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Untitled - Hyosung

VIEWS: 94 PAGES: 106

									02 Chairman’s Message


04 Global Excellence Hyosung


14 Business Structure


72 Research & Development


78 Social Contribution Management


88 About Hyosung
   Global
Excellence
 Hyosung
With the goal of becoming the top global enterprise based on
Value Management through ‘Global Excellence’, Hyosung is
endeavoring to identify the growth drivers of the future, such as
new materials and eco-friendly business areas, by establishing
a performance management system consisting of 7 performance
groups and 23 performance units.
Hyosung is leading lifestyles in society, from commodities to
core industrial materials and cutting-edge financial information
systems. Also, with its slogan ‘Hyosung Way’, Hyosung is
moving forward to become a top notch global company by
conducting its core values - ‘ Global Excellence, Innovation,
Accountability, Integrity’. Hyosung is also becoming a global
life-culture business as it continuously secures the best
technology and management skills along with its sustainable
management that commits to social responsibilities.
02




     Chairman’s Message
                                                                                                                   03
                                                                                                 Chairman’s Message
                                                                                             Global Excellence Hyosung




At Hyosung,
we aim to become the company that
creates a living culture full of happiness for the future.

On behalf of everyone at Hyosung, I would like to express my sincerest gratitude to all our customers
for their continuous support and encouragement.


Hyosung has played the role of a locomotive of Korea’s economic growth for over 40 years since the
company’s foundation. Through continuous challenges and achievements, we have been working
hard to deliver the best in value to our customers in a variety of fields, such as heavy industry,
industrial materials, fibers, chemicals, construction, trade, and information technology.
As a result, we occupy the world’s no.1 position in tire cords, and leads the world markets in a
number of sectors, including spandex and heavy electrical equipment. We are renowned for our
outstanding quality, based on high technology, in Korea as well as abroad, especially in the areas of
motors, pumps, carpets, PET bottles, polyester yarn, nylon yarn and ATMs.
In addition, we actively operate a global management system, and have secured footholds in Asia,
the Americas, and Europe through our 52 expanded global manufacturing and sales bases.
Hyosung is working hard to satisfy our customers all around the world with the best technologies and
services. Furthermore, we are receiving considerable recognition as the company with higher future
values by conducting strategic investments and engaging in independent technology development,
including in the renewable energy, electronic materials, and industrial materials sectors. These are
becoming our new growth engines. At Hyosung, we will do our best to be loved and trusted by our
customers through the aggressive pursuit of full customer satisfaction in the years ahead.


The company that is making further dreams come true... Hyosung.
Hyosung will be with you as a reliable partner delivering the best enhanced value of life to our
customers.




                                                                                            S. R. Cho,
                                                                                       Chairman and CEO
04
                                                                                                                05




             In order to realize our goal of ‘Value Management by Global Excellence’, Hyosung has

             established global networks consisting of a total of 52 offices: 20 manufacturing corporations,

GLOBAL       8 trade corporations (5 branch offices), and 19 trade offices around the world, including in the

             U.S., China, and Europe.

EXCELLENCE   Hyosung produces a wide range of products, including the world’s No.1 Tire Cords in market

             share and the world’s best Spandex, as well as Transformers, PET Bottles, and ATMs. With


HYOSUNG      global manufacturing bases in the U.S., China, Vietnam, and Europe, the company continues

             to grow through new product development, continuous R&D investment, customer-oriented

             service activities, and aggressive localized marketing strategies.
06
                                                          07



Hyosung’s power
system technology
to light up the world.
With Hyosung’s world-famous technology in heavy electric
machine, you can enjoy even more fabulous night view at the
Twin Towers in Malaysia. Hyosung’s transformers provide a
stable supply of electricity.
08
                                                             09



Wherever the best
tires go, Hyosung’s
tire cord goes.
Hyosung’s technology stands out even at racing tournaments.
Hyosung’s tire cords allow vehicles to achieve record-breaking
speeds. With technology at the world-class level, Hyosung
guarantees the speed and the technology.
10
                                                           11



Enjoy a comfortable
life with functional
fibers.
Hyosung’s yarn fibers are favored by world-renowned apparel
makers. Customers can enjoy a constant feeling of freshness
during exercise and in everyday life with Hyosung’s cutting-
edge functional fibers.
12
                                                             13



Hyosung ATM is
offering fast and easy
financial transactions.
Hyosung’s ATM technology allows you to make fast and easy
financial transactions anywhere at anytime including New York,
the centre of the global world.
14




     BUSINESS
     STRUCTURE
     With Customers, With the World - Your Reliable Partner, Hyosung.
     Hyosung stands as a global enterprise based on outstanding technology and services in various business

     areas, such as heavy industries, industrial materials, fibers, chemicals, construction, trades, and information

     technology. With the motto of ‘Global Excellence’, Hyosung is endeavoring to bring much greater values to

     our customers’ lives and will become a beloved and trusted enterprise with continuous challenges and

     innovation.
                                                                           15
                                                                     Business
                                                                     Structure




Power & Industrial Systems
 Power Systems PU        Industrial Machinery PU
 Hyosung EBARA PU         Wind Energy Business Division


Industrial Materials
 Tire & Industrial Reinforcements PU      Technical Yarn PU
 Interior PU      Aramid Business Division


Textile
 Spandex PU       Nylon Polyester Fiber PU
 Fabric / Dyeing PU


Chemicals
 PP/DH PU   Film PU  Packaging PU
 TPA PU   Neochem PU   Optical Film Business Division


Construction
 Construction PU      HEEC PU
 Chinhung International, Inc.


Trading
 Steel & Metal Products PU ,
 Chemical Products PU     Trans-World PU


Information & Communication & IT
 Nautilus Hyosung PU       HIS PU
 Hyosung ITX Co., Ltd.

