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Modern People’s Leisure: Hobbies

As the importance of work-life balance grows, and the implementation of a 52-hour workweek takes effect, the number of people investing in hobbies and self-improvement has steadily increased. People enjoy leisure activities, from reading and watching movies to exercising, playing musical instruments, and taking various hobby classes. After the COVID-19 pandemic, people resumed activities they had put on hold. A recent survey revealed that more than 75% of respondents engage in self-development activities regularly. The most popular investment areas are sports and fitness, such as gym workouts, hiking, fishing, and golf, followed by language learning, financial management, culinary exploration, cultural activities, computer skills, music, photography, and fashion. Hobby Economy: Hobby Enthusiasts As the number of people engaging in hobbies grows, attitudes toward leisure activities have significantly changed. In the past, many people enjoyed common hobbies like listening music, reading, and watching movies. However, nowadays, people are exploring in a wide range of hobbies and leisure activities. They are indulging in these activities and investing in enhancing their hobby experiences, willingly spending money on lessons, clubs, and online or offline classes. In pursuit of enjoyment, some have begun leveraging their hobbies for financial gain or supplemental income, while others aim to enhance their skills for future retirement plans. To fully immerse themselves in their hobbies, enthusiasts willingly invest in classes, participate in clubs or gatherings, and purchase high-end equipment giving rise to what is known as the "hobby economy." This economic aspect goes beyond mere enjoyment of hobbies, as individuals find ways to generate income through various means. For instance, they may sell knitted items, create and sell artwork for emoticons or daily cartoons, or monetize hobby-related content by uploading it to social media platforms. By exploring these divers avenues, hobbies have evolved into more than just source of enjoyment, now providing individuals with a path toward economic independence. Hyosung's Technology in Your Leisure Activities Hyosung's technological expertise extends to various hobbies modern people enjoy. One of the most beloved hobbies today is fitness. Whether engaging in leisure activities like camping, hiking, fishing, and surfing or participating in exercise routines such as gym workouts, Pilates, and yoga, Hyosung's technology is embedded in outdoor and athleisure wear. Specifically, Hyosung TNC’s CREORA® Spandex, which holds the highest global market share and boasts world-class quality, is incorporated into these garments. Furthermore, Hyosung has succeeded in developing regen Bio-based Spandex, a biofiber made from environmentally friendly raw materials from corn. As well as outdoor hobbies, Hyosung’s technology is used at home as well. YouTube, various dramas and movies, and even a shows available on OTT platforms all require devices to access. TAC film from Hyosung is essential for the displays of smartphones, tablets, and TVs that display these visual contents. Hyosung Chemical makes it possible to produce TAC film domestically, a crucial material for displays that filters light and protects the polarizing plate. In addition to sports activities, financial management is another area of great interest for people these days. As the importance of work-life balance grows, more people are pursuing economic freedom and a lifestyle not constrained by leisure time. It is becoming more common for young people to invest in various fields, and one of the hottest trends in financial management is non-fungible tokens (NFTs). High-priced art investments were once considered exclusive to the wealthy, but the landscape of art investing has changed. Nowadays, group purchase of artwork and investment in art-based NFTs have emerged as accessible means of financial management. Hyosung is at the forefront of this trend, offering a platform that facilitates NFT transactions. Through its subsidiary MetaGalaxia, Hyosung ensures fair compensation for content copyright holders while providing buyers with opportunities to access divers items and investment prospects across various fields items. The COVID-19 pandemic has transformed attitudes towards hobbies, with Generation Z becoming the primary consumer group. Consumption patterns have evolved, as well as the way people approach hobbies. In today's market, consumers prefer spending money on items that align with their values instead of mainstream products. It is important for them to invest in their passions and fully devote themselves to them. Hobbies are no longer considered a luxury, giving rise to a new trend where people not only consume their hobbies but also generate income from them. Despite the rapidly changing landscape of hobbies and consumption trends, one constant remains: Hyosung's technological prowess. One constant amidst rapidly changing trends in hobbies and consumption is Hyosung's technological prowess, which permeates various aspects of leisure activities. This technology enables us to enjoy our hobbies more freely and immerse ourselves in our leisure activities, whether it’s through active wear, NFT platforms, Sevit Island, or display devices. Despite persistent challenges such as global recession, war, pandemics, and inflation, Hyosung's technology provides people with the opportunity to pursue their unique personalities and seek happiness. Hyosung's technological prowess will continue to work diligently today, tomorrow, and beyond in supporting this pursuit.



