ‘Creative Economy Supporting Team’
Hyosung ITX Co., Ltd. received the Bronze Towel Order of Industrial Service Merit in recognition of its contribution to job creation.
Hyosung Information System PU became No. 1 in the high-end storage market.
The Mapo headquarters and Changwon Plant opened employer-supported childcare centers.
Signed the MOU for the Baegun Knowledge & Culture Valley urban development project
Signed the MOU for supporting the fostering of industries specialized for Jeollabuk-do
Opened the Carbon Business Incubation Center in Jeonju
Acquired Best Family Friendly Management Certification in 2015

Power Systems PU supplied 100Mvar STATCOM(Static Synchronous Compensator) to Shinsungnam Substation.
Spandex PU acquired the certificate of ISO/TS 29001 for the first time in Korea.
Hyosung GoodSprings completed the largest ‘pump test center’ in the world.
Industrial machinery PU supplied the 1st CNG re-filling center for taxi in the country.
Power Systems PU took the order of substation amounting to US$ 100 million from Algerian Power Authority.
Power Systems PU completed photovoltaic power plant in Mozambique and supplied electric power.
Extended Spandex Factory in Vietnam.
Built Polyketone factory.
Construction Sector exceeded 1 trillion KRW in order value.
Acquired the certification of HS90 new-recycled energy equipment for wind force generator in 2MW from DEWI-OCC, Germany.
Acquired the international certification for maritime wind force generation system in 5MW for the first time in Korea.
Opened ‘Some Sevit’, the waterside cultural space at Han River.
Established Jeonbuk Creative Economy Innovation Center.
Won the prize of 2014 Korea Technical Grand Prize for high performance carbon fiber TANSOME®.

Launched brand of carbon fiber TANSOME®
Industrial machinery PU acquired the certification IECEx Service Facility.
Hyosung R&C Center acquired the certification of hollow fiber membrane, membrane module in pressurized type.
Completed carbon fiber factory in Jeonju.
Participated in industrial innovation movement 3.0 to conclude the agreement of contributing fund for accompanied growth.
Neochem PU won the prize of '2012 Global Preferred Supplier'
Packaging PU launched new beverage products (Jung Foods Vegemil, Green Tea, soybean milk latte, etc)
ESS(Energy Saving System) business won the Prize of ‘2013 Frost & Sullivan Korea Award Products Strategy’
Won the prize of 'Chairman of Health and Welfare Committee in National Assembly' in the 1st Korea Sharing Happiness Social Contribution Prize.
Packaging PU launched new beverage products (2 new products of Aroma of Green Tea and Genuine Corn Hair Tea of Paris Baguette)
Medical service team 'Smile Expedition' enforced service activity in Vietnam Factory(Nhon Trach, Dongnai Province)
Textile PG was selected as 2013 Great Work Place in Korea enforced by KMAC(Korea Management Association Consulting)
Industrial machinery PU concluded the agreement of electric motor of pump for seawater desalination of PJT in the 3rd stage of Yanbu with Dorishima Manufacture in Japan.
Established the 1st Goodwill Store, a social business.
Developed ‘Polyketone’, the new materials of polymer.
Gumi factory acquired the PSM 'P' grade for 2 consecutive years.
Won the prize of Minister of Education in 2013 Korea Educational Donation.
Power Systems PU acquired the certificate of '2013 global top products' for gas insulation switch.
Took the order of ‘membrane water purification system’ for water quality improvement business from Jeollanamdo.
Tire & Industrial Reinforcement Materials PU acquired the certificate of internationally circulated carbon labeling.
Yongyeon Factory held groundbreaking ceremony for propylene factory.

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 1kW 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'

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

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

Declared the Hyosung Way
Built aramid fiber plant
Built TAC film plant
Established Hyosung Toyota Corporation
Signed MOU to build power generation and wind turbine plant with Korea Southern Power Co.
Received international certification for 750kW gear-type wind turbine(DEWI-OCC, Germany)
Xanadu polyester fibers 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)

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

Production started by Neochem PU at Yongyeon Plant.
PP 'R200P' for piping selected as World-Class Product by Ministry of Commerce
Founded subsidiaries in US and Brazil
Polyester-based electricity-conducting yarn conjugate spinning technology certified as new technology by Ministry of Science and Technology
Acquired Dongguk Trade’s plant in Zhuhai
The Class Hyosung Co., Ltd. ranks #1 in customer satisfaction for 3 consecutive years
Built spandex plants in Turkey
Cumulative production of circuit breakers reached 10,000
Started conservation of Kim Gu’s refuge historical heritage site in China
Signed contract to acquire Star Lease Co., Ltd.
Built tire cord plant in Vietnam
Built Photovoltaic power plant in Miryang
Released recycled-fiber Mipan Regen

