Hyosung TNC will invest $1 billion in a plant in Vietnam that produces butanediol, used to manufacture plastics and films.
Hyosung Honorary Chairman Cho Seok-rae, the father of incumbent chairman Cho Hyun-joon, was awarded the eighth Korea-Japan Forum Award for his contribution to improving bilateral ties and leading economic growth.
In the race to make Korea carbon neutral by 2050, at least 25 percent of carbon reduction will be achieved through hydrogen.
In its ruling, the court said he deserved a heavy sentence because he didn't simply use marijuana, but recommended others to buy the drug as well.
Hyosung CEO and Chairman Cho Hyun-joon was named CEO of the year, the energy company said Wednesday.
Everyone is getting into NFT, whether their businesses are crypto-related or not. From mobile carriers to manufacturers, NFTs are fast becoming marketing tools for companies seeking to appeal to younger demographics.
Plastic bottles are a source of pollution when thrown away, but they can be a source of new fabric when properly recycled.
Hyosung TNC, the Hyosung Group's spandex manufacturer, saw nearly 500 percent growth in net last year as demand boomed and the company's increased manufacturing capacity fulfilled it.
Hyosung Group is investing 1 trillion won ($836 million) in South Jeolla, joining the region's ambition to become Korea's hub for the green hydrogen business.
Two G 63 Hyosung are shown on display Thursday. The Class Hyosung, the official Mercedes-Benz dealer, disclosed the limited model of the high-performance SUV, of which only 10 will be on sale in Korea.
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