Trends and the Future of Pop-Up Store

A growing number of consumers discover and explore pop-up or flagship stores through social media, especially for brands that are expanding or already have a significant presence. A pop-up and flagship store have become the most popular way for brands to showcase themselves. In particular, pop-ups have caught the attention of Generation Z, who expect distinctive elements, exceptional experiences, visually appealing content and enjoyable interactions. A pop-up store refers to a temporary retail space that operates for a short duration, much like a 'pop-up' window that appears and disappears from an internet webpage. Unlike a regular store that consistently sells products or services in a fixed location, a pop-up store is only open for a brief period, often used to establish a brand's identity with customers and promote it, especially during the launch phase of a new brand or product. On the other hand, a flagship store serves as the ultimate representation of a brand. Just as a flagship leads a fleet of ships with its command center, a flagship store leads the brand's identity and sets the standard for the rest of the retail outlets. It exemplifies the brand's personality and image through carefully crafted interiors and experiential spaces, perfectly aligned with the brand's identity. The Z Generation's Fascination with Pop-Up Stores South Korea, a global internet powerhouse, has a highly active online distribution system. Combined with fast delivery services, this has led to significant changes in the distribution network, weakening traditional retail structures. Retailers have been closing their stores in droves, from small offline shops to large corporations, including department stores and franchises. The prolonged social distancing due to COVID-19 has further accelerated the decline of traditional retail structures, resulting in a noticeable increase in vacant stores. However, pop-up stores remain popular and are increasingly used by various brands as active retail establishments for online and offline marketing. Originally conceived as a means for new brands or products to gauge customer responses and establish brand identities, pop-up stores have evolved into experiential venues and playgrounds for the Z generation, rapidly proliferating. For the Z generation, who share their favorite locations on social media, trendy pop-up stores have become spaces where unique interiors, photo zones, experiences, and attractions converge, elevating their appeal as "Instagrammable" destinations. Nowadays, department stores and shopping malls have started designating specific areas for pop-up stores, recognizing their popularity. Even convenience stores and supermarkets have joined the trend of pop-up marketing. Brands from various fields, including fashion, beauty, food and beverage, gaming, and furniture, now operate pop-up stores. From the US to the Metaverse: The Evolution of Pop-up Stores Pop-up stores were born in the early 2000s when Target, a prominent American discount retailer, opened a temporary storefront after being unable to secure a permanent location. In Korea, this concept began modestly, with products sold atop makeshift stands with minimal interior decor, evoking the humble and sparse feel of a discount stand. KUHO, under the aegis of Cheil Industries, unveiled the first pop-up store in Korea in 2009, sparking a trend that has since proliferated into the phenomenon we see today. As temporary showcases for new products, pop-up stores have evolved into multifaceted cultural spaces and playgrounds for the Z generation. They enhance brand awareness and provide unique experiences. Many sectors operate pop-up stores today, including groceries, furniture, information technology (IT), convenience stores, fashion, beauty, finance, and gaming. The popularity of these stores has been further enhanced by the emergence of pop-up stores associated with K-POP celebrities like BTS, New Jeans, and TWICE. The rise of metaverse pop-up stores is another example of innovation replicating their real-world counterparts or existing only in the metaverse. The popular metaverse game ZEPETO offers pop-up stores comparable to offline stores in reach. Hyosung’s Various Pop-up Stores Hyosung has been a forerunner in deploying various pop-up stores across its diverse business segments and plans to continue this trend in both online and offline domains. In addition to the MUJI collaboration, Hyosung organized the eco-friendly 'Filter' store. The MUJI pop-up store, which debuted