Other Affiliated Companies
 Hyosung Capital PU        The Class Hyosung Co., Ltd.
 Hyosung Toyota Corporation        Galaxia Photonics Co., Ltd.
 Galaxia Electronics Co., Ltd.    Galaxia Communications Co., Ltd.
Power & Industrial Systems
  Power Systems PU           Industrial Machinery PU         Hyosung EBARA PU         Wind Energy Business Division




Having led numerous developments in the domestic power industry, Hyosung’s field of

power & industrial systems possesses the best technology competencies in the global

heavy electric equipment sector, the core of the industrial energy industry. Hyosung has

exported those products to a number of locations in the Americas, the Middle East, and

Asia, and has received constant recognition for product quality. Furthermore, Hyosung

maintains a competitive edge in a number of business sectors, such as motors, gear

reducers, and industrial pumps, in addition to the power equipment sector, providing

products such as transformers, circuit breakers, and electric & electronic devices.
                           17



        We possess the best
 technology competencies
in the global heavy electric
equipment sector, the core
    of the industrial energy
                   industry.
18




     Power Systems PU




                Founded in 1962, Hyosung’s Power Systems Performance Unit, which is a leading manufacturer
                of power transmissions and transformers, has been dedicated to developing the nation’s electronic
                industry by distributing power utilities. It has produced and manufactured control panels such as
                transformers, circuit breakers and has recently reinforced a new business deal with IT-based
                power automation and Smart Grid including power monitors and prevention systems.
                On the basis of its unique technological know-how, Hyosung has steadily delivered new
                products and technical solutions to a full spectrum of power generations, transmissions, and
                distribution services, from design and engineering to maintenance of equipments. Also, the
                company’s continued investment on research and development guarantees its sustained
                prominence in the world market.
                In 1992, Hyosung was the groundbreaker in Korea, and the sixth in the world, to develop the
                765kV Ultra-High Voltage(UHV) Transformer, and in 1999, the first in the world to
                manufacture the 800kV Gas Insulated Switchgear(GIS), which has put the company on equal
                technological ground with its top global competitors.
                With such world-class technology, the company established Baoding Hyosung Tianwei
                Transformer Co., Ltd., a joint venture with the Baoding Tianwei Organization. This was
                established in 2003, and by the end of 2004, we had established a production plant producing
                11,000 distribution transformers per year. Also in 2006, we acquired one of the top five
                companies in quality terms as certified by the Chinese government, Nantong Hyosung
                Transformer Co., Ltd. in Jiangsu, expanding its production facility starting from 2008. In the
                future, we hope to become one of the top 3 major businesses in China by entering into heavy
                electric machines, such as circuit breakers and power motors. Also, we are ready to grow as a
                global enterprise through localization in other countries.
                                                                                                                                                      19
                                                                                                                           Business Structure
                                                                                                                     Power & Industrial Systems




                                      800kV GIS                   Molded Distribution Transformers                               Solar Power System


   Major Products
   UHV Transformers                                                    Control Panels
Hyosung produces all classes of power transformers ranging         Hyosung produces 24~36kV GIS control panels based on
up to 765kV 2000MVA. It continues to demonstrate technical         perfect insulation and equipped with protection relay and
excellence in reliable and high-quality transformers that meet     measuring instruments, these products are indispensable in
the most exacting international standards such as KS, ES,          putting up integrated monitoring control systems and
IEC, ANSI, IEEE, NEMA, BS, JIS and JEC.                            producing highly reliable electronic control panels, which also
                                                                   guarantees high performance. Already having been certified
   UHV Circuit Breakers                                            by such international institutions like CESI and KERI, the
Some of the world’s most complex and advanced circuit              company is also capable of customizing products to meet
breaking equipments are manufactured in the company’s              other standards including ANSI, IEC, JEM, and ES.
state-of-the-art facility in Changwon. Hyosung developed the
world’s first 800kV double-pole at this facility, expanding its        Steel Towers
product offerings from 72.5kV up through 800kV and proving         Hyosung manufactures a variety of steel structures including
itself a leader in this area.                                      765kV power transmission steel towers and telecommuni-
                                                                   cation steel towers at its Jochiwon Factory, furnished with the
   Oil-immersed Distribution Transformers                          world’s largest steel structure load testing facility, and supplies
The superior quality of this product is testified by a large       them to domestic and overseas markets.
number of petrochemical projects and other industrial plants
all over the world including America, Middle East, and Asia.           Digital Relay
Meanwhile, the company’s unwavering drive for innovation           It is a necessary component of power systems. Hyosung’s
has led to the development of high-efficient and more cost-        Pro series, a total solution for protection, control,
competitive, compact transformers such as the Amorphous            measurement, and communication of a power system,
Core transformer and the Corrugated Radiator.                      consists of ProPAC, ProTAC, and ProNET.

   Molded Distribution Transformers                                    Engineering & Services
This product, which succeeded in minimizing electrical loss,       Hyosung is engaged in the new-conceptive business to
noise, size and weight, is offered in various models and           provide the best service and ensure the safety of customers
scales. The company’s high technological standards have            based on the expertise on engineering, installation, audit,
been domestically and internationally recognized on multiple       maintenance, inspection, safety diagnosis and preventive
occasions.                                                         actions for power facilities.

   Solar Power System                                                  Preventive Diagnostic System
Since receiving a plant-building order for Samrangjin Solar        We collect data of conditions of equipment online by installing
Power System (3MW) of West Power Generation, a subsidiary          various kinds of sensors to prevent major accidents. This
of KEPCO, in June 2007, the company has been participating         system secures the reliable operation of industrial facilities and
in the solar power system market in full-scale.                    provides high quality electric power fluently, preventing any
                                                                   operation interruptions beforehand.
20




     Industrial Machinery PU




                 The Industrial Machinery Performance Unit plays an important role in infrastructure industry
                 around the globe and specialized in manufacturing all types of motors, gear reducers,
                 generators, Green Energy and Industrial machines.
                 The Industrial Machinery Performance Unit has the ability to produce maximum 20,000 horse
                 power motors and has an automated production line which is capable of manufacturing more
                 than 40,000 motors in every month. Our accumulated technologies and various experiences
                 have made it possible to develop Turnkey-based engineering projects including ropeway, co-
                 generation system, test facilities, material handling system, and alternative refueling system.
                 Hyosung confidently performs in developing and building the most competitive products, and
                 aim at achieving the world’s highest quality and the most advanced technology in 21st century.
                 Efforts in Innovation amongst rotary machineries will make significant contributions to create
                 the energy profitability as well as efficiency. Hyosung will serve as a world-leading provider of
                 industrial machinery and plant engineering by focusing on innovative energy conservation,
                 enhanced reliability on new products, and development of new technologies.
                                                                                                                                                               21
                                                                                                                                 Business Structure
                                                                                                                           Power & Industrial Systems




               GearBoxes for the Wind Turbine System                      High-Voltage Induction Motor                        High-Efficiency Electric Motor




