HS Hyosung Group said on the 1st that it held a founding anniversary event at its headquarters in Mapo, Seoul, on the 30th to mark the 60th year since its founding and the 2nd anniversary of its establishment.
A total of 429 long-serving employees attended the ceremony. Vice Chairman Cho Hyun-sang of HS Hyosung expressed respect and gratitude to the employees who have driven the company's growth.
Chairman Kim Kyu-young, the first non-"Oner" in Hyosung's 60-year history, said, "On this day marking the 60th year since our founding and the 2nd anniversary of our establishment, we must look back on the time we have passed while once again confirming the direction we must take going forward," and added, "We must deeply engrave the meaning of the slogan 'Value, and together,' and realize an 'overwhelming depth and breadth' to achieve an 'ultra-gap.'"
Kim went on to say, "We must achieve an ultra-gap in every aspect—technology, quality, service, and execution—to build customer trust that 'HS Hyosung is different,'" and added, "Since customers are the starting point of everything we do, we must achieve a 'customer-centered ultra-gap.'"
Vice Chairman Cho, commemorating the 2nd anniversary of the establishment following a partitioning from Hyosung's 60-year-old group, cited "Heritage DNA" as the key phrase to break through the uncertain global business environment head-on. It reflects the will to inherit the tradition Hyosung has built for more than half a century while achieving an ultra-gap in future markets through fundamentals.
As the first step in putting the Heritage DNA spirit into practice, Cho paid respects at the family graves of founder Chairman Manwoo Cho Hong-je and Honorary Chairman Cho Suck-rai. The move aims to revisit the founding spirit of the former chairmen—"industrialization of the nation"—and make it the root that will drive HS Hyosung's new leap.
HS Hyosung is using the 60th year since its founding and the 2nd anniversary of its establishment as a turning point to pursue a new leap for the group. HS Hyosung has strengthened the fundamentals of its existing businesses, including tire cord, carbon fiber, aramid, and airbag materials, as well as digital transformation (AI/DX), mobility, and global supply chain management (SCM).
Since Nov. of last year, it has been pushing its first new business since the spinoff by selecting silicon anode materials for batteries. Recently, it completed the establishment of "HS Hyosung Energy Solution Korea" as a joint venture with Belgium's Umicore and is preparing to break ground on a plant for the new corporation.