Various stories of activities brought to you by Hyosung TNC
Hyosung TNC CEO Kim Yong-seup has joined the social media campaign "Go Go Challenge" that aims to protect the environment by reducing the use of plastics in everyday life.The Go Go Challenge is a "de-plastic" movement launched on social media by the Ministry of Environment in January. Each participant nominates the next participant after promising one thing that should not be done and one thing that should be done to reduce the use of plastics, including disposable products.In a video for the Challenge which was put on Hyosung TNC's social media on Feb 1, CEO Kim demonstrated his determination to “reduce the use of plastics by refraining from using disposable plastic bags and making a habit of separating the recyclable waste.” He remarked, "Hyosung TNC has been working to build a system for a virtuous cycle of resources by recycling PET bottles that are dumped in Jeju Island and Seoul to make eco-friendly fibers." The work which began in Jeju last year included Seoul this year. "As the CEO of a global eco-friendly textile company, I will take the lead in improving consumers' perception of eco-friendliness."CEO Kim participated in the Challenge on the nomination of Kim Jung-hak, CEO of the Jeju Development Corporation, Jan. 25. The next nominated participants were Chairman Sung Ki-hak of Youngone Corp. and Youngone Outdoor, Austrian textile company Lenzing’s Global Vice President Marketing & Branding Harold Weghorst, CEO Lee Soo-yong of Dutch eco-friendly certification agency Control Union Korea, and singer and actress Bae Da-hae. The video is available on Hyosung TNC's Instagram @hyosung_textiles.
A total of 92 articles have been added for reading.
Hyosung is sponsoring the non-face-to-face support with AI caring robot project for elderly veterans' families through the Southern Seoul Veterans Affairs Office. On May 31, Hyosung delivered a donation of 40 million won to the Southern Seoul Veterans Affairs Office. This donation will be used for non-face-to-face customized care services for people of national merit and veterans' families. The program was created to support elderly veterans living alone who have limited face-to-face activities due to COVID-19.The AI caring robot will be delivered to veterans registered with the Southern Seoul Veterans Affairs Office. Deundeun and Bohun, the AI robots, will help the elderly living alone and veterans’ families with 24-hour life management, meals, medications, and reminders for hospital reservations. Moreover, they are equipped with safety management functions that can respond to an emergency with motion sensors considering the age of the people they are supporting.Hyosung has been carrying out patriotic and social contribution programs, such as “Exploring the historical treasures” and “Delivery of living necessities” for veterans and people of national merit for four years since 2017. On May 4, the company provided non-face-to-face oral health education, customized preventive healthcare education, and support for dental treatment expenses for the children with developmental disabilities at Purme Foundation’s Nexon Children’s Rehabilitation Hospital as part of its social contribution activities for neighbors suffering from the COVID-19 pandemic.
Hyosung TNC which had already been recycling transparent PET bottles will produce the nylon fiber "Mipan Regen Ocean" recycled from waste fishing nets.□ Join hands with Busan Metropolitan Government, Netspa to produce 'Mipan Regen Ocean' recycled from discarded fishing netsHyosung TNC signed an MOU with the Busan Metropolitan Government and Netspa, an eco-friendly social venture enterprise, on May 11 to build a system for a virtuous cycle of resources by collecting and recycling waste fishing nets into eco-friendly fiber. The signing ceremony was attended by Busan Mayor Park Hyeong-joon, Hyosung TNC CEO Kim Yong-seup and Netspa CEO Chung Taek-soo.The agreement was designed to contain pollution of marine ecosystem caused by discarded fishing nets and raise awareness of protecting marine environment.Under the agreement, the Busan Metropolitan Government will work with local governments to establish a system that can separate and discharge waste fishing nets, while Netspa will be responsible for the pretreatment of shredding and washing the collected fishing nets. Hyosung TNC will recycle the pretreated fishing nets to produce the nylon fiber "Mipan Regen Ocean." "Mipan Regen," developed by Hyosung in 2007, is the world's first fiber recycled from discarded fishing nets. It is a nylon version of 'Regen', a polyester fiber recycled from transparent PET bottles.Until now, "Mipan Regen" has been made of nylon yarn or chips that were discarded during the production process because there were problems with the collection of waste fishing nets. The agreement paves the way for a stable supply of waste fishing nets, and Hyosung is launching "Mipan Regen Ocean" and will be producing it in earnest.□ Hyosung to increase production volume of 'Mipan Regen Ocean' by expanding investment in depolymerization facilitiesOn the occasion of the launch of 'Mipan Regen Ocean,' Hyosung TNC will be expanding investment in depolymerization facilities. The depolymerization facilities improve the purity of raw materials by removing impurities from fishing nets when Hyosung TNC produces "Mipan Regen" with its own technology. Hyosung TNC plans to expand investment in depolymerization facilities by the end of this year to produce at least 150 tons of 'Mipan Regen' per month.Hyosung Chairman Cho Hyun-joon said, "Hyosung has been developing eco-friendly materials including polyester, nylon, and spandex by its own technology. "As an eco-friendly company, Hyosung, with a sense of responsibility, will continue to pay attention and make investment to build a system for a virtuous cycle of resources,” he added.
