Various stories of activities brought to you by Hyosung TNC
Hyosung TNC has started working with TOPTEN, the No. 1 SPA business in the country, for the joint development of eco-friendly products. On March 8, the Company signed an MOU with TOPTEN for said undertaking in a ceremony held at the headquarters building of Shinsung Tongsang in Gangdong-gu, Seoul, with Hyosung TNC President Kim Chi-hyung and Shinsung Tongsang Chair Yeom Tae-soon in attendance. The two businesses′ decision to work together for the development of good-quality eco-friendly products with reasonable prices came following the increase in such goods particularly among the MZ generation. Under said MOU, Hyosung TNC will develop/supply diverse eco-friendly materials using Regen®, which is polyester fiber made of recycled transparent PET bottles. For its part, TOPTEN will introduce a collection of cost-effective, eco-friendly clothes using it, including activewear like Balance. Hyosung TNC also intends to help TOPTEN introduce a variety of cost-effective, eco-friendly clothes through the joint development of new products using Regen® and by providing eco-friendly fashion ideas to TOPTEN. ″We are playing the leading role in fashion markets both in and out of the country through eco-friendliness, fully taking advantage of the merits of our Regen® and working with local governments as well as the relevant fashion brands. We will continue making similar efforts by making eco-friendly products easily accessible to consumers through positive cooperation,″ Hyosung TNC President KIM Chi-hyung said, commenting on the matter. For his part, Shinsung Tongsang Chair Yeom Tae-soon noted that TOPTEN and Hyosung TNC have worked together to develop eco-friendly materials and functional fabrics. ″We have been able to improve our main line of products like OnAir, CoolAir, and Balance. Through the MOU signed this time, the two businesses will engage in further R&D of new materials/eco-friendly products to make better apparel and meet consumers′ desire for value-based consumption,″ he added.
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Hyosung donated 300 million won on August 16 to the Korean Red Cross for flood victims in the Central Area. The donation was put together by Hyosung Corporation as the holding company of the Group, Hyosung TNC, Hyosung Heavy Industries, Hyosung Advanced Materials, and Hyosung chemicals. Hyosung asked the Korean Red Cross to spend the money for flood victims in Seoul, Gyeonggi-do, Gangwon-do, and Chungcheong-do and for the rehabilitation of the affected areas. Commenting on the matter, Hyosung Chairman Cho Hyun-joon expressed hope that the donation could give some consolation to the flood victims. Hyosung donated another 300 million won for victims of the fire that occurred in Gangwon-do last March. In 2020, it donated 500 million won in support of efforts to overcome COVID-19.
On July 19, Hyosung donated KRW 100 million to be used for a program of providing new homes to war veterans during a paid visit to the ROK Army Headquarters in Gyeryong-si, Chungnam. This program is meant to express gratitude to Korean War and Vietnam War veterans for their sacrifice for and devotion to the country. For this program, in which the ROK Army Headquarters plays a leading role, Hyosung builds new homes or repairs old homes for war veterans experiencing financial difficulty with the involvement of the private sector and the government agencies. They also support the housing rents to those eligible to be basic livelihood security recipients for up to two years among those of national merit.Hyosung has provided financial support for this program since 2012. Their donation, along with those from other businesses, will be spent on improvement of the living environment of a total of 12 veterans and finding rental houses for more than 100 veterans. In 2021, donations like this were spent on improvement of residences for a total of 16 Korean War veterans and finding rental homes for 98 war veterans. Hyosung pursues in earnest social contribution activities based on three themes of support for the underprivileged, culture & arts, and war veterans of national merit under the slogan “We will be with you through the spirit of sharing.” Last June, Memorial Day-Month, Hyosung employees paid a visit to the 1st Corps, the ROK Army, and delivered solatium while they engaged in voluntary activities for cleaning the graveyards of the Seoul National Cemetery.
