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.
Hyosung Group Chairman Cho Hyun-joon took a business trip to the United States to tour the group’s plants and meet high-profile lawmakers in a bid to strike potential business agreements.
Hyosung Heavy Industries will invest 1 trillion won ($883 million) in a liquefied hydrogen plant in Ulsan, and wants to make it the largest factory of its kind.
The heads of four Korean business groups met Thursday to form a committee dedicated to investment and business opportunities in hydrogen.
Hyosung Group has nearly doubled in size in a matter of months, helped along by rebounding economies globally and strong demand for spandex. The market cap of its listed companies jumped from 5 trillion won in December to 9.5 trillion won.
Hyosung Heavy Industries will sell 50-megawatt energy storage systems (ESS) to the United Kingdom, the company said Monday. Hyosung’s customer is the U.K. energy infrastructure company Downing.