on April 15th at Lotte World Mall, showcased 'Regen Sneakers,' a product of collaboration between Hyosung TNC, MUJI, and LAR. The limited-edition eco-friendly 'Regen Sneakers,' developed by Hyosung TNC, an eco-friendly textile producer, MUJI, a proponent of an eco-friendly lifestyle, and LAR, an eco-friendly shoe manufacturer, were produced in only 1000 pairs. These sneakers were exclusively created for the pop-up store and are available for sale there. Another remarkable pop-up store organized by Hyosung took place in Jeju. The Filter, a pop-up store and eco-friendly exhibition held at the Iho Tewoo Beach in Jeju in collaboration with Jeju Special Self-Governing Province and Jeju Tourism Organization, with Hyosung TNC. The store featured various attractions, including a photo zone adorned with a large backdrop of Regen Jeju, an eco-friendly fiber developed by Hyosung TNC. Additionally, the pop-up space offered bags crafted from recycled materials. The showcased bags, made from clothes donated by NIKE and Hyosung's Regen, received a positive response. After that, Hyosung Advanced Materials organized an eco-friendly art contest and a pop-up store called 'HYOSUNG creative.lab'. This unique pop-up store showcased the winning works that best represented the core technologies and products, and eco-friendly vision of Hyosung Advanced Materials. It also featured collaboration with fashion brands, displaying and selling clothing, bags, and Hyosung brand merchandise. To enhance the overall experience, Hyosung Advanced Materials offered live DJing and cafe services. Combining the location's advantages with the eco-friendly mega-trend, Hyosung Advanced Materials successfully introduced itself to trend-sensitive Z generation at the MUSINSA Terrace in Seongsu-dong. At five of the Hyundai Department Store's locations, HYOSUNG creative.lab had the opportunity to collaborate and organize pop-up stores. It started at Hyundai Department Store Mokdong, continued to Cheonho, D-Cube City, Jungdong, and concluded at Hyundai Daegu. A theme of the pop-up stores, jointly presented by Hyosung Advanced Materials and Hyundai Department Store, was "Discover New Safety and Comfort through Future Materials. There were 48 art contest winners on display at the Seongsu pop-up store on Musinsa Terrace as well as fashion collaborations between Kang Hyuk and Hyosung Advanced Materials as part of the exhibition. In addition to upcycled aramid fire suits from the eco-friendly brand 119REO, the exhibition featured modernized versions of Hyosung Advanced Materials' seat belts and carpets. Hyosung Advanced Materials also participated in OOPSEOUL, an online and offline visual art festival organized by Axoo, a global visual artist platform. At OOPSEOUL, Hyosung Advanced Materials hosted an inflatable art exhibition and an exhibition on future materials, and based on the enjoyment of visual art, Hyosung Advanced Materials aimed to visually showcase, tell stories, and build empathy with the public about Hyosung Advanced Materials' future materials. Hyosung is committed to organizing various pop-up stores in the future, swiftly and accurately embracing trends, and fostering quick communication and intimacy with customers through diverse methods and venues. Just as Hyosung has already introduced a digital showroom for the Metaverse Hyosung Group, they plan to operate pop-up stores wherever they can engage with customers, without distinguishing between online and offline spaces. Hyosung strive to create more meaningful and trendy pop-up experiences. Pop-up stores initially served as a marketing tool for new brands and products, enabling market research and demand analysis during product launches. However, contemporary pop-up stores have evolved into cultural hubs that allow customers to experience the values and identity a brand represents rather than merely promoting a brand or product. Pop-up stores, transcending virtual and physical realms, have begun to shape new distribution structures and drive trends and culture while continuously evolving and growing. Hyosung operates pop-up stores that offer opportunities to experience the eco-friendly lifestyle they advocate by using eco-friendly textiles for photo zones, selling upcycled bags, and showcasing sustainable footwear. As social distancing measures end and everyday life resumes, returning pop-up stores will remain popular. Hyosung will create opportunities to meet customers in various ways, reflecting the pop-up store trend and sharing the eco-friendly values they pursue with their clientele.