On July 18, Hyosung distributed five-hundred 20kg sacks of rice to those in need in Mapo-gu, Seoul.The sacks of rice distributed as part of Hyosung’s ‘Rice of love’ campaign will be delivered to a total of 500 households with the support of the Mapo-Gu Office. This is part of the charitable campaigns carried out by Hyosung twice a year for the past 17 years since 2006 for those in need in Mapo-gu, Seoul.Hyosung has purchased the sacks of rice from the Gunbuk Agricultural Cooperative in Haman-gun, Gyeongnam, which is Hyosung’s affiliated village. It could be said that Hyosung kills two birds with one stone by helping farmers sell their harvested rice and distributing good-quality rice to residents of Mapo-gu. Hyosung strives to provide support for the underprivileged class under the slogan “We will be with you through the spirit of sharing.” Last June, Hyosung provided support funds to the Eden Welfare Foundation, a social enterprise striving to find jobs for those with disabilities, and daily necessities and concert tickets to senior citizens of national merit through the Nambu Branch of the Ministry of Patriots and Veterans Affairs.
The country’s leading eco-friendly recycled fiber Regen® has been transformed into sneakers through the recycling of PET bottles.On July 15, Hyosung TNC announced that it has produced a thousand pairs of sneakers made in cooperation with Muji and LAR.These sneakers are a result of a project carried out to introduce customized goods for greensumers (consumers adopting eco-friendly consumption patterns) with the participation of leading businesses specializing in eco-friendly fiber (Hyosung TNC), eco-friendly lifestyle (Muji), and eco-friendly footwear (LAR), leveraging each of their strengths.Regen sneakers were made with 16,000 PET bottles collected at Muji and LAR stores. To make a pair of sneakers, you need Regen (which is ecofriendly fiber made by Hyosung TNC) equivalent to seven 500ml PET bottles. Regen sneakers are sold at the Muji pop-up store in Lotte World Mall and on/ offline LAR stores, starting July 15. Commenting on the matter, Hyosung TNC President Kim Chi-hyung said, “We anticipate more things to come from Regen sneakers. With this product made in collaboration with businesses representing eco-friendly fashion, this occasion serves as an opportunity to further propel the eco-friendly movement. We intend to provide valuable eco-friendly products through cooperation with diverse businesses.”
Hyosung donated KRW 20 million to the Eden Welfare Foundation, a social enterprise in Paju, Gyeonggi-do dedicated to job creation for those with disabilities, to contribute to improving its facilities. The funds will be used to replace the production equipment as part of the occupational rehabilitation facilities for the disabled members of the Eden Welfare Foundation and to improve the outdated work environment. It is expected to help create jobs for those with disabilities and keep them employed, as well as reduce the risk of safety accidents with the replacement of outdated production facilities. In addition, Hyosung plans to donate around 1,200 units of old electronic devices to the foundation to support its ComBridge (Computer + Bridge) Project, which aims to collect discarded electronic devices including computers, laptops, printers, and scanners to take apart for recycling and to hire eligible beneficiaries for the jobs created in the process. So far, Hyosung has donated around 8,300 units of electronic devices in disuse. Hyosung has also donated around KRW 240 million in total to the foundation for 9 years since 2014. A total of 133 people with disabilities currently work at the foundation, making standard plastic garbage bags and advertising materials. Under the social contribution vision “Sharing for co-prosperity”, Hyosung is making concerted efforts to help those with disabilities live an independent life. As part of this, we have been working together with the Purme Foundation to help children with disabilities in rehabilitation and children with developmental disorders receive dental treatment and care.
Hyosung personnel paid a visit to 1st Corps (Gwangaeto Corps) of the ROK Army on June 8 and delivered solatium worth 44 million won.Said solatium will be spent for the troops’ welfare. Back in 2010, Hyosung forged sisterly ties with said corps defending the north of the Seoul area and the western front. Since then, those from Hyosung have paid a visit to said corps every year, delivering solatium and providing a reading café as well as sports items and laundry machines for the troops.Meanwhile, Hyosung employees engaged in voluntary activities of cleaning the graveyards of the Seoul National Cemetery on May 25 ahead of June as the Memorial Month. This month, Hyosung, along with the Seoul Nambu Branch of the Ministry of Patriots and Veterans Affairs, plans to deliver “Daily Necessities of Love” to the bereaved families of veterans living in poverty.