   Major Products
   Motors                                                                  Crane
Hyosung has been playing a key role in a global industry by             Hyosung manufactures heavy duty overhead crane and coil
providing all types of motors, from low-voltage small motors to         magnet lifter with high reliability that is used in process of steel
ultra-high voltage large scale AC motors. Producing high value          manufacturing in steel mill company. Hyosung also
AC/DC motors with various know-hows and experiences.                    manufactures level luffing crane, VLGC (Very Large Gantry
                                                                        Crane), ship loader for the use in shipbuilding and power plants.
   Gear Reducers
With the latest design, engineering and technology analysis,               Alternative Refueling System
Hyosung manufactures gear reducers, not only for general                Hyosung’s technologies care much about clean environ-ment
industrial machines, but also for steel, power generation,              of future which puts us creation and development of
cement, rubber and petrochemical facilities. Hyosung                    advanced alternative Refueling System as follows.
provides all kinds of GEARED MOTORS, from Small Geared                  - CNG Refueling System (Motor/Gas Engine Driven)
Motors to Planetary Gear Reducers and GEAR BOXES.                       - LNG/LCNG Refueling System
                                                                        - Hydrogen Refueling System for fuel cell vehicle (35/70MPa)
   Generators
Hyosung generators has been designed and manufactured                      Plant Engineering Service
by utilizing programs including analysis of a magnetic field            Hyosung offers optimal plants designed to enhance
and structure and 3D, which has improved reliability of our             productivity as well as reduce the production cost with world-
products. And Hyosung manufactures generators that are                  class technology with sufficient Turnkey base system EPC
required for main sources of electricity in industrial facilities for   experiences, especially Industry Plant including
continuous use or for emergency use. Additionally, they                 pharmaceutical/BIO, IT materials, renewable energy, and other
generate stable voltage apart from fluctuation of loads by              industrial areas (HVAC/Clean room, mechanical, process/
applying PMG (Permanent Magnetic Generator) system and                  piping, electrical, instrumental, civil, architectural, etc.).
Thyristor, therefore our generators are solider and easier in
operation and maintenance.                                                 RopeWay System
                                                                        Hyosung ropeway, with the best line design method, has
   Generators and Gearboxes for Wind Turbine                            engineering capability of electrical, mechanical, architectural
With many years of experiences, Hyosung’s generators and                and civil works. Having its own technical A/S team, it provides
gearboxes have economically optimized design realizing high-            the best service and has the most references of ropeways in
reliability, extended lifetime and easy maintenance for wind            domestic market. (NamSan Park, DaeDunSan Provincial Park,
turbine. Hyosung provides the customized technology of                  KangWon Land, TongYeong, SongAm Space Center)
generators and gearboxes that are the most powerful, efficient
and competitive.                                                           Energy Solution
                                                                        Hyosung provides an innovative energy saving plan including
   Chemical Equipment                                                   Co-generation system, Drive revamping, high efficiency
With various supply references and experiences over years,              motor/inverter and Child water/Ice storage system etc. for
Hyosung manufactures chemical equipments including                      industrial plants with advanced technology and on-going
towers, columns, reactors, pressure vessels and heat                    R&D, since development of the first Co-generation system in
exchangers for petrochemical plants.                                    Korea.
22




     Hyosung EBARA PU




              Hyosung Ebara(HEC) is the largest Korean company specializing in producing pumps and
              supplying facilities for desalination, which is producing high quality pumps for various usages,
              from pumps for power plants to those for petrochemicals, shipping, building/housing,
              industrial, and desalination plants.
              By acquiring ASME(The American Society of Mechanical Engineers) Class 2 and Class 3, “N”
              and “NPT”, as well as the KEPIC certificate, which enables for production of safety related
              pumps for nuclear power plants, Hyosung Ebara is producing and supplying Korea’s first safety
              class pumps.
              Also in the desalination business, Hyosung Ebara was the first to develop the Containerized RO
              System in domestic companies and is exporting it to plants overseas including Chile. Moreover,
              Hyosung Ebara has been selected as a company supervising the development of new and
              renewable desalination plants, which is part of the government’s motive project for new growth,
              Smart Project, and is currently conducting it.




                                                               Cheonggyecheon is powered with Hyosung Ebara’s pump technology.
                                                                                                                                                    23
                                                                                                                         Business Structure
                                                                                                                   Power & Industrial Systems




                                     Booster Pump                               Boiler Feed Pump                               Desalination Plant




   Major Products
   Pumps for Power Plants                                                Pumps for Marine & Offshore
Hyosung Ebara produces pumps for all applications,                   Pumps for Marine & Offshore, produced with high
including high-voltage, high-pressure, high-temperature, and         corrosion-resistance properties, satisfy for the best
seawater conditions. The large-sized vertical Seawater               efficiency and durability at the same time and is playing an
Circulation Water Pump (CWP) and the Seawater Lift Pump              essential role in driving Korea as the leading country of
(SLP) are produced with stainless steel 316L or duplex               shipbuilding.
stainless steel materials with more than diameters of 2000mm
outlets.                                                               Engineering, Procurement and Construction for
                                                                       Desalination Plant
   Pumps for Oil & Gas                                               Hyosung Ebara offers Reverse Osmosis (RO) desalination
Hyosung Ebara manufactures pumps that satisfy high-                  plants using the cutting-edge membrane technology. The
temperature and high-pressure environments typical in                company is widely recognized for having trendy facilities,
petroleum refining, petrochemical industry, and general              manufacturing, and construction capabilities, and so obtains
industry sectors. Hyosung Ebara provides a full series of            the order for large-scale desalination plants from Hyundai
pumps (End suction pumps, Double suction split case pump,            Steel. Moreover, it first developed the Containerized RO
High-pressure multistage pumps), all of which are complied           System in domestic companies and is exporting it to overseas
with American Petroleum Institute (API) standards.                   plants including Chile, and has been selected as a company
                                                                     supervising the development of new and renewable
   Pumps for Building & Housing                                      desalination plants, which is part of the government’s motive
Hyosung Ebara’s pumps for building and housing are widely            project for new growth, Smart Project, and is currently
used for circulating cold and hot water, water supply and            conducting it.
water cleaning systems, in a wide range of fields, such as for
general households, multiplex housing and apartments, large
office buildings, and cultural facilities. Hyosung Ebara helps its      Quality Management System
customer’s cost saving by producing highly efficient pumps.            ASME (The American Society of Mechanical
                                                                       Engineers) “N”, “NPT”
   Pumps for General Industries                                        Korea Electric Power Industry Codes &
We provide high efficient and high performance industrial              Standards for Nuclear Power Plant
pumps through various pumps such as CWP, BFP, and DH                   ISO 9001
pumps.                                                                 CE Mark Certificate
                                                                       Certificate for Highly Efficient Equipment
   Pumps for Desalination
Large capacity BRP, which can treat Brine Water-of more
corrosive properties than seawater-is a core pump used for
evaporating desalination plants. Its superior corrosion-
resistance levels are a result of its being produced with Duplex
stainless steel material, and it provides optimal solutions for
operating plants in a stable manner.
24




