Vice Chairman Hyun Sang Cho: "Value-Based Management at the Core... United by Founders' Spirit"

HS Hyosung Group Celebrates First Anniversary
Vice Chairman Hyun Sang Cho Emphasizes "Value-Based Management"
Focus on Sustainable Growth and Technological Innovation

Hyun Sang Cho, Vice Chairman of HS Hyosung Group, stated on July 1, "We are an organization united by the spirit of our founders," and emphasized, "Let us create value of such depth, centered on value-based management, that no one can match us."

HS Hyosung celebrated its 1st anniversary by hosting a Family Day for employees' children on the 28th of last month. Hyun Sang Cho, Vice Chairman of HS Hyosung, has been organizing Family Day events for over 10 years, starting from his time as Head of Industrial Materials PG at Hyosung Corporation. HS Hyosung

At the first anniversary ceremony held at the company's headquarters in Mapo-gu, Seoul, Vice Chairman Cho said, "In the midst of technological revolutions such as artificial intelligence (AI), the real competition will be a battle of depth."

The event was attended by about 200 employees, including Vice Chairman Cho and Co-CEO Seonghoon Ahn, and more than 20 domestic and overseas business sites also participated online.

Vice Chairman Cho stressed, "The vision of HS Hyosung goes beyond short-term profit and focuses on creating sustainable value," adding, "Value-based management is the direction we must pursue and the central pillar of the greater history we will achieve together."

HS Hyosung is currently reorganizing itself as a technology-driven organization by establishing the Hyosung Advanced Research & Technology Institute (HARTI) and expanding its research workforce by more than 30%. The company maintains the number one global market share in the polyester tire cord sector and continues to expand its presence in the global market with proprietary technologies such as the carbon fiber "TANSOME" and the aramid fiber "ALKEX."

Meanwhile, HS Hyosung marked its first anniversary with the slogan "Value and Together," organizing events that included both employees and their families. Coffee truck events were held at business sites worldwide, and the headquarters hosted a "Family Day" event for employees' children. In addition, the company is fulfilling its corporate social responsibility by launching the "Value and Together Volunteer Group."