Hyosung

Hyosung Group is a major South Korean conglomerate established in 1966. The company operates across diverse sectors including textiles, heavy industries, chemicals, and information & communication.

== History == 1966: Foundation of Tongyang Nylon Corporation 1970: Merger of Hanil Nylon Co., Ltd. 1971: Foundation of the Electronic Communication Research Center 1973: Foundation of Tongyang Dye Engineering Co., Ltd. 1973: Foundation of Tongyang Polyester Co., Ltd. 1973: Foundation of Toplon Co., Ltd. 1975: Acquisition of HanYoung Industrial Co., Ltd. 1978: Development of BCF yarn for carpets 1978: Foundation of Heavy Industries Technology Research Institute 1980: Construction of Gumi Computer Plant 1984: Merger with Toplon Co., Ltd. 1984: Merger with Hyosung Construction Co., Ltd. 1985: Establishment of Hyosung NAS Co., Ltd. (currently Hyosung Information Systems) 1986: Establishment of Hyosung Hitachi Data Systems Co., Ltd. (currently Hyosung TNS) 1987: Foundation of Korea Engineering Plastics Co., Ltd. 1987: Merger with Wonmi Fiber Industry Co., Ltd. 1988: Foundation of Resin Processing Research Institute 1989: Entry into PP and propylene business 1989: Foundation of Hyosung EBARA 1994: Foundation of Hyosung Information & Communication Co., Ltd. 1996: Changed the name of Dongyang Nylon to Hyosung T&C 1996: Changed the name of Dongyang Polyester to Hyosung Living Industry 1996: Established Hyosung VINA Co., Ltd. in Vietnam 1996: Started polyester film business 1998: Merger of Hyosung T&C, Hyosung Trading, Hyosung Living Industry, and Hyosung Heavy Industries into Hyosung Corporation Organizational restructuring- 5 PGs (Performance Groups) and 31 PUs (Performance Units) 2003: Development of nylon 66 yarn for airbags 2003: Establishment of The Class Hyosung, imported car sales corporation 2003: Development of silver fiber 'Mipan Magic Silver' 2004: Launch of nylon 66 clothing yarn 'Zenio' 2004: Interior PU launched PTT carpet 'Ion-free' 2004: Development of silver nanofiber 'Mipan Nano Magic Silver' 2006: Successfully developed Korea's first wind turbine system 2007: Launch of recycled yarn 'Mipan regen' 2008: Acquisition of ChinHung International, Inc. 2008: Completed a photovoltaic power plant in Taean, Chungcheongnam-do 2009: Establishment of Hyosung Toyota Corporation 2010: Fiber PG supplied Askin materials to Uniqlo 2011: Tire & Industrial Reinforcements PU signs $1.8 billion steel cord supply contract (industry's largest) 2011: Acquisition of Global Safety Textiles (GST), world's largest airbag fabric manufacturer 2011: Wind Power Division ships first commercial 2MW wind turbine 2013: Launch of carbon fiber brand 'TANSOME' 2013: Launch of the integrated apartment brand ‘Hyosung Harrington Place’ by Construction PU and ChinHung International 2013: World's first commercialization of high polymer material 'polyketone' 2013: Certification secured for pressurized hollow fiber membrane module by Hyosung R&DB Labs 2014: Opening of Some Sevit (Sevit Island) 2016: Power Systems PU successfully developed Korea's first 15MW-class tidal power generator 2016: POK Business Division obtains automotive management system certification 2017: Cho Hyun-joon appointed as Hyosung Group chairman representative director 2018: Hyosung splits into holding company Hyosung Corporation and four operating companies: Hyosung TNC, Hyosung Advanced Materials, Hyosung Heavy Industries, and Hyosung Chemical 2019: Hyosung Corp. established Production Technology Center 2019: Hyosung TNC introduces sustainable spandex 'creora regen 2019: Hyosung Heavy Industries establishes Korea's first liquid hydrogen refueling station in Samcheok, Gangwon Province 2019: Hyosung Heavy Industries successfully develops and demonstrates Korea's first voltage-source HVDC 2020: Hyosung Chemical and KIST (Korea Institute of Science and Technology) partner to develop advanced gas barrier packaging film materials 2021: Hyosung Heavy Industries and Linde establish joint venture for liquid hydrogen business and commence construction of Ulsan liquid hydrogen plant 2022: Hyosung TNC achieves world's first commercialization of bio-based spandex 2023: Hyosung TNC launches sustainable black spandex 2023: Hyosung TNC first to apply recycled fishing net fiber 'regen Ocean Nylon' in outdoor apparel