Recent Consumption Trends and Hyosung

All companies strive to cater to the interests and needs of their target customers, as well as stay up-to-date with the latest consumption trends. No matter how excellent the product or service may be, if it does not align with current consumer trends and fails to capture the attention of customers, it is difficult to succeed in the market. For this reason, all companies, regardless of size from small businesses to large corporations, are paying close attention to the dynamic consumer trends to capture the hearts of consumers. Several research agencies analyze and announce consumption trends every year. Of course, Hyosung is not an exception. As a B2B company with a focus on corporate customers more than the general public, Hyosung does not frequently release new products as we require innovative technology. However, even for the innovative technology that Hyosung aims to develop and the products targeting corporations, we ultimately need to reflect consumer demands. Therefore, as a B2B company, Hyosung also needs to understand the latest consumption trends of consumers. Standing at the center of sustainability, eco-friendliness, and global consumption trends Sustainability and eco-friendliness are the main keywords of the global consumption trend that has persisted in recent years. As one of the solutions to mitigate global climate change, consumers are increasingly seeking products and services that are sustainable and environmentally friendly. Sustainable and eco-friendly consumption is not difficult. Carrying a personal tumbler or using refill shops is one of the easiest and most sustainable ways to reduce the use of disposable items and plastics. Another way is to use recycled products based on Post-consumer Recycled (recycling of waste materials used and discarded by consumers) or Pre-consumer Recycled (recycling of industrial waste materials) methods, depending on the recycled materials and processes. Additionally, buying second hand items instead of new ones, or utilizing rental and sharing services to actively promote recycling and reduce waste disposal can also be sustainable and eco-friendly consumption practices that contribute to a circular economy. Shifts in consumer awareness towards sustainable consumption. According to PricewaterhouseCoopers (PwC), one of the world's top four accounting firms, only 35% of respondents in the Global Consumer Insights survey in 2019, prior to COVID-19 impacting our lives, indicated that they opt for sustainable products as a means to safeguard the environment, while 37% reported their experience of actively seeking environmentally friendly packaging. However, a joint study conducted in 2021 by Visual GPS, a creative research platform, and market research company YouGov, revealed that there has been a change in consumer behavior during the COVID-19 pandemic. 81% of respondents hope that companies consider the environment in their advertising and communication, and 69% said they are taking all measures to minimize their carbon footprint. According to Mintel's "Global Consumer Trends Report 2023," a market research agency, consumers have become aware of the interconnectedness of the world due to recent events, and are increasingly concerned about the future and the environment that will be affected by their daily choices and habits. Mintel also predicted that factors such as sustainability will play an important role in consumers' value judgments. Hyosung's sustainable and eco-friendly business for promoting consumers' green lifestyles However, sustainability and eco-friendliness are not new to Hyosung. As a manufacturing-based company that takes environmental issues such as climate change, environmental pollution, and overflowing waste seriously, Hyosung has long been preparing and conducting environmentally friendly and sustainable businesses to address pollution and prepare for climate change. The first step that environmentally conscious consumers can take towards sustainable consumption is to purchase eco-friendly products. Consumers tend to buy the most eco-friendly products that are reusable, such as tumblers and stainless-steel straws, and prefer products that are biodegradable, such as biodegradable plastic or paper packaging. They also show a high interest in upcycling products that use environmentally friendly materials or discarded products to reproduce. By consuming upcycling products, consumers not only reduce waste that pollutes the environment but also contribute to protecting the environment. In 2008, Hyosung TNC developed and commercialized regen® Polyester, the first recycled polyester fiber in Korea made from discarded PET bottles. Since then, Hyosung TNC has introduced the regen lineup, which includes not only polyester but also nylon, spandex, and various functional fibers. Clothing and fashion items made from regen's recycled fibers are not only sold by global fashion brands and functional clothing brands but also chosen by consumers who seek both environmental protection and fashion. Hyosung TNC produces yarns by utilizing waste products that consumers have used and discarded. "regen Polyester" is a yarn made from 100% discarded PET bottles, which is the first of its kind in Korea. The collected PET bottles are washed, crushed into flake form, melted again, and transformed into chips the size of rice grains, which are then used to reproduce yarn for clothing. By using regen Polyester, the amount of carbon dioxide emissions can be reduced by approximately 40% to 50% compared to regular yarn. Furthermore, Hyosung TNC has developed the world's first recycled fiber, "regen Ocean Nylon," by utilizing discarded fishing nets from the ocean. According to LCA (Life Cycle Assessment) measurements, regen Ocean Nylon can reduce carbon dioxide emissions by 73% compared to conventional nylon, reduce fossil fuel consumption by 75.7%, and reduce water consumption by a massive 98.6%. Moreover, after conducting extensive research and development, Hyosung TNC has successfully commercialized "regen Bio-Based," the world's first yarn made from bio materials extracted from corn. regen Bio-Based has been recognized for its use of eco-friendly raw materials, its harmlessness to the human body, and its environmentally friendly production process through ESG management, and has obtained the "Eco Product Mark." When applied to products, this yarn can reduce water consumption by 39% and carbon dioxide emissions by 23% compared to conventional spandex. Hyosung has created an environmentally friendly yarn by recycling discarded waste products or using synthetic fibers made from natural materials, making it an ideal choice for customers who prioritize sustainable consumption. Prepared Hyosung, Prepared Future Since 2012, Hyosung has been publishing sustainability reports and is committed to playing a role as a global player for the environment by improving the lives of all humanity, not just the success of its business. Hyosung's various eco-friendly businesses have been made possible thanks to its accumulated technological capabilities and efforts toward a better future. Hyosung's unique technological DNA and continuous efforts to create a better living environment for tomorrow are embedded in the global trend of emphasizing sustainability. Hyosung's commitment to sustainability and eco-friendliness is clearly apparent and recognizable to consumers who prioritize eco-friendly and sustainable consumption.