     Wind Energy Business Division




                A wind turbine system uses wind, a natural energy source. Wind power energy is eco-friendly
                generation system, without any polluting substances and can be a replacement of fossil fuels. It
                is also an economical source of power, and is, of course, in infinite supply.
                Hyosung developed a wind turbine system complex in order to contribute to the world’s energy
                and environmental industries. Since the mid 1990s, the company has actively pursued the
                development of wind turbine system, already having established the best technologies in the
                major component devices of wind turbine system, including gearboxes, generators, controllers,
                and towers.
                Hyosung is a leading company in conducting domestic wind power generation projects and has
                been making the utmost efforts to domestically produce facilities for the project.
                In 2006, the company’s reliability and security was established by successfully completing the
                development and commercialization of Korea’s first geared type 750kW wind turbine.
                Moreover, in 2007, it completed the development of its 2MW wind turbine system, which is
                under demonstration and its technical capabilities and reliabilities recognized via international
                certification issued by DEWI-OCC(Germany).
                Hyosung is establishing wind turbine model lineup via the development of the 5MW grade
                offshore wind turbine system and is expanding its business operations not only in the domestic
                market, but also in East Asia, Australia, and the U.S., aiming at becoming one of the top ten
                wind turbine system manufacturers by 2018 based on its technical capabilities in wind turbine
                system component devices and comprehensive engineering capabilities.
                                                                                                       25
                                                                                      Business Structure
                                                                                Power & Industrial Systems




                                                 Having developed the first domestic wind
                                             turbine system with its exclusive technologies,
                                           Hyosung has Solidified its leadership in the wind
                                                                   turbine system industry.




   Product Range
   750kW                             2MW
- Rated Output : 750kW            - Rated Output : 2MW
- Rotor Diameter : 50m            - Rotor Diameter : 90.6m
- Tower Height : 49m              - Tower Height : 78m
  (Hub height : 50m)                (Hub height : 80m)
- Start-up Wind Velocity : 4m/s   - Start-up Wind Velocity : 4m/s
- Cut-out Wind Velocity : 25m/s   - Cut-out Wind Velocity : 25m/s
- Rated Wind Velocity : 12m/s     - Rated Wind Velocity : 11m/s
Industrial Materials
  Tire & Industrial Reinforcements PU            Technical Yarn PU         Interior PU        Aramid Business Division




As the largest producer of tire cords (tire reinforcement material) in the world, the industrial materials is

leading the global market. In order to respond to the globally increasing demand for various industrial

materials, we are mass-producing tire cords and high-strength industrial yarns (such as polyester, nylon 66,

PEN) to ceaselessly research and develop new materials. Moreover, we are leading the interior material

business with the largest market share in the domestic carpet market by producing carpet and carpet yarn.

In addition, we produce carpets and yarn for carpet products, and lead the interior design industry in Korea

with the largest share in the carpet market. With our success in the commercialization of aramid fiber, high

performance fiber used in fiber optical cable reinforcements and friction materials for automobiles and

bulletproof vests, we are leading the textile industry in the industrial materials arena as well.
                         27




     As the world’s No.1,
tire cords are leading the
    global marketplace in
  quality and technology.
28




     Tire & Industrial Reinforcements PU




                 Since the first production of nylon tire cords in Korea, Hyosung has been producing and
                 supplying key tire reinforcement materials, such as steel cords, bead wires, chafers, as well as
                 textile cords, and gained customer trust as the only company equipped with a system of blanket
                 production and supply of tire reinforcement materials in the world. Based on top quality and
                 reliability, Hyosung supplies top quality products to leading tire manufacturers in the world,
                 and particularly in polyester tire codes, has the No.1 market share in the world.
                 Hyosung has been laying a foundation for secure growth, such as making a long-term supply
                 contract amounting to 3.2 billion dollars(the largest in the world) with Goodyear since 2006,
                 and has built local production systems in China, Vietnam, U.S., Brazil, and Luxemburg, aside
                 from Ulsan in Korea. Even after 2010, Hyosung will continue to build more local product
                 systems to strengthen its position as a leader in the global market.
                 With steel cords, Hyosung established its local product factories in Qingdao and Nanjing of
                 China, aside from the Eonyang factory in Korea and 150,000 tons are produced per year based
                 on 2009. In 2005, Hyosung made a long-term supply contract amounting to 30,000 tons of
                 steel cords per year with Michelin. With bead wires, Hyosung has been supplying 50,000 tons
                 per year to all over the world since 1979. Hyosung also contributes to the advancement of the
                 green industry and the IT industry by producing saw wire necessary for the manufacture of
                 wafers for semiconductor devices and solar batteries.




