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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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.
Hyosung donated KRW150 million for programs designed to help disabled children in their medical rehabilitation and provide support for their families run by the Purme Foundation on April 6. Hyosung′s relationship with Purme Foundation dates back to 2013, ten years ago. Hyosung′s donation is spent on a variety of rehabilitation treatments for disabled youths, education/psychological treatment of their non-disabled siblings, trips with families of Hyosung employees, concerts held with their families invited, etc. The donation provided by Hyosung this year will be spent on the rehabilitation treatment of 20 disabled youths and education/psychological treatment of their 25 non-disabled siblings, etc. Twenty families of the youths receiving support from the Purme Foundation will also be invited to accompany the families of Hyosung employees on family trips. By making such donation, Hyosung expects the following good results: restoration of mind and body of disabled youths; psychological stabilization of their non-disabled siblings; and expansion of opportunities for self-development. ″We will continue to provide support so there will be no gaps in the treatment of disabled youths and their families due to the prolonged COVID-19 situation,″ Hyosung Chairman Cho Hyun-joon said, commenting on the matter. Other things that Hyosung has done in connection with what is stated in the foregoing include the provision of support for the operation of barrier-free cinemas for the disabled and provision of support fund for replacing instruments of Onnuri Sarang Chamber Orchestra, etc.
Hyosung provided on March 17 a truck for carrying donated goods to the Eunpyeong Branch of Goodwill Store. The new truck presented by Hyosung will replace the old one, which was also provided by Hyosung in 2013 and used as donated goods carrier since. Since 2013, Hyosung has invested approximately 700 million won in all to create jobs for the handicapped and opened the Eunpyeong Branch of Goodwill Store. At present, said branch has five people with severe disability and two North Korean defectors carrying out the work of classifying and selling donated goods. Hyosung employees (from head office to regional branches alike) have donated 85,000-plus items to the branch. Hyosung Vice Chair Cho Hyun-sang, who has served as Head of Hyosung Sharing Volunteer Group since 2015, stressed that businesses should take the lead in building a community where needy neighbors can get assistance to stand on their own. ″I am very happy to see Goodwill Store, which has worked side by side with us, create jobs for the handicapped and work to improve the way people perceive the handicapped. We will continue providing support to those working to build warm and healthy communities,″ he added. At present, Hyosung provides financial support for programs for handicapped artists belonging to the Seoul Foundation for Arts and Culture′s Jamsil Creator Studio and Onnuri Love Chamber, an orchestra composed of those with developmental disability.
Hyosung TNC′s recycled PET fabric REGEN works with premium shirt brand DAKS to make eco-friendly neckties. □ Hyosung TNC supplies eco-friendly fabric REGEN to DAKS Hyosung TNC said on February 10 that it supplied eco-friendly fabric REGEN to DAKS, Tribon′s premium men′s shirt brand. Seeing an increase in the number of greensumers (referring to those choosing to purchase goods conducive to environmental protection) in the men′s fashion market as well as the sportswear market, Hyosung TNC has worked to cooperate with DAKS, a leading brand in the domestic men′s clothes market. Hyosung TNC supplied DAKS with fabric made of REGEN, a recycled fabric; DAKS introduced DAKS LOVE P.E.T., an eco-friendly collection of goods, to the market using the fabric. DAKS introduced a total of 11 types of collections of eco-friendly neckties on February 7 at its online mall. A necktie of this sort, made of about 1.8 transparent PET bottles, enjoys great popularity among men. □ Hyosung TNC to enhance REGEN′s brand power through expansion of cooperation in eco-friendliness Hyosung TNC set eco-friendliness as its top-priority management objective starting in the early 2000s and developed REGEN, a polyester fabric extracted from PET bottles, in 2008.Since 2020, the Company has worked with local governments including the Seoul Metropolitan Government to produce recycled polyester fabric such as REGEN Seoul, REGEN Jeju, and REGEN Ocean and use them to make clothes and bags with the aim of leading the country′s domestic eco-friendly fashion market. Hyosung TNC plans to change customers′ view of recycled goods by expanding cooperation with local governments and fashion brand businesses and enhance the brand power of REGEN, a leading eco-friendly fabric in the country.
