HS HYOSUNG announced on July 1 that it held a founding anniversary event at its headquarters in Mapo, Seoul, on June 30 to mark its first anniversary. More than 200 employees, including Vice Chairman Cho Hyun-sang of HD HYOSUNG, attended the event.
At the ceremony, Vice Chairman Cho noted, "The year we achieved is not just corporate activity, but the very essence of entrepreneurship. Everyone here is both a manager and a founder of HS HYOSUNG, and let's carry the Founding Spirit in our hearts and create a greater history ahead."
He continued, "With the technological revolution such as artificial intelligence (AI), the battle for 'depth' will be fierce in the future," and emphasized, "Through the recently strengthened research and development activities, let's create unique value by building unparalleled depth that no one can follow with science, technology, intellectual assets, and our collective intelligence." HS HYOSUNG launched the HS HYOSUNG Comprehensive Technology Institute (HARTI) under Vice Chairman Cho's direction and increased its research personnel by over 30% compared to the previous year during the Hyosung era.
HS HYOSUNG emphasized that it has generated meaningful results since its founding year. HS HYOSUNG projected that its sales and pre-tax profit would grow by more than 25% compared to last year. In particular, polyester tire cords maintain the No. 1 market share globally and are used in one out of every two automobiles.
HS HYOSUNG aims to transition into high-value-added sectors with high growth potential, rather than settling for short-term results. The carbon fiber "TANSOME®," developed in 2011 using proprietary technology, has expanded its production base to Vietnam and China over the past year, centered around its Jeonju plant. TANSOME is widely utilized in aerospace, AI, defense, and shipbuilding, along with aramid fiber "ALKEX®," to meet increasing global demand. Additionally, HS HYOSUNG is exploring business models in future advanced materials, AI and data management, and environmentally friendly materials.
Vice Chairman Cho stated, "The vision of HS HYOSUNG is to create value that enriches humanity based on intellectual assets and collective intelligence grounded in science and technology," adding, "This philosophy serves as the core of management that constantly pursues long-term sustainability beyond short-term profits and aims for victory and healthy organizational operation."