Hyosung TNC's Endeavors in Reversing the Environmental Doomsday Clock

As environmental destruction worsens, the question arises: for how long can humanity survive? By measuring global environmental degradation, the Environmental Doomsday Clock can provide insight into this sense of crisis. Since the Rio Environmental Conference in 1992, the Asahi Glass Foundation of Japan has conducted an annual survey, seeking insights from environmental experts across 90+ countries, including representatives from governments, NGOs, academia, and corporations. This survey’s results are represented on a scale ranging from 0 to 12, with lower numbers indicating a relatively calm state and higher numbers reflecting increasing levels of anxiety. It provides an overview of our collective plight. The Korean Environmental Doomsday Clock stood at 9:28 in 2022, signaling that the country's environmental destruction was reaching a dangerous point. However, the greater concern lies in that, even at that moment, the second hand of the clock continued to move. How does Hyosung TNC plan to reset the Environmental Doomsday Clock? Hyosung TNC aims to introduce a fresh ECO-LIFESTYLE approach, encompassing sustainable ESG management, environmental and social responsibility, and effective governance. In addition, the company develops sustainable materials and fabrics to minimize our daily carbon footprint. Let’s take a closer look at Hyosung TNC's sustainable lifestyle proposal to gauge its potential impact on the Environmental Doomsday Clock. Hyosung TNC's Sustainable ESG Management Practice for the Future of the Next Generation All companies are responsible for reducing greenhouse gas emissions in the face of the climate crisis. Hyosung TNC recognizes this responsibility and actively strives to fulfill it. Hyosung TNC factories transition to low-carbon energy sources to minimize greenhouse gas emissions. The company extracts renewable energy by from nearby municipal waste incinerators and wastewater treatment plants by utilizing heat and biogas. In particular, the Gumi plant reduced emissions with cleaner alternatives like LNG and LPG. Through a gradual increase in the adoption of LNG and LPG instead of high-emission B-C oil. With the gradual adoption of LNG and LPG, B-C oil has been completely phased out as of 2019. To further increase the share of sustainable energy within our operations, we are exploring wind and solar power, among other renewable options. Hyosung TNC also implements an annual environmental investment plan for each plant, replacing equipment with high-efficiency alternatives, contributing to energy conservation and environmental stewardship. The Daegu Plant has actively participated in Korea Industrial Complex Corporation’s 'Seongseo Industrial Complex Smart Energy Platform Establishment Project' since 2020. As part of this project, the plant installed 20 measuring instruments in a power facility with a large rated capacity and established a factory energy management system. EcoMaterial for the Next Generation, an Eco-friendly Yarn Brand for Carbon Reduction: regen Hyosung TNC's utmost commitment to sustainable societal development lies in the promotion of environmentally friendly clothing materials. Hyosung TNC has recently revitalized the eco-friendly yarn brand 'regen' for carbon reduction based on our sustainable material technology. The refreshed logo of regen now incorporates the vision and mindfulness of Hyosung, reflecting our commitment to environmental considerations. The circular shape within the regen logo, aptly named "ECO-EYE," represents "eyes looking at the earth," symbolizing the core principles of the circular economy. Hyosung TNC has been actively expanding the range of environmentally friendly yarns as part of our efforts to reduce carbon emissions. This initiative began in 2008 with the launch of regen polyester, the first in Korea to be made from recycled plastic bottles. By utilizing natural materials such as corn, discarded plastic bottles, and fishing nets, Hyosung TNC has developed a portfolio of low-carbon, eco-friendly yarn products that contribute to the establishing a circular economy in the domestic apparel industry. Resources Abandoned on the Earth, Returns Back to Us as An Eco-friendly Material: regen In 2007, Hyosung TNC pioneered the production of regen polyester yarn in Korea using recycled PET bottles when environmental awareness was relatively low. Furthermore, we achieved a remarkable feat by becoming the first company in the world to commercialize nylon yarn extracted from discarded fishing nets. Starting in 2020, Hyosung TNC began developing a product portfolio of low-carbon yarns based on the principles of the circular economy for the domestic apparel industry. As part of its commitment to achieving this vision, Hyosung