SEOUL, Jul. 5 (Korea Bizwire) — Cho Hyun-moon, former vice president of Hyosung Corp. and estranged son of the company’s founding family, on Friday pledged to end his yearslong conflict with his brothers and donate an inheritance from his late father to society. At a press conference held in Seoul, Cho said he will donate [...]
SEOUL, April 28 (Korea Bizwire) — Chemical-focused conglomerate Hyosung Group said Tuesday it has signed an initial agreement with Linde, a German chemical firm, on a 300 billion-won (US$245 million) project to build the world’s largest liquid hydrogen plant in South Korea. The two sides plan to set up a joint venture within this year [...]
SEOUL, Sept. 14 (Korea Bizwire) – After an in-depth investigation program from a Seoul-based terrestrial TV channel revealed circumstantial proof that the owner of Hyosung Group created secret funds, the company denied the allegations and threatened the TV channel by taking legal action. On September 12, SBS TV’s hit investigative reporting program “I Want to [...]
SEOUL, Sep. 17 (Korea Bizwire) – Hyosung Group has won an international certification on its 5-megawatt offshore wind power system. The group said on September 16 that it secured the B-type certification on the 5-magawatt wind power generation system that it has developed and run experimentally from Germany’s DEWI Offshore and Certification Centre GmbH, a certification organization. Earlier [...]
SEOUL, July 3 (Korea Bizwire) – Hyosung Group decided to make a full innovation in their working environment by introducing a “Work Smart” campaign abolishing written approval procedure in the work processes. From July 1, Hyosung Group began the campaign to encourage communication among workers and maximize the business result by abolishing all the processes not [...]
SEOUL, May 22 (Korea Bizwire) – A study said the total amount of penalties and punitive charges imposed on Korea’s top-30 business groups for the past three years surpassed 2 trillion won. By amount, LG Group topped the list with almost 40 percent in the total. In terms of the number of cases, Samsung Group was ranked [...]