History

Introducing the shining moments of HS HYOSUNG's journey,
from numerous challenges and successes
to grow as a global leader.

2020~
Present
2024

Established a new holding company, HS HYOSUNG Corporation.

Incorporated affiliates, including HS HYOSUNG ADVANCED MATERIALS, HS HYOSUNG INFORMATION SYSTEMS, HS HYOSUNG TOYOTA, HS HYOSUNG THE CLASS, HS HYOSUNG THE PREMIUM, HS HYOSUNG PREMIER MOTORS, HS HYOSUNG GLOBAL LOGISTICS VINA COMPANY, AND HS HYOSUNG USA HOLDINGS

HS HYOSUNG Corporation
2023

Hyosung Advanced Materials expanded its carbon fiber production facility with the 4th and 5th line at Jeonju Plant.

Hyosung Advanced Materials established a carbon fiber production corporation in Ba Ria-Vung Tau Province, Vietnam.

Hyosung Advanced Materials expanded its carbon fiber production facility with the 4th and 5th line at Jeonju Plant.
2022

Hyosung Advanced Materials decided to establish a carbon fiber production corporation in Jiangsu Province, China.

2021

Hyosung Advanced Materials acquired 'Gold Medal' in EcoVadis 2021 Sustainability Assessment.

Hyosung Advanced Materials expanded its Aramid plant in Ulsan.

Hyosung Advanced Materials signed a long-term carbon fiber supply contract with Hanwha Solutions.

Hyosung Advanced Materials acquired 'Gold Medal' in EcoVadis 2021 Sustainability Assessment.
2020

Hyosung Advanced Materials expanded Carbon Fiber Production Line in Jeonju Plant.

The Class Hyosung signed an MOU with Citibank.

Hyosung Information Systems opened DX Center, a demonstration center for data center solutions.

2010~2019
2019

Hyosung Advanced Materials won the '500 Million Dollar Export Tower' award at the 56th Trade Day.

효성첨단소재, 제56회 무역의 날 '5억불 수출의 탑' 수상
2018

Hyosung split into a holding company (Hyosung Corporation) and 4 business companies: Hyosung TNC, Hyosung Heavy Industries, Hyosung Advanced Materials, and Hyosung Chemical.

Hyosung Advanced Materials established a new tire cord production subsidiary in Vietnam.

2016

Hyosung Group celebrated its 50th anniversary.

Hyosung Group celebrated its 50th anniversary.

Completed the interior PU automotive carpet plant in Qingdao, China.

The operating profit in 2016 exceeded 1 trillion won, joining the 'Trillion Club.'

2015

Selected as an 'Excellent Cultural Arts Sponsor' by the Ministry of Culture, Sports and Tourism.

Launched the Creative Economy Support Team (Jeonbuk)/Opened Jeonju Carbon Specialized Startup Incubation Center.

Hyosung and Jeollabuk-do launched a bus equipped with carbon fiber CNG tanks.

Hyosung Information Systems achieved No. 1 in the high-end storage market.

Acquired 2015 Family-Friendly Excellent Company certification.

Acquired Gwangju Ilbo.

Launched the Creative Economy Support Team (Jeonbuk)/Opened Jeonju Carbon Specialized Startup Incubation Center
2014

Hyosung Information Systems’ HDS was selected as the 'Best Supplier' in the '2014 Quality Award.’

The Class Hyosung opened a showroom in Cheonan.

High-performance carbon fiber TANSOME won the 2014 Korea Technology Award.

High-performance carbon fiber TANSOME won the 2014 Korea Technology Award
2013

Completed the Jeonju Carbon Fiber Plant and acquisition of ISO certification.

Launched the carbon fiber brand TANSOME®.

Launched the carbon fiber brand TANSOME®

Tire Reinforcement PU acquired international carbon labeling certification.

2011

Announced successful carbon fiber development and investment plan.

Tire Reinforcement PU signed a $1.8 billion steel cord supply contract with Goodyear

Tire Reinforcement PU signed a $1.8 billion steel cord supply contract with Goodyear
(the largest in the steel cord industry).

Acquired Global Safety Textiles (GST, the world's No. 1 airbag fabric manufacturer).

2010

Tire Reinforcement PU announced the establishment of steel cord joint ventures with Sumitomo Corporation in China and Thailand.