TNC partnered with leading organizations across the industrial value chain, including the Ministry of Environment of the Republic of Korea, POSCO, Yeosu Gwangyang Port Authority, Jeju, Seoul, and others. Our collaborations created regen Jeju Polyester and regen Seoul Polyester, derived from discarded PET bottles originating from Jeju and Seoul respectively. Further, Hyosung TNC collaborated with Busan and eco-friendly startup NETSPA, to produce regen Ocean Nylon, which recycles discarded fishing nets. By taking this initiative, Hyosung TNC is contributing to carbon reduction and addressing greenhouse gas emissions. Hyosung TNC intends to positively impact the global textile market by expanding its use of eco-friendly yarns beyond Korea. Additionally to recycling discarded materials, Hyosung TNC has developed "regen Bio-based" that use corn, a natural raw material, in place of fossil-based materials. For the first time worldwide, Hyosung TNC has processed and commercialized corn as a raw material for high-performance textile. Comparing regen Bio-based spandex to conventional spandex products, life cycle assessments (LCA) revealed a 39% reduction in water usage and a 23% reduction in carbon emissions. This reduction is equals the carbon emissions absorbed by 378 pine trees per year. Hyosung TNC incorporates additional functionalities such as cooling, heating, high strength, and elasticity to produce a wide range of low-carbon fiber materials in this innovative recycled fiber regeneration technology. A Society that Works Together, A Company that Grows Together Hyosung TNC considers safety to be the utmost priority at the workplace. We are committed to achieving ZERO accidents related to safety and health through our environmental safety VISION of establishing accident-free work environments. As part of our ongoing commitment to safety, we promote a safety culture and provide a safe and enjoyable working environment for all employees, including those from partner companies, by preventing accidents and fostering a strong safety culture. Our commitment is reflected in the active engagement of workers in the field to identify and prioritize necessary programs. By valuing their input, we ensure our initiatives align with their needs. For instance, we have implemented anti-smoking and obesity programs in collaboration with local public health centers to promote the health and well-being of our employees. Additionally, we have implemented hearing preservation programs for employees who work in noisy environments to protect their hearing. In addition to safety measures, Hyosung TNC offers support in a variety of domains to small venture partners. By leveraging our extensive global networks and textile technology expertise, we offer our partners opportunities to participate in international textile exhibitions, enhancing their global presence. Moreover, Hyosung TNC actively supports SME's whose overseas exhibitions have been disrupted by the pandemic by facilitating online video meetings with overseas brands as part of our shared growth policy focused on increasing the competitiveness of our partners for mutual growth. Hyosung TNC embraces the philosophy that "Teamwork makes the dream work." As a socially responsible company, we are deeply committed to this philosophy. In this regard, we prioritize implementing our unique ESG management approach, which enhances the sustainability of our society. Hyosung's Response for the Future Generations, Sustainable RE:GEN ECO-LIFESTYLE Through our ESG brand RE:GEN, Hyosung Group strives to create distinctive ESG values. Since Hyosung Group recognizes that effective ESG management requires more than just good intentions, we actively seek partners who share our commitment and collaborate to build a sustainable world based on substantial business practices. Moreover, Hyosung Group aims to lead an eco-friendly lifestyle for future generations by developing environmentally friendly technologies, expanding the brand narrative, and serving as a growth model that fosters a new ESG ecosystem. Hyosung TNC remains dedicated to promoting a sustainable and eco-friendly lifestyle centered around the 'regen' brand of environmentally conscious yarns. Aligned with the vision of Hyosung Group's RE:GEN initiative, which aims to address the needs of future generations, Hyosung TNC continuously strives to contribute towards enabling individuals to embrace a sustainable way of life. Hyosung TNC's new slogan, "Innovation for a Better Lifestyle and Tomorrow, encapsulates these endeavors and aspirations. Hyosung TNC embodies the value of 'together' by leading an environmentally friendly lifestyle that benefits all generations. As a leading company in low-carbon yarn manufacturing, we're committed to helping you achieve a sustainable lifestyle.