Hyosung TNC has joined hands with CGV to enhance public eco-friendly awareness with "Regen Seoul," the country’s leading eco-friendly fiber.□ Promotional booths for eco-friendly fiber 'Regen Seoul'Hyosung TNC announced that it started to run booths to promote the production process of "Rigen Seoul" at three theaters (in Yeongdeungpo, Yeouido, and Gangnam) of CGV, Korea's leading multiplex theater. They will run through the end of next month."Regen Seoul" is an eco-friendly polyester fiber made by Hyosung TNC in collaboration with the Seoul Metropolitan Government in January. The local governments of Geumcheon-gu, Yeongdeungpo-gu, and Gangnam-gu, collect waste PET bottles, which Hyosung TNC take over and recycle them into fiber.The "Regen Seoul" booth is designed to help visitors of the theater easily understand the production process of "Regen." A large screen is also showing a promotional video of "Risen Seoul." Employees of the CGV theaters wear uniforms made of "Rigen Seoul," which Hyosung TNC made in collaboration with Pleatsmama.Hyosung TNC expects that the event will help improve citizens' awareness of eco-friendly recycling products and strengthen the brand power of "Regen," the country’s leading eco-friendly fiber.□ Various events in line to increase interest in eco-friendly productsBesides operating the promotional booths, Hyosung TNC is hosting an Instagram event for 'Rigen Seoul'.The event which will run for two months in time for the opening of the booths invites participants to post comments on the CGV Event section of Hyosung TNC’s Instagram account (@hyosung_textiles) regarding their pledge to practice environmental protection. Lotteries will pick those who will receive Pleatsmama's eco-friendly knit bag made of "Regen Seoul." People who posted a photo shot of their visit to the “CGV Regen Seoul Booth" on their Instagram account will have a higher chance of winning the lottery.The May 5 Children's Day will have an event in which family members can participate together. Those who post a photo shot of their visit to the Regen Seoul booth at Yeongdeungpo CGV theater located in Yeongdeungpo Square Times on their Instagram account will receive Hyosung TNC's G3H10 multi-use eco-friendly mask as a gift.
Hyosung's airbag will be reborn as eco-friendly clothes in conjunction with "Kanghyuk," a brand that is drawing attention in the global fashion industry.□ Rolls out in May collection of Kanghyuk upcycled clothes made of Hyosung Advanced Materials’ airbagHyosung Advanced Materials announced on May 3 that it has supplied for free airbag fabrics to the industrial fashion brand “Kanghyuk.”The airbag fabrics provided by Hyosung Advanced Materials, which are enough for 700 jackets, are not sellable because their sizes do not fit into airbags. Kanghyuk will showcase a collection of 23 kinds of clothes, including ski suit-like jackets and pants out of the fabrics.An eco-friendly upcycling fashion brand, Kanghyuk, produces eco-friendly clothes. Run by Choi Kang-hyuk and Sohn Sang-rak, designers who are drawing attention in the global fashion industry, the brand is famous for its eco-friendly fashion products made of things like airbags used in cars like Mercedes-Benz and car ceiling materials. What’s special about them is that its products retain the original logos and bar codes printed in the airbags and their sewing lines. Hyosung Advanced Materials produces not only airbag fabrics but also various industrial materials such as seat belt fibers, aramid fibers, carbon fibers, and carpets. On the occasion of the support for Kanghyuk, it will set out on earnest collaborations by supplying more materials. It is noteworthy that Hyosung's eco-friendly fibers, which have acquired the global recycled standard (GRS), share the direction of sustainability the Kanghyuk brand pursues.Kanghyuk is brining fresh wind to the global fashion market. It won the 2021 "Samsung Fashion Design Fund (SFDF)” and advanced to the semifinals of the "LVMH Prize," which is called a Nobel Prize in fashion, in 2019. Recently, famous foreign rappers and designers, as well as Korean hip-hop stars, have worn Kanghyuk clothes, which lifted its reputation as hip clothes "fashion people" wear. Meanwhile, Hyosung TNC also plans to pursue a collaboration project with Kanghyuk. Under the project, Hyosung TNC will provide "Regen" fibers made of recycled transparent PET bottles and other functional materials, which Kanghyuk will make into eco-friendly clothes such as T-shirts and outerwear for sales at home and abroad.□ Eco-friendly collaboration initiated by Hyosung Chairman Cho Hyun-joon The collaboration project was put through after Chairman Cho Hyun-joon, who had been interested in eco-friendly fashion and textile trends, made a proposal to Kanghyuk.Cho made the proposal in the belief that Kanghyuk which makes clothes out of recycled materials and Hyosung which purses the value of sustainable management, including manufacturing of eco-friendly fibers out of discarded PET bottles, will share a value and contribute to the ethical "value consumption" favored by the MZ generation.Hyosung expects that the latest collaboration will help expand the domestic and foreign eco-friendly fashion market and raise consumers' awareness of recycled products.Prior to the collaboration project, Hyosung had been leading the domestic eco-friendly fashion market, expanding the supply of eco-friendly fibers like "Regen Seoul," "Regen Jeju," and "Regen Ocean," which utilize recycled transparent PET bottles.Recently, it has launched G3H10, a Regen brand, through the Wadiz crowd funding platform, and produced clothes with eco-friendly fashion brand Pleatsmama, which helped it take a strong position as a leading eco-friendly company.