                                                                     Steel Cord

                                                                     Tire Cords

                                                                     Bead Wire
                                                                                                                                                        29
                                                                                                                                 Business Structure
                                                                                                                                  Industrial Materials




                                        Tire Cords                                      Bead Wire                                          Steel Cord




   Major Products                                                       Major Current
   Tire Cords                                                           Michelin Tire
Hyosung is making unceasing efforts to improve the quality of        2002 - Made a long-term supply contract for tire cords of 350
tire cords (nylon/polyester), which are high-functional products            million dollars.
essential for the manufacture of high quality tires. Particularly,          Took over the tire cord plant in Scottsville, Virginia, USA.
the HSP series of polyester tire cords show the world’s best         2005 - Made a long-term supply contract for steel cords of
quality. Hyosung is under the development and production of                 30,000 tons per.
tire cords made of new materials, such as PEN, Lyocell, and
Aramid.                                                                 Goodyear Tire
                                                                     2006 - Made a supply contract of 3.2 billion dollars.
   Steel Cord                                                               Took over four tire cord production plants in
Hyosung’s steel cord requires thorough processing and                       Utica,Decatur, Brazil Americana, and Luxembourg,
management of rubber adhesion, intensity, anti-fatigue and                  Colmar-berg.
flexibility. The company devotes its utmost effort to developing
technologies to lighten the tire and extend its lifespan.               etc.
                                                                     We supply the best quality products to leading international
   Bead Wire                                                         tire companies, such as Bridgestone, Continental, Cooper,
A bead wire is a major component used for reinforcing radial         Pirelli, Sumimoto, Yokohama Tires, CST Tires, Hankook Tire,
tires, while protecting the carcass plies from rubbing against       Kumho Tires, and Nexentire.
the rim. Hyosung’s bead wire comes in a variety of strengths
and can be tailored to the specific needs of customers.
                                                                        Production Base
   Saw Wire                                                             Asia
A saw wire is a machine that slices silicon to make silicon          Korea (Ulsan, Eonyang) / China (Jiaxing, Qingdao, Nanjing) /
wafers for solar batteries and semiconductor devices, which          Vietnam (Hochiminh)
needs a precise processing technology. Hyosung is
producing and supplying saw wire, ranging from 0.175mm to               North & South America
0.10mm, according to various customer needs.                         U.S.A. (Scottsville, Utica, Decatur) / Brazil (Americana)

   Other Products                                                       Europe
Other products include Chafer Products, Conveyer Belting             Luxembourg (Colmar-Berg)
Duck (NN-Belt and EP-Belt) products, PET Cable Cord
products, hose wires, and Wool wires for high-pressure hoses.
With our more than 24 years of experience in the Chafer
product sector, we produce numerous products in the sector,
including Multi-filament Chafer and Mono-filament Chafer
(Anti-wicking Chafer).
30




     Technical Yarn PU




                Since the entry into the polyester technical yarn business, which is broadly used in building,
                civil works, in-vehicle, transportation, normal industry sites, etc., in 1986, Hyosung has been
                expanding the production scale for the growth of the downstream industry in Korea and
                overseas countries.
                By supplying optimal yarn appropriate for the use of each field, such as broad woven coated
                fabrics for building and civil works, seat belts and power transmission belts for cars, industrial
                conveyor belts, straps, and sewing threads, Hyosung gains diverse customer trust, and
                particularly, seat belts for cars retain the No.1 market share in the world.
                Moreover, it has been taking the activities satisfying customer needs and providing new values
                via the operation of the R&D Team from the early stages and has been providing differentiated
                customer service based on its local production and delivery system via the operation of the
                Beaming Plant and Warehouse in Rock Hill, USA in 2002 and the establishment of a yarn
                manufacturing factory in Jiaxing, China in 2005.
                And Hyosung will become one of the most reliable partners by keeping development and
                production activities for the creation of customer value, including entering the business of
                Nylon 66 yarn for car air bags, which is currently showing continuous growth and supplying to
                famous domestic and overseas car companies.
                                                                                                                                            31
                                                                                                                           Business Structure
                                                                                                                            Industrial Materials




   Major Products
   Yarn for broad woven coated fabric                                 Yarn for sling belts, straps, and sewing threads
Hyosung produces yarn for broad woven fabrics such as truck        Hyosung produces and supplies various yarns ranging from
covers, banners, sign boards, sail cloths, and geo-textiles        Light denier to heavy denier for slings, straps, ropes, fishing
based on no broken filament and evenness of low shrinkage.         nets, geo-textiles, and sewing threads. Especially, the
                                                                   company developed the world’s first ultra high tenacity
   Yarn for seat belts                                             polyester yarn with 11 gram/denier.
With strict external control, prominent abrasion resistance, and
excellent dyeing quality, Hyosung supplies yarn for diverse           Nylon 66 yarn for airbags, sewing threads
seat belts, such as low denier and black spun dyed yarn, to        Hyosung has developed Korea’s first Nylon 66 yarn for
the world’s leading seat belt weavers and its quality and          airbags currently available in the market. To satisfy the change
technical capabilities are widely recognized.                      in the airbag market and customer needs, the company
                                                                   supplies various kinds of yarn products. Moreover, it has
   Yarn for conveyor belts, rubber hoses, power                    developed yarn for sewing threads that are mainly used for
transmission belts                                                 shoes and furniture and supplies it to the world’s leading
Hyosung produces high adhesive and low elongation yarn,            sewing thread customers.
which has excellent adhesion to rubber, and for conveyor
belts, hoses, and etc used with rubber.
32




     Interior PU




                           With an in-house manufacturing facility from yarns to finished products, the only carpet
                           specializing company in Korea, the Interior Performance Unit, has maintained the top position
                           in industrial and vehicle carpets since its inception in 1983. And it has obtained the ISO 9001,
                           ISO 14001 and TS 16949 certifications with a perfect quality control system.
                           In particular, ‘SWAN CARPET TILE’ is renowned with its high quality in the market where it
                           requires the most strict quality standards, as it has obtained the certificate for Eco-Label and
                           the KS certification. Recently, successful development of new nylon yarn, square hollow cross
                           shape, leads to build up the background of supplying innovative products. The company is
                           building a reputation as Korea’s first specialized total flooring company, now producing from
                           SWAN MAT, a high-end mat made from remarkably durable nylon, to PVC Print Tile products.
                           Interior Performance Unit will grow as a world-class carpet maker by entering into the
                           countries where carpet originated from, such as the U.S., Australia, and Japan, as well as
                           making its place firm as No. 1 in the national carpet industry.



