HS Hyosung Group officially founded with “Value Together” by Vice President Cho Hyun-sang

On June 27, HS Hyosung held its inaugural event, a town hall meeting titled “HS Hyosung Talk Together, Season 1,” and conducted volunteer activities at the country’s first smart farm for the disabled. The town hall meeting was attended by approximately 1,000 employees of HS Hyosung and its global subsidiaries both in person and online, and engaged in interactive communication. Vice Chairman Cho Hyun-sang, wearing jeans and a hoodie as usual, presented HS Hyosung’s vision in a natural and pleasant atmosphere and led a question-and-answer session.

Just a few days later, on June 30, HS Hyosung announced the appointment of Cho Hyun-sang, vice chairman of the Hyosung Group, and Ahn Sung-hoon, vice president of Hyosung Heavy Industries, as its first CEOs. In addition, Shin Deok-soo was appointed head of the support department and Lee Chang-yeop was appointed head of the finance department. The board of external directors includes notable figures such as former deputy prime minister Kwon O-kyu, former Supreme Court judge Park Byung-dae, director of Incheon Sejong Hospital Oh Byung-hee, and vice president of research at KAIST Lee Sang-yeop.

On July 1, the HS Hyosung Group was officially established under the leadership of Vice Chairman Cho Hyun-sang. Vice Chairman Cho has made “value management” a priority and introduced “Value Together” as the slogan for HS Hyosung. The newly established holding company includes major subsidiaries such as HS Hyosung Advanced Materials, HS Hyosung Information Systems, HS Hyosung Holdings USA, HS Hyosung The Class, HS Hyosung Toyota, HS Hyosung Vina Logistics Corporation and Gwangju Ilbo. The company’s sales are estimated at 7 trillion won, it has about 90 branches worldwide and employs about 10,000 people.

Instead of a formal opening ceremony, the event aimed to create a positive and healthy corporate culture through communication with employees, reflecting Vice Chairman Cho’s intentions. Vice Chairman Cho emphasized, “We must prioritize ‘value’ as our core DNA to provide excellent value to our customers and shareholders, ensure that our activities positively impact the future of all humanity, and make all members of the HS Hyosung family happy.” He added, “We will pursue ‘value management’ that prioritizes value creation for all stakeholders, including shareholders, customers, HS Hyosung family members, partners, and local communities, and grow together.”

The establishment of HS Hyosung is an important milestone in the history of the Hyosung Group, a large South Korean conglomerate with a diverse portfolio that includes textiles, chemicals, industrial machinery, IT and trading, among others. The establishment of the new holding company is intended to streamline operations and improve corporate governance, a crucial aspect of running South Korean conglomerates (chaebols).

Vice Chairman Cho Hyun-sang’s leadership style of approachability and a focus on value management is expected to lead HS Hyosung toward sustainable growth. His emphasis on creating value for all stakeholders is in line with the general trend of corporate social responsibility (CSR) in South Korea, where companies are increasingly focusing on social contributions and sustainable practices.

The town hall meeting and volunteer activities at the Smart Farm for the Disabled reflect HS Hyosung’s commitment to fostering a positive corporate culture and contributing to the community. This approach is indicative of the evolving corporate culture in South Korea that values ​​transparency, employee engagement and social responsibility.

As HS Hyosung embarks on this new path, the company’s strategic vision and commitment to value management are expected to drive its long-term success and positive impact on the global market. With a strong leadership team and a clear focus on stakeholder value, HS Hyosung is poised to make significant strides in the industry.