2000~2009
2009

Completed construction of an aramid fiber plant.

Completed construction of an aramid fiber plant

Launched Hyosung Toyota.

2007

Constructed a tire cord factory in Vietnam.

The Class Hyosung ranked No. 1 in customer satisfaction for three consecutive years.

Constructed a tire cord factory in Vietnam
2006

Selected as the 'Most Respected Company' for three consecutive years.

Constructed a steel cord plant in Nanjing, China.

Held ceremony commemorating the 100th anniversary of the birth of Chairman Manwoo Hong-Je Cho.

Signed a $3.2 billion tire cord supply contract with Goodyear.

2005

Hyosung Information Systems received the Minister of Information and Communication Award.

Signed a long-term supply contract worth $650 million with Michelin and acquired a local plant.

2004

Completed the Jiaxing Tire Cord Plant in China.

Completed the Jiaxing Tire Cord Plant in China

Launched 'Ion-Free', an interior PU and PTT carpet.

Eonyang Plant acquired ISO/TS 16949:2002 certification

2003

Developed Nylon 66 airbag yarn.

Developed Nylon 66 airbag yarn

Tire Reinforcement PU Ulsan Plant acquired ISO/TS 16949:2002 certification.

Established Hyosung Steel Wire Qingdao Co., Ltd. in Qingdao, China.

Established The Class Hyosung, an imported car sales subsidiary.

2002

Acquired Michelin's Scottsville Tire Cord Plant in the USA.

The tire cord sector concluded a long-term supply contract with Michelin.

2001

Developed and launched the world's first high-performance PTT carpet.

Developed and launched the world's first high-performance PTT carpet

Hyosung Information Systems formed a strategic alliance with SUN for storage sales.

1990~1999
1998

Hyosung T&C, Hyosung Trading Company, Hyosung Living Industry and Hyosung Heavy Industries merged into Hyosung Corporation.

The Steel Cord Division acquired ISO 9001 certification.

Hyosung T&C, Hyosung Trading Company, Hyosung Living Industry and Hyosung Heavy Industries merged into Hyosung Corporation
1997

Completed construction of the Cheongwon Household Carpet Factory.

The Chemical Fiber Division acquired ISO 9001 certification.

1996

Changed the name of Tongyang Nylon to Hyosung T&C.

Changed the name of Tongyang Polyester to Hyosung Living Industry.

Hyosung Living Industry established Hyosung VINA in Vietnam.

Hyosung Living Industry established Hyosung VINA in Vietnam
1995

Tongyang Nylon completed construction of the Daejeon Tile Carpet Factory.

1992

Tongyang Nylon began full-scale production and sales of artificial turf for interior use.

1990

Tongyang Nylon received the $500 Million Export Tower Award.

1980~1989
1987

Tongyang Nylon completed construction of the Eonyang Steel Cord Factory.

Tongyang Nylon completed construction of the Eonyang Steel Cord Factory
1986

Hyosung NAS installed the first system in a public institution (Korea Electric Power Corporation) in 1986.

1985

Established Hyosung NAS (currently Hyosung Information Systems).

Completed construction of Anyang Integrated Research Center.

Completed construction of Anyang Integrated Research Center
1984

Hyosung Group's founder, Chairman Hong-Je Cho, passed away.

1983

First export of tire cord manufacturing technology to India.

1981

Tongyang Nylon completed employee apartments at the Ulsan plant.

1966~1979
1978

Successful commercialization of Korea's first polyester tire cord fabric.

Successful commercialization of Korea's first polyester tire cord fabric
1977

Developed BCF yarn for carpets.

1975

Held completion ceremony of Tongyang Polyester's Ulsan plant.

1973

Established Toplon Co., Ltd.

Established Tongyang Polyester Co., Ltd.

Established Tongyang Polyester Co., Ltd.
1971

Established the Technology Research Institute.

Established the Technology Research Institute
1970

Tongyang Nylon merged with Hanil Nylon Co., Ltd.

Tongyang Nylon began production of conveyor belt fabric at its Ulsan plant.

1968

Tongyang Nylon held the completion ceremony of the Ulsan plant.
Started production of tire cord fabric.

Tongyang Nylon held the completion ceremony of the Ulsan plant
1966

Tongyang Nylon Corporation was established.

Tongyang Nylon completed construction of the tire cord factory at its Ulsan plant.