               Major Brands                                                        Proyan
               SWAN CARPET                                                      The PP BCF yarn, exclusively used for carpet products, is solution
            Hyosung is the only manufacturer in Korea who can supply            dyed so that it maintains its color for a long period of time, even
            total solutions for residential, commercial and automotive use      after repeated washings and exposure to everyday UV light.
            of tufted carpet. After its getting ISO 9001 & ISO 14001
            certification, SWAN CARPET is now devoted to grow into a               SWAN MAT
            global brand through systematic quality management and              This is the only such products in Korea with a high-end mat
            constant R&D activities.                                            made by nylon with significant durability as it satisfies
                                                                                standards of smoke density, mark less than 400 Ds under the
               SWAN CARPET TILE                                                 Korean Fire Services Act, to secure safety from fire.
            Carpet tiles are easy to construct and to maintain and have a
            variety of designs and colors. We are recognized by many               SWAN DESIGN TILE
            authorities for our superior quality in carpet tiles.               As a PVC Print Tile product provided by SWAN CARPET, this
                                                                                expresses textures of various materials (e.g. granite, high-end
               Kayan                                                            wood, and carpets, etc.), and patterns.
            Equipped with the nation’s largest production facilities for
            nylon BCF yarn, Hyosung has developed a nylon BCF yarn                 SWAN OA TILE
            exclusive for carpet use. Also, its round surface makes it easier   As a functional flooring material for use in places requiring
            to take off soils and stains by cleaning, because it has no         electrostatic-resistance, this eco-friendly, non-gluing,
            grooves on the yarn surface where the soils get stuck into.         electrostatic-proof tile is processed with special non-slip
                                                                                features to enable installation without glue.
                                                                                                                          33
                                                                                                         Business Structure
                                                                                                          Industrial Materials




Aramid Business Division




                Hyosung started the commercial production of aramid fiber in 2009 based on its own
                technology. Aramid fiber is used in various applications such as protection for army, police
                (body armour, bulletproof helmet, vehicle armouring), optical cable(reinforcement of optic
                fiber), rubber reinforcement(hose, belt and tire) and substitute of asbestos(automotive brake
                pads, lining and gaskets). Aramid has the excellent tensile strength(five times stronger than
                steel), the flame retardancy and the excellent modulus. As the safety and environment issues
                are more concerned, the demand for aramid fiber is continuously increasing. In order to satisfy
                market’s increasing demand, Hyosung will expand the capacity to 5,000 ton per year by 2014
                and diversify its product range to high tenacity and high modulus products. With Hyosung’s
                fiber experience and industrial know-how and technology, the product will be differentiated to
                adhesion activated yarn, hybrid yarn and high performance fabric through persistant research
                and development.




     Major Products



     ALKEX
  - AF 1000 : 1000Denier, 1500Denier, 3000Denier
    Application : Bulletproof helmet, vehicle armouring, MRG,
    ropes and cables
  - AF 2000 : 840Denier
    Application : Bulletproof vest
Textile
  Spandex PU          Nylon Polyester Fiber PU          Fabric / Dyeing PU




Contributing greatly to the success of the company, the textile field is

one of the largest synthetic fiber producers in the world. Its technical

prowess, production capacity and market share have enabled Hyosung

to continually flourish in this industry. The field of textile produces and

supplies yarns and fabrics, including spandex, polyester and nylon,

making Hyosung a true leader in the synthetic fiber industry.
                                  35




    Hyosung’s Spandex Producer,
         creora , is recognized for
its world-class competitiveness in
      technology, service, quality,
                 and market share.
36




     Spandex PU




                  Hyosung’s Spandex Performance Unit, which has grown both in terms of quantity and quality
                  based on global sales, each and every year since it began producing spandex in 1992, has now
                  become one of the world’s most respected spandex producers. creora Hyosung’s spandex with
                  the tag line “it’s in our every fiber” is committed to excellence in quality, innovation, service and
                  value. Through its numerous R&D activities, creora is constantly developing new products to
                  meet the needs of the market, and continues to open new horizons in the fiber industry, by
                  developing products with excellence in terms of uniformity and productivity. In addition,
                  through the demonstration of value in use, and the development of innovative fabrics, creora is
                  expanding its worth, selling not only fibers, but also its unique value.
                  Under the slogan, ‘Stretching Beyond’, creora is developing distinguished brand marketing
                  activities around the world, in cities such as Seoul, New York, Milano, Sao Paulo, Hong Kong,
                  and Shanghai. In addition, we have built manufacturing facilities in China(Jiaxing, Zuhai, and
                  Guangdong), Turkey, and Vietnam to better service the needs of customers in global markets.
                  Hyosung hopes to deliver the best in products, service, and value, in the world
                                                                                                                                              37
                                                                                                                              Business Structure
                                                                                                                                          Textile




   Major Products                                                      Steam set (C-400, Steam settable spandex)
                                                                    creora C-400 is steam settable spandex, so it permits the
                                                                    fabric to have the superior dimensional stability and soft
                                                                    handfeel. This product is suitable for stocking, socks and
                                                                    seamless product which need steam-setting.
[creora Performance]
   Dive In (H-250, Chlorine-resistant spandex)                      [creora Black]
creora H-250 is designed to provide improved protection                Absolute Black (H-300D, Black dope dyed
from chlorine damage. It is designed primarily for use in indoor    spandex)
swimwear exposed to chlorine.                                       creora H-300D prevents ‘grin-through’ problem that is the
                                                                    occurrence of shiny parts in fabrics of a black or dark color.
   Feel The Power (H-350, Heat-resistant spandex)                   This fiber creates a deep and luxurious black color that cannot
creora H-350 is a spandex with excellent heat-resistance            be gained by other common spandex fibers, enhancing the
properties. It maintains its dimensional fabric stability even      value of the fabrics as well as making it easier to produce the
after numerous re-dyeing processes. In particular, as high          jet-black color previously regarded as unavailable in spandex
temperature dyeing can be applied when blended with                 fibers.
polyester fabrics, it offers excellent colorfastness. It was once
difficult to use spandex with high degree of fineness when
producing light-weight fabrics, due to its weakness against            Fabric Libraries
heat. Now, the heat-resistant creora has enabled the                The fabric marketing services conducted by creora are
production of a thin, super lightweight fabric.                     designed to create new business opportunities to our
                                                                    customers that use creora products. The Fabric Library
[creora Eco Friendly]                                               organically connects our clients to the world’s best brands and
   Easy set (H-550, Low heat set spandex)                           retailers.
creora H-550 is low heat settable spandex. Since H-550
makes the fabric set at the low temperature, we can keep the
whiteness of the fabric which is sensitive to heat from
changing yellowish. In addition, H-550 makes it possible that
                                                                         Shanghai              New York              Milano
the fabrics have superior colorfastness to washing, soft
handfeel, re-dyeability and enough power, so we can apply H-
550 to many different kinds of fabrics for lingerie, T-shirts,
pants, skirts and so on. Furthermore, H-550 enables the mills
to increase the machine speed when setting fabrics so they                 Seoul              Hong Kong
can improve the productivity if they use H-550 instead of
regular spandex. Also, H-550 is ‘eco-friendly product’ because      Even today, brands and retailers around the world are
mills can reduce CO2 emission by saving the energy from             sourcing fabrics from our clients through the Fabric Libraries
shortening the setting period.                                      located in Milano, Hong Kong, New York, Seoul, and
                                                                    Shanghai.
38