Hyosung TNC will join Xexymix and other companies to participate in PID (Preview in Daegu), the largest textile exhibition in Korea.Hyosung T&C announced on May 3 that it will showcase a variety of products which are made of creora® and regen® at the PID exhibition to be held at Daegu Expo from May 12 to 14.PID, Korea's largest textile material exhibition, is organized by the Daegu Gyeongbuk Textile Industries Association.Hyosung TNC will present various products made of creora® ActiFit. Creora ActiFit is more functional than ordinary spandex in terms of ultraviolet, sweat, and acid rain, making it suitable for both indoor and outdoor exercise.Among other things, a yoga suit brand of Brand eXperience Corp., a leading media commerce company in the country, and Xexemix’s leggings made of Creora ActiFit are expected to draw attention.Hyosung TNC will introduce a variety of eco-friendly textile products as well. It has been collaborating with local governments and companies since last year to utilize polyester fiber technology on recycled PET bottles.In the Daegu exhibition, The North Face of Youngwon Outdoors will display a K-ECO Samdasoo collection, which is made of regen®jeju, a recycled fiber made by Hyosung TNC in collaboration with Jeju-do. Also on the first-ever display in the country will be regen®askin, which added cooling function to eco-friendly regen, and products made of regen®cotna, which feels like cotton.Hyosung TNC worked closely with the chief organizer of the exhibition, Daegu and Gyeongbuk Textile Industries Association, to induce participation of leading fashion companies and textile professionals in the country. A total of 170 domestic companies and 24 foreign companies will have participated in the exhibition.
Hyosung has launched the ESG Management Committee, setting into motion efforts to establish a sustainable management system that would help make the group a 100-year company □ Transparent Management Committee under the Board of Directors reorganized into ESG Management CommitteeHyosung Corporation, holding company of the Hyosung Group, announced that it held a board meeting on April 29 to reorganize the Transparent Management Committee under the Board of Directors that had dealt with improvement of governance into the ESG Management Committee to strengthen ESG management in the fields of environment, society and governance. The establishment of the ESG Management Committee is aimed at proactively responding to demands from customers, society, and shareholders to ensure environmental protection and social safety nets.The ESG Management Committee will be responsible for ESG-related policy, risk strategies for ESG policy, and investment and activities on the environment, safety, and climate change, as well as deliberation of transactions between specially related persons and decisions of management matters to protect shareholders' rights which had been dealt with by the Transparent Management Committee.□ At least two-thirds of outside directors sit in the committee which will decide key ESG management-related issuesThe ESG Management Committee consists of five members -- CEO Kim Kyu-young and four outside directors (Chung Sang-myeung , Kim Myung-ja, Kwon O-gon, and Chung Dong-chae). Considering the importance of ESG, one outside director was added to the Transparent Management Committee which had had four members. Former Prosecutor General Chung Sang-myeung, outside director who headed the Transparent Management Committee, will continue to chair the new committee. In addition to the holding company, major affiliates such as Hyosung TNC, Hyosung Advanced Materials, Hyosung Heavy Industries, and Hyosung Chemical also plan to set up an ESG Management Committee under their respective CEOs in the first half of the year.Chairman Cho Hyun-joon said, "ESG management is an identity that Hyosung must have in order to make a leap toward becoming a premium brand in the global market. He expressed hope that "Hyosung will grow into a '100-year company’ loved and trusted by shareholders and society by protecting the environment and enhancing righteous and transparent management, and seeking growth together with partner companies."□ Hyosung leads ESG by establishing Transparent Management Committee and strengthening eco-friendly businessesHyosung Group split into a holding company and four business units in 2018 in order to improve its governance structure through enhancement of transparent management and establishment of an independent management system. The transition to the holding company system was completed at the end of last year.In 2018, Chairman Cho broke the practice of the CEO serving as chair of the board of directors and stepped down as chair of the board, paving the way for an outside director to serve as chairperson. He also established the Transparent Management Committee and strengthened the independence of outside directors by having an outside director chair the outside directors recommendation committee.Hyosung has been expanding eco-friendly energy businesses such as fiber recycling, hydrogen, solar, and ESS, and strengthening eco-friendly management by making efforts to reduce carbon dioxide emissions.
