Hyosung Chairman Cho Seok-rae 1st Anniversary Memorial Ceremony... "Will Continue Insight and Spirit of Challenge"

Cho Hyun-joon, Chairman of the Hyosung Group, stated at the first anniversary memorial service for the late Honorary Chairman Cho Seok-rae that he will carry on his insight and spirit of challenge.

On the 29th, at the memorial ceremony for the first anniversary of the late Cho Seok-rae, Honorary Chairman of Hyosung, held at Hyosung Headquarters in Mapo-gu, Seoul, Hyosung employees are seen offering flowers and observing a moment of silence. Photo by Hyosung

On the 29th, Hyosung Group held the first anniversary memorial service for Honorary Chairman Cho at the Hyosung headquarters auditorium in Mapo-gu, Seoul. Family members including Chairman Cho and Cho Hyun-sang, Vice Chairman of HS Hyosung, as well as executives attended to pay tribute to the late honorary chairman.

Chairman Cho, in remembrance of his father, said, "Today’s Hyosung is the result of seizing the future with my father’s insight into changing times and his steel-like spirit of challenge." He added, "When my father passionately worked to improve Korea-Japan and Korea-US relations during his lifetime, he always emphasized that the three countries?Korea, the US, and Japan?should come together and share concerns. He said, 'We must become a company that can turn crises into opportunities.'"

He also conveyed, "My father admired China’s obsession with technology and the research passion of its 5 million engineering students graduating annually, predicting that it is only a matter of time before China surpasses our country and Japan."

Chairman Cho said, "Inheriting my father’s will, Hyosung will strive to become a company that prepares for the future, turns crises into opportunities, and moves swiftly in response to global affairs. We will build a century-old Hyosung that is as solid as a rock and can survive any crisis."

After the company’s memorial service that day, the family and top executives moved to the family burial site in Gyeonggi Province to continue the memorial. Hyosung will open the headquarters memorial hall to general employees from 8:00 a.m. to 5:30 p.m. on the 31st so they can freely offer flowers and pay their respects to the late honorary chairman.