     Nylon Polyester Fiber PU
       Polyester Fiber Business Division




                              As the leader in the domestic polyester fiber manufacturer, Hyosung produces various and
                              differentiated polyester yarns from regular yarns to high functional specialty yarns in order to
                              create high values for customers. In particular, Hyosung has successfully developed high
                              technology intensive synthetic yarns including a quick-drying yarn(Aerocool), antimicrobial
                              yarn(Aerosilver), hollow-core yarn(Aerowarm), good color fastness yarn(Prizma), flame-
                              retardant yarn(Firex), elastic polyester yarn(Xanadu), micro fiber(M2), and Askin, in order to
                              meet customers’ needs and create a differentiated product market based on endless research.
                              Hyosung has recently enhanced the development of eco-friendly fibers by launching the first
                              recycled polyester fiber in Korea, RegenTM, strengthen its position as a eco-conscious company
                              by obtaining Eco-Mark from the Japan Environment Association as well as GRS (Global
                              Recycle Standard) from Control Union in Netherlands.




                  Major Products
                  RegenTM                                                           drying function, keeping the human body refreshed at all times.
               Regen is an eco-friendly product to bring an epoch-making
                      TM


               reduction to the emission of carbon dioxide and the volume of           Aerosilver
               waste to landfill and save petroleum resources. RegenTM,             This is a new concept multi-functional material, blending quick-
               which is made by recycling waste PEP bottles, was certified by       drying function and antimicrobial functions together. It is a multi-
               the Control Union’s (Dutch) GRS (Global Recycle Standard)            purpose healthcare yarn that can be used in outdoor clothes,
               and JEA’s (Japan Environmental Association) Eco-mark.                sportswear and innerwear.


                  Askin                                                                Aerowarm
               Askin is a fabric featuring transparency prevention and UV           The fiber is of a midair form, enabling the air space to provide
               protection effects from peculiar cross sections and differentiated   warmth and a lightweight sensation against the skin. Adding
               polymer materials - and having sensitivity and functions as a        distinguished functions, the quick drying function when
               cold active material in the summer. Due to its excellence in         compared to other companies’ warming materials helps to
               superimposition of yarns while unfolding fabrics, it has             control the level of moisture inside clothing in the winter to
               windproofness and softness as well as transparency prevention.       provide a pleasant feeling.


                  Aerocool                                                             Prizma
               Due to capillary actions, AEROCOOL is a representative               Prizma is available for dyeing at lower temperatures than nylon
               functional yarn that quickly absorbs moisture through its            and polyester. It provides excellent color and washing
               channel on the surface, and dries quickly due to its superior        fastness, providing superior rich, deep colors.
                                                                                                                                              39
                                                                                                                             Business Structure
                                                                                                                                         Textile




Nylon Fiber Business Division




                      Hyosung is one of the world’s best manufacturers of nylon textile filament, is loved by
                      customers around the world for its nylon fibers of outstanding quality and a variety of functions,
                      all based on production know-how accumulated over 40 years.
                      Based on TOPLON(a yarn used for luxury lingerie, sportswear, and industrial materials),
                      Hyosung sells high-functional yarns, including micro fine denier fibers(MIPAN fine & soft), N/P
                      conjugated yarns(MIPAN XF), anti-microbial yarns(MIPAN magicsilver nano), quick-drying
                      yarns(MIPAN aerocool-n), conductive yarns(MIPAN corona), bonding yarns(MIPAN glurex),
                      CD yarns(MIPAN colorist), high tenacity yarns(MIPAN robic), and hollow fibers(MIPAN air).


                         TOPLON : Nylon regular Yarn, Mono filament Yarn, High-tenacity Yarn
                         MIPAN : An integrated brand of nylon micro fiber and highly functional yarn




           Major Products                                                    MIPAN robic
           MIPAN regen                                                    MIPAN robic is a high tenacity nylon yarn used for products
        MIPAN regen is the world’s first recycled nylon yarn produced     requiring abrasion resistance, such as travelling/hiking bags
        after collecting and recycling discarded dipnoan nettings,        and motorcycle wear. It is being developed for extreme sports.
        which reduces the emission of greenhouse gas and waste of
        resources as compared to normal yarns.                               MIPAN air
                                                                          Made of hollow core nylon fibers, which is used for outdoor
           MIPAN fine & soft                                              wear, sports wear, and bags, MIPAN air is lightweight and
        Lower deniers which are developed to satisfy the desire for       excellent in heat insulation.
        light and more delicate fabrics.
                                                                             MIPAN colorist
           MIPAN magicsilver nano
                                                                          MIPAN colorist is a cationic dyeable nylon yarn that feels soft
        This is a functional yarn with excellent anti-microbial
                                                                          and has a vivid and deep color appearance. Particularly, it is
        performance thanks to the contained nano silver. Without
        creating tolerance, it is safe and permanently anti-microbial.    increasingly being used for the development of 2 tone fabrics.


           MIPAN aerocool-n                                                  MIPAN glurex
        By absorbing sweat faster and drying up quicker, MIPAN            This unique bonding yarn melts at a much lower temperature
        Aerocool-n keeps freshness all day. Its unique cross section is   than other general fibers, providing a desirable adhesive bond
        designed to maximize sweat absorption and quickly spread it to    for fibers or textiles without causing any damage and
        the outer layer of clothes, allowing rapid evaporation
                                                                          simultaneously strengthening the bonding strength of the textile.
40




     Fabric / Dyeing PU
                               Hyosung’s fabric business is now focusing on the development of high-functional and high-
       Fabric Unit
                               technological products with manufacturing technology know-how in yarns, knitting, weaving,
                               and processing.
                               We’re proud of the outstanding functions and quality of our products, which boast such
                               properties as being quick-drying, water-proof, durable water-repellent and ultra lightweight.
                               Our functional yarn garments also have excellent heat retention and generation, anti-microbial,
                               and elasticity properties, and our lingerie products are made from a soft, high-multi material
                               composition of nylon and high gauge. SUPRON(reusable surgical gown & drape fabric)
                               products are used as surgical gowns and nursing gowns, as they help protect against microbial
                               contamination.In terms of our fabrics for non-garment use, we have a large range of products,
                               such as lens/display cleaners, Clean Room Wiper products(for use in semi-conductors and
                               other electronic products), and home cleaner products for various purposes, all of which use an
                               ultra micro-fiber. ‘FINESTAR’ the biggest brand in cleaner products, is recognized for its high
                               quality and value. Home-tech products include sofa fabrics that are supplied to famous
                               European brands, as well as drapery and upholstery products, made of anti-fire spun yarns.


