Hyun-Joon Cho, Chairman of Hyosung, Active in ESG Management

SEOUL,South Korea,June 20,2023 --Hyun-Joon Cho,the Chairman of Hyosung,is in acceleration in ESG management. Chairman Cho,who stresses "Customer Obsession Management" this year,is actively developing eco-friendly businesses and activities for the customers who ask companies for high-leveled environmental awareness and responsibilities.

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'RE:GEN,' NewESG Brand of Hyosung

Chairman Hyun-Joon Cho is increasing investment in eco-friendly products and technology development by presenting 'RE:GEN',as the ESG brand of Hyosung,from 2023,expanding its eco-friendly businesses.

RE:GEN means the response to the future of all generations. It is a brand to represent constantly innovating and endeavoring ESG Management activities to respond to sustainability requested by the present and future generations.

It is divided into five themes total: ∆RECYCLE ∆UPCYCLE that the abandoned materials,such as plastics,will be reborn as a product by recycling them; ∆SAVE to develop the technologies for saving resource use; ∆ZERO to minimize the generation of carbon; and ∆NEW ENERGY to develop renewable energy,such as hydrogen.

Wide range of Eco-friendly Businesses,such as Textile,Plastics,Hydrogen

At present,Chairman Hyun-Joon Cho leads the eco-friendly businesses of Hyosung in front. He overall manages eco-friendly businesses in which Hyosung is a frontrunner,such as 'Regen,' a textile made by recycling pet bottles,first developed in Korea; 'Polyketone,' eco-friendly engineering plastics,first successful in commercialization in the world; and 750kW level wind turbines,which was first developed in Korea.

In addition,existing products are being improved to be eco-friendly. These include developing the bio-spandex to create corn-extract by combining eco-friendly technologies with the spandex,a global No.1 market shareholder. The sustainable future is explored in the existing businesses.