Korea Joongang Daily
Korea JoongAng Daily

Hyosung TNC to acquire gas affiliate Hyosung Chemical for $642 million

Hyosung TNC plans to acquire Hyosung Chemical for 920 billion won to diversify its portfolio. The deal, pending shareholder approval, aims to position the company for growth in the semiconductor and specialty gas sectors.

2024-12-12

Hyosung Chemical cancels M&A deal as struggling Samsung pulls orders

Hyosung Chemical's attempts to sell its specialty gas division failed due to lagging sales and poor performance from major client Samsung Electronics. Ongoing M&A developments and financial difficulties leave the company seeking new investors.

2024-11-25

Hyosung's Cho Hyun-sang to lead APEC business advisory council

HS Hyosung Vice Chairman Cho Hyun-sang has been appointed to head the business advisory council of the Asia-Pacific Economic Cooperation (APEC), the Korean Chamber of Commerce and Industries (KCCI) said Wednesday.

2024-11-13

Vietnamese prime minister greenlights $4 billion Hyosung investment

Hyosung Chairman Cho Hyun-joon secured Vietnamese Prime Minister Pham Minh Chinh's support for a future investment of at least $4 billion during a visit to Hanoi on Monday.

2024-10-15

Estranged son of late Hyosung honorary chairman will donate entire inheritance

Cho Hyun-moon, the estranged second son of the late honorary Hyosung Group Chairman Cho Suck-rai, pledged to donate his entire inheritance to establish a public truest.

2024-07-05

Samsung, Hyundai, Hyosung chiefs talk future investment with Vietnamese prime minister

Samsung, Hyundai and Hyosung executives discussed investment plans with Vietnamese Prime Minister Pham Minh Chinh on Tuesday.

2024-07-02

Hyosung Group to launch latest holding company HS Hyosung

HS Hyosung, Hyosung Group’s new holding company led by Vice Chairman Cho Hyun-sang, will officially launch on Monday.

2024-06-30

Hyosung Group's late honorary chairman seeks family unity with will amid brotherly estrangement

Cho Suck-rai called for his sons to mend their ties in his will granting his estranged second son, Cho Hyun-moon, his portion of inheritance while urging the brothers to get along.

2024-05-16

Hyosung Heavy Industries named to prestigious BNEF Energy Storage Tier 1 list

Hyosung Heavy Industry was named to BNEF's Energy Storage Tier 1 list. It currently operates ESS systems in over 200 regions.

2024-04-29

Hyosung TNC to build a $1 billion spandex materials plant in Vietnam

Hyosung TNC will invest $1 billion in a plant in Vietnam that produces butanediol, used to manufacture plastics and films.

2024-04-03