Hyosung Chemical Invests Approximately 55.2 Billion KRW in Vietnamese Subsidiary

Hyosung Chemical announced on the 20th that it will invest approximately 55.2 billion KRW in its Vietnamese affiliate, Hyosung Vina Chemicals, to improve its financial structure. This investment corresponds to 89.2% of its equity capital.

Hyosung Vina Chemicals is an affiliate of Hyosung Chemical that manufactures and sells propylene and polypropylene. After the investment, Hyosung Chemical's ownership stake will remain at 100%.