Hyosung’s Response Towards the Climate Change

The pandemic that swept across the globe in 2019 was a stark reminder of humanity's fragility and vulnerability in the face of natural disasters. We have taken steps away from the immediate impact of the infectious disease crisis, but climate change continues to pose a challenge. It is becoming increasingly evident that climate change is having profound effects on our lives and is reshaping the way we live. Individuals and corporations alike are beginning to understand that this change impacts our lives and our existence. Climate change has emerged as an issue of paramount importance for humanity's continued survival on Earth, and the climate crisis has become an unavoidable problem that we must directly confront. As a result, numerous corporations, including Hyosung, are dedicated to relentless research and exploration of diverse solutions to address the climate crisis. In response to this global societal crisis known as climate change, we at Hyosung have established 'Green Management VISION 2030'. We have implemented green management principles, enhanced green business execution, expanded green purchasing, taken a leading role in climate change response, and generated eco-friendly growth momentum. Through these efforts, we are striving to reduce greenhouse gas emissions. Hyosung's Endeavors to Slow Climate Change In 2015, the United Nations unveiled the Sustainable Development Goals (SDGs), arguably the most closely watched benchmark of our time. SDGs embody the philosophy of sustainable development through 17 common goals and 19 specific targets for humanity under the slogan ‘Leave No One Behind.’ To achieve the SDGs, corporations worldwide are adopting these shared goals for humanity and fostering change through individual actions and practices. Hyosung, having declared 'Green Management VISION 2030' based on the SDG indicators, is sparing no effort in its company-wide endeavors to combat climate change by advancing various initiatives. Embracing ESG (Environmental, Social, Governance) management, Hyosung sets greenhouse gas reduction targets suitable for each business and formulates annual investment plans for energy-saving facilities to reach these goals. As a result, in 2020, Hyosung achieved approximately 4.3% reduction in energy consumption and greenhouse gas emissions compared to 2019. Hyosung has integrated its EHS (Environment, Health, Safety) and CSR (Corporate Social Responsibility) committees into an 'ESG Management Committee' under the jurisdiction of the CEO. This integration allows Hyosung to address not only environmental, safety, and health sectors but also social and governance structures. Hyosung's 'ESG Management Committee’ engages in deliberations on a wide range of matters relevant to the ESG era. These include climate change countermeasures, the establishment of ESG-related policies and goals, risk management and investment, and activity planning. Such discussions clearly demonstrate Hyosung's strong and steadfast commitment to ESG management. Hyosung's Pursuit of Low-Carbon Energy Transition Tailored to Each Business Hyosung Heavy Industries is preparing for the next era of high-efficiency energy, mitigating the variables encountered when utilizing renewable energy that does not emit carbon, and equipping facilities to supply such energy reliably. They are also developing energy storage systems (ESS) for efficient energy use and spearheading the realization of a hydrogen society through the expansion of hydrogen charging stations and the development of hydrogen supply technologies. Hyosung Chemical has successfully developed and commercialized Polyketone, an eco-friendly high-molecular engineering plastic. This innovative material reduces carbon dioxide emissions and produces byproduct hydrogen during production. By producing and selling liquid hydrogen and contributing to the establishment of domestic hydrogen ecosystems, Hyosung Chemical plays a crucial role in advancing the construction of the envisioned hydrogen value chain. Hyosung Advanced Materials has announced three strategic green management directions, including 'ZERO Emission (carbon)', and is continuously striving to reduce greenhouse gas emissions and minimize the climate change impact. Carbon fiber, a next-generation advanced material successfully developed by Hyosung, is a core component used in ultra-high-pressure hydrogen storage vessels for hydrogen mobility infrastructure, such as hydrogen fueling stations. It is gaining attention for its ability to facilitate the movement and storage of gaseous hydrogen, contributing to the convenience and efficiency of hydrogen activation. Carbon fiber is also recognized for its potential for reducing greenhouse gas emissions. Lastly, Hyosung TNC, which focuses on developing low-carbon materials while considering sustainable growth in the textile industry and reducing greenhouse gas emissions, offers a wide range of eco-friendly functional fibers such as regen Spandex, regen Nylon, regen Ocean Nylon, regen Polyester, and regen Ocean Polyester. Hyosung TNC's eco-friendly fibers, produced by recycling discarded fishing nets, PET bottles, or waste generated during the production process, have gained recognition for their environmental value. Thus, Hyosung leads the eco-friendly market with tailored technology development for each business and strives to reduce carbon emissions in