Hyosung to Artificially Propagate Endangered Insects... "Ecosystem Restoration Efforts"

MOU Signed with the National Institute of Ecology for Biodiversity Enhancement
Part of ESG Management... Heavy Industries and Chemical Affiliates Also Participate
Hwang Yuneon: "We Will Strengthen Ecological Conservation Across Land, Sea, and Sky"

Hyosung is taking steps to restore ecosystems through the artificial propagation of endangered insects. The company is making efforts to enhance biodiversity as part of its commitment to environmental, social, and governance (ESG) responsible management.

On the previous day, April 21, Hyosung Group announced that it had signed a memorandum of understanding (MOU) at its headquarters in Mapo-gu, Seoul, with the National Institute of Ecology and Supsokui Jageun Chingudeul Co., Ltd. for the "Restoration of Endangered Insects and Enhancement of Biodiversity." Major affiliates, including Hyosung Corporation, Hyosung TNC Co., Ltd., Hyosung Heavy Industries Co., Ltd., and Hyosung Chemical Co., Ltd., participated in the agreement.

Choi Seungun, Director of the National Institute of Ecology (left), Yoo Sora, Executive Director of ESG at Hyosung TNC, and Lee Yonghwa, CEO of Supsokui Jageun Chingudeul, signed an MOU on "Restoration of Endangered Insects and Enhancement of Biodiversity" on the 21st at Hyosung headquarters in Mapo-gu, Seoul, and took a commemorative photo. Hyosung

Hyosung will provide funding for the propagation and restoration of endangered insects such as the jewel beetle, dung beetle, and giant water bug until 2027. The National Institute of Ecology will transfer its expertise in ecosystem restoration, including artificial propagation techniques for dung beetles, while Supsokui Jageun Chingudeul, a company specializing in insects, will use this knowledge to restore endangered insect species. Hyosung's funding will be used to establish breeding systems for artificial propagation and to purchase feed. Last year, Hyosung also supported Supsokui Jageun Chingudeul by providing facilities for the artificial propagation of jewel beetles and giant water bugs.

Hwang Yuneon, CEO of Hyosung, stated, "We have continued various species conservation activities, including the creation of eelgrass forests to preserve marine ecosystems and providing food for migratory birds to protect endangered bird species. With this insect restoration agreement, we will further strengthen our ecological conservation activities, spanning land, sea, and sky."