Introduced brand management system
Acquired China’s Nantong Transformers Co., Ltd
Acquired part of Germany’s Agfa Photo’s property
Successfully developed Korea’s first wind turbine power generation system
Selected as the ’Most Respectable Company’ for three consecutive years
Erected Founding CEO Hong-Jai Cho’s statue in DongYang Mirae Univ.
Built steel cord plant in Nanjing, China
Celebrated 100th Anniversary of Founding CEO Hong-Jai Cho’s birthday
Signed $32 billion contract to supply tire cords
Acquired four plants from Goodyear
Launched gaming business with Hyosung CTX

Built nylon film plant in Jiaxing, China
Built transformer plant for Baoding Hyosung Tianwei Transformer Co., Ltd. in China
Built nylon film plant in Gumi
Hyosung Information System received Minister of Information and Communication Award
Signed long-term contract with Michelin worth $650 million; acquired local plant
Polyester PU received ISO 9001, ISO 14001 certifications
Built China’s first 750kV transformer substation
Received Prime Minister’s Award for Excellence in Training and Education

Earned the TPA PU ISO 14001 certification (Yongyeon Plant)
Work for the spandex Plant in Zuhai, China completed.
Work for expansion of the nylon film Plant in Gumi completed.
Work for the transformer Plant in Baoding, China completed.
Introduced garment yarn nylon 66 Zenio onto the market.
Work for expansion of the spandex Plant in Gumi completed.
Signed a supply contract for 750kV switchgear with Northwest Street Power Grid Corp, China.
The Tire Cord Plant in Jiaxing, China completed.
Introduced Ion-free, PTT carpet (Interior PU)
Earned the ISO/TS 16949:2002 certifications (Eonyang Plant)
ISO 9001:2000, ISO/TS 16949:2002,
Earned the ISO 9001:2000, ISO/TS 16949:2002, ISO 14001:1996 certifications (Nylon Fiber PU).
Developed Mipan Nano Magic Silver.
Hyosung Dryvit changed its name to Hyosung Innotech inc.

Yarn for nylon 66 airbag was developed.
Ulsan Plant obtained the ISO/TS 16949:2002 certification for Tire & Inductrial Reinforcements PU.
Hyosung Steelcord(Qingdao) Co., Ltd was established in Qingdao,China.
Boading Hyosung Tianwei Transformer Co., Ltd was established in Huabei Province, China.
The Class Hyosung Co., Ltd., an import car sales corporation, was established.
Silver fiber "Mipan Magic Silver" was developed.
Hyosung Spandex(Guangdong) Co., Ltd was established in Guangdong Province, China.
Hyosung Film(Jiaxing) Co., Ltd was established in Zhejiang Province, China.

Hyosung Computer PU and Hyosung Data System were merged into Nautilus Hyosung Inc.
Took over the tire cord Plant of Michelin in Scotsville, U.S.A.
Made a long-term supply contract for tire cords with Michelin.

Took over Tele Service.
Adopted ERP.

Expanded polyester tire cord plant
Tookover the Bridge Solution Group, Hongjin Data System and the Aegis Venture Group.
Hyosung Spandex(Jiaxing) Co., Ltd was established in China.

Expanded the Gumi Spandex Plant

Hyosung T&C, Hyosung Corporation, Hyosung Living Industry and Hyosung Industries consolidated into Hyosung Corporation
Realigned organization into 5 Performance Groups and 31 Performance Units

Established Hyosung EBARA Engineering Co., Ltd.
Established Hyosung Finance Co., Ltd.
Completed the Beijing Computer Plant
Completed the Cheongwon Home Carpet Plant
Textiles PG received ISO 9001 certification
Information & Communication PG received ISO 9001 certification

Changed the name of Tongyang Nylon to Hyosung T&C Co., Ltd.
Changed the name of Tongyang Polyester to Hyosung Living Industry Co., Ltd.
Established Hyosung VINA in Vietnam
Increased PP capacity from 110,000 tons to 230,000 tons
Started polyester film business
Reached \1 trillion in sales
Established the nylon film plant in Daejeon
Hyosung Living Industry received ISO 9001 certification for all its products
Power & Industrial PG received ISO 9001 certification for all its products

Completed the Daejeon Tile Carpet Plant
Completed Gumi Plant II (fabric)
Inaugurated 21st Century Committee, Second Wave Business Launch Committee

Established Hyosung Information & Communications Co., Ltd.
Completed the Jochiwon Plant
Selected for Excellence in Construction by Ministry of Transport, Civil Engineering and Tourism

Head office building moved to Kongduk-dong, Mapo-gu, Seoul
Developed PREMO, a wastewater treatment microbe product
Received ISO 9001 certification for 4 product lines, including ultra high voltage (UHV) transformers, circuit breakers, and motors