ways that are appropriate for the company's operations. Internally, the company is making relentless efforts in various ways to reduce carbon emissions, including the replacement of high-efficiency facilities, the supply of high-efficiency energy products and solutions, and investments in facilities for reducing greenhouse gas emissions through the transition to low-carbon energy. Green Action for the Environment! Hyosung's Eco-friendly Challenges To ensure a better and healthier planet for both our current and future generations, Hyosung invests in, researches, and develops technologies that enable resource circulation without harming the environment. Hyosung is also actively involved in implementing eco-friendly initiatives, including environmental challenges, in addition to technology development. Hyosung TNC's 'regen Jeju' and 'regen Seoul' projects, started in Jeju and expanded to Seoul, are initiatives aimed at collecting discarded PET bottles and transforming them into eco-friendly regen Jeju Polyester fiber and regen Seoul Polyester yarn. These projects contribute to Jeju and Seoul’s environmental preservation by collecting and repurposing PET and also provided an opportunity to raise public awareness about plastic recycling. Additionally, they served as a platform to showcase Hyosung's technological capabilities in eco-friendly fibers. In addition, Hyosung has conducted various eco-friendly challenges within the company. Hyosung Advanced Materials and Hyosung Chemical organized the 'Eco-friendly, Geumsangchumhwa (finishing touch)’ and 'Zero Waste Day' challenges for their employees. The challenges involved the use of bamboo toothbrushes and reusable shopping bags to reduce plastic consumption and lowering the resolution and brightness of monitors to reduce carbon footprints. These internal eco-friendly challenges reflect Hyosung's commitment to shifting environmental perceptions, not only through research and development of eco-conscious technologies but also through practical implementation by its employees. Hyosung TNC has committed to joining the public-private cooperation network to address environmental issues as part of the ‘Zero Seoul Activist Group’ initiative led by Seoul Metropolitan Government. A total of 13 companies, three economic councils, and one media company are participating in this initiative. In addition to its ongoing eco-friendly initiatives, Hyosung will collaborate on Seoul's environmental policies, including building energy efficiency, electric vehicle charger distribution, and zero waste management. The company will also actively participate in citizen campaigns to address the climate crisis. As a member of the Zero Seoul Activist Group, Hyosung is dedicated to continuing its diverse range of eco-friendly activities. Hyosung’s green actions through its eco-friendly challenges hold significant meaning as they provide an opportunity to shift the perception that discarded resources can be circularly utilized to create new high-value products and reduce our carbon footprint. Hyosung is committed to actively participating in the eco-friendly movement at various levels, including each business, Hyosung Group as a whole, and in collaboration with Seoul. Hyosung will take every step possible to slow climate change and make the planet a better place. Another Move by Hyosung to Protect the Environment Hyosung's commitment to environmental protection goes beyond eco-friendly products and reducing carbon emissions. They have organized tree-planting events to restore endangered plants, donated saplings, and provided funding for the creation of planting areas. They conducted beach cleanup activities to commemorate the International Day for Biological Diversity. Moreover, recognizing the impact of the ongoing climate crisis on biodiversity, including changes in species distribution and composition, the spread of invasive pests, and ecosystem disruptions, Hyosung is actively engaged in biodiversity conservation activities to preserve flora and fauna that have lost their habitats. Understanding that protecting diverse animals and plants that have lost their habitats or are facing extinction due to climate change is crucial to safeguarding the planet, Hyosung continues its biodiversity conservation activities alongside technology development for carbon neutrality. While we enjoy more comfortable and prosperous lives, the damaged environment and the resulting climate crisis pose risks to ecosystems which, in turn, endanger our own lives. Hyosung works daily to reduce carbon emissions and prevent ecosystem collapse from breaking this destructive cycle. Hyosung's careful consideration of the climate crisis and its focus on ecosystem preservation and eco-friendly product development reflects its desire for current and future generations to live on a healthier Earth. Hyosung consistently prioritizes the environment and strives to conduct business activities that preserve and do not harm it, ensuring that our next and subsequent generations can live in a more sustainable world. Hyosung is continuously implementing ESG management practices, which include comprehensive environmental management, strengthening compliance management systems, operating the ESG Management Committee, and publishing Sustainability Reports. Hyosung remains committed to these practices and will strive to create a better Earth for all generations without ceasing its efforts.