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 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.
Hyosung TNC disclosed that it will introduce the eco-cooler bags made by Hyundai Department Store using Regen® (eco-friendly recycled fiber) starting May 27. Hyundai Department Store selected Regen, whose eco-friendliness and quality have been recognized, for the premium daybreak delivery service provided by its To Home Mall where eco-cooler bags are to be used. “We and Hyundai Department Store have come to work together to introduce cooler bags that reflect the recent trend for eco-friendliness, seeing the increase in the number of ‘meaning-out’ consumers (referring to those willing to reflect their belief and value to consumption),” a Hyosung TNC official said.Consumers may purchase To Home’s cooler bag made with Regen when ordering food, and the bag can be used several times. “This has been a case of applying eco-friendly fiber goods in people’s daily lives beyond fashion goods. We plan to work with many other brands as part of our effort to keep up with the eco-friendly trend,” Hyosung TNC president Kim Chi-hyung said.
Hyosung provided the Mapo Scholarship Foundation with 20 million won in scholarship fund for youths from less privileged households in Mapo-gu, Seoul on May 17.Hyosung has provided a total of 160 million won in scholarship fund for youths in Mapo-gu since 2015. The support fund will be distributed to students with good school records and talents in entertainment/sports selected by said foundation. Hyosung also engages in social contribution activities under the motto “We will share what we have,” including the following: support provided to the Purme Foundation’s program designed to help disabled children going through rehabilitation programs; and presentation of a truck for carrying goods to be donated to needy people to the Eunpyeong Branch of Goodwill Store in Seoul.
CEOs of the Hyosung Group announced on April 28 their commitment to ESG management at the 19th CEOs Ethical Management Oath Ceremony held at Finland Tower in Seodaemun-gu, Seoul, hosted by the BEST ESG Forum. At said ceremony, the CEOs of five affiliates—Hyosung Corporation as the holding company, Hyosung TNC, Hyosung Advanced Materials, Hyosung Heavy Industries, and Hyosung Chemical—renewed their resolve to do their best to place priority on the following: ▲putting carbon neutrality into practice; ▲working together for the realization of social values; ▲ working together to spread the ESG culture throughout the industries; and ▲building a better society and a better environment for the future generation. ″Ethical management is not a matter of choice, and we all should set it as the basis of corporate management. I′ll lead others in the realization of SDGs through ESG management,″ Hyosung CEO & Vice Chair Kim Kyoo-young vowed. The Hyosung Group has consistently run programs for the voluntary observance of the rule of fair transactions as part of ethical management. Top managers have renewed their commitment to ethical management at every available opportunity including Ethical Management Oath of the CEOs, declaration of their willingness for voluntary observance of the rule of fair transactions, BIS summit anti-corruption oath, etc. The group has also come up with the code of ethics and guidelines for putting it into practice and held educational sessions for employees concerning ethical management and fair transactions. The BEST ESG Forum run by the Institute of Industrial Policy Studies (IPS) is a private forum launched in March 2003 to foster an ethical corporate culture in industries and spread ethical management. It holds said oath ceremony every year in an effort to have ESG management established as a solid culture. The accumulated number of those who have attended the ceremony comes to about 1,120 from 420 businesses. This year alone, 140-plus business people and those from social/academic organizations attended the ceremony.
Hyosung strives to help the disabled get back their beautiful smile through the dental service on wheels. On April 27, Hyosung donated KRW 20 million to a program designed to provide support for dental service on wheels for the disabled by paying a visit to Nexon Children′s Rehabilitation Hospital run by the Purme Foundation in Sangam-dong, Mapo-gu, Seoul. The donated fund is to be spent for dental service and oral health education on wheels. This year, Hyosung and the Purme Foundation will work together to provide said service for the 310-plus disabled at welfare facilities. Hyosung started to provide dental service on wheels such as this to the disabled in 2017. Hyosung engages in a variety of social contribution activities designed to help the disabled with rehabilitation. They include support for operation of barrier-free cinemas for the disabled and provision of support fund for Onnuri Sarang Chamber Orchestra, etc.
Hyosung TNC launched T-shirts and socks of Musinsa standards made of regen on the occasion of Earth Day (April 22). This is an item launched for the first time in Green Line, the first eco-friendly apparel series of Musinsa standards as a modern basic casual wear brand. Last January, Hyosung TNC signed an MOU with Musinsa for the joint development of eco-friendly apparel. The T-shirts and socks launched this time feature popular design, diverse colors, eco-friendliness, and reasonable prices. Consumers, especially who have had difficulty accessing eco-friendly fashion goods, are expected to be attracted easily to these fashion goods, which will play a leading role in the popularization of eco-friendly fashion trends. ″The cooperation between the two businesses will lower the barriers to entry to eco-friendly apparel, and it will result in the popularization of conscious fashion. We intend to work with many fashion brands and local governments to make regen known more widely,″ CEO Kim Chi-hyung of Hyosung TNC said, commenting on the newly introduced items. Hyosung TNC plans to introduce many regen products, aiming for the winter season in cooperation with Musinsa. Meanwhile, Hyosung TNC supplies functional fiber like aeroheat and askin to Musinsa standards as part of the effort for the joint production of popular items such as heatandard with heating function and cooltandard with cooling function.