       Dyeing Unit             As the leader in the domestic dye-processing sector, we have the largest production facility in
                               Korea, with a dyeing capacity of 2 million yards per month. Our major dye products include
                               nylon 2-Way Spandex, polyester 2-Way Spandex, multiple microdenier fiber, cotton union
                               cloth and polyester fabrics. We have the largest production facility in Korea, dyeing 700,000
                               yards of nylon 2-Way Spandex woven per month. In addition, the quality of our dyeing process
                               for nylon spandex, sea island yarn(SIF splitting type) and PCP-type multiple yarn has been
                               recognized both in Korea and overseas and largely preferred by customers.



                  Fabric Unit Major Products                                          Dyeing Unit Major Products
               [Garment Fabric Category]                                              Spandex
                  Functional Sportswear & Outdoorwear                              Nylon 2-Way Spandex and Polyester 2-Way Spandex Dyeing
               Various fabrics made of Aerocool, Askin, Aerowarm,                     Suede Micro Fabrics
               Aerosilver, Regen, Xanadu 55, Aerocool-n and M2 fiber.              Sea Island PET Suede, PET Co-PET Micro Fiber and P/NP
                  Protective Workwear                                              Suede Dyeing
               Medical wear, protective wear, heavy industry, high-visibility,        Union Cloth
               flame retardant, stab resistance, military, government office,      The Cotton-Blended C/N, N/C, C/P and P/C Products Dyeing
               corporate uniform, clean room, school uniform, etc.                    Polyester Fabrics
                                                                                   Dyes the DEWSPO Brands which are used in Multipurpose
               [Non-Garment Fabric Category]                                       Sports Wear
                  Cleaner (FINESTAR)
               Micro fiber cleaning products for lens and display cleaner,
               Industrial clean room wiper, etc.                                   Furthermore, we perform additional processes such as buffing,
                  Home-tech                                                        sanforizing and gassing to boost the product functionality a step
               Upholstery FR black out, upholstery, roll screen, curtain fabrics   further.
               using FR fiber, etc.
                                                   41
                                   Business Structure
                                               Textile




Hyosung's field of textile provides a pleasant
 and convenient life through a wide range of
products made from cutting-edge functional
               fibers and eco-friendly fibers.
Chemicals
  PP/DH PU         Film PU       Packaging PU        TPA PU        Neochem PU          Optical film Business Division




The chemicals field is manufacturing diverse chemical products such as TPA (synthetic fiber material),

PP (Polypropylene), PET bottles, various films and NF3 gas, and building a reputation as a general

chemical company.
                         43




     We have achieved top
level competitiveness with
 abundant technology and
    know-how as its basis.
44




     PP/DH PU




                        Hyosung produces various PP’s(TOPILENE) such as homopolymers, block copolymers, and
                        random copolymers, which make full use of individual characteristics via HYPOL and UNIPOL
                        methods. Since the company’s products requiring top class technology have excellent features,
                        such as high temperature and pressure resistance, high tenacity, high impact resistance,
                        transparency, and external characteristics, they satisfy various sophisticated customer needs.
                        Particularly, R200P, which is a PP-R product used for cold/hot water pipes, is a leader in the
                        global market and the products used for retort films and protection films are recognized as one
                        of the best qualities in the domestic market. The products for general use are also well received
                        by customers based on those excellent processing characteristics and physical properties.




             Major Products                                                  TOPILENE Specialty Grades
                                                                             PP-R R200P
                                                                          Hot & Cold Water Supplying Pipe, Heating Pipe

            PP (Polypropylene)                                               PPB Pipe Grade
          Hyosung supplies a wide variety of Homopolymer, Block           Sewage Pipe, Drainage Pipe, Cable Protection
          copolymer and Random Copolymer which are manufactured           Pipe
          through HYPOL and UNIPOL process, which have been
          maximized product properties.                                      Medical & Pharmaceutical Grade
          Furthermore, Hyosung produces different kinds of specialties    Disposable Syringe, IV Bottle
          which require top-level technologies, featuring pressure
          resistance at high temperature, high stiffness, high impact        Specialty Film Grade
          strength, high transparency, low fish-eye and etc. and these    Retort CPP, Optical Protect Film
          products meet the high-end customers’ requirements.
          Especially PP-R grade, R200P for hot and cold water                CCM Cap Grade
          supplying pipe is leading the global market. Retort CPP grade   CCM Cap Grade for Beverage
          and Optical Protect Film grade are recognized as the best
          qualities. Besides, Hyosung continues to develop
          commodities with performance based on high processibility
          and properties.
                                                                                                                                  45
                                                                                                                 Business Structure
                                                                                                                         Chemicals




Film PU




               As a mission to ‘Fill With More Values’, Hyosung has succeeded in providing best quality
               “Filmore” film products on the basis of creating added value to our customers. We have
               accumulated world-class technology and gained experience as the first company in Korea to
               enter the nylon and polyester textile business, and started production of nylon films in 1996 and
               polyester films in 1997.
               Additionally, our competent and highly qualified research staff develops polymers of nylon and
               polyester films. With the latest T-Die biaxially oriented nylon plant operational at a second site
               in 2004, our company supplies a wide range of products with optimal productive capacity.
               We are also aware of our responsibility towards the environment. As a matter of course, we
               have obtained the ISO 9001 and ISO 14001 certification in 2000 and 2004 respectively.
               Therefore, Hyosung has made its objective to consistently provide environmentally friendly and
               harmless products to our customers.




    Major Products                                                 Nylon Film
                                                                 Hyosung possesses both the Tubular and T-Die Biaxially
                                                                 Oriented plant lines assuring you the production of various
                                                                 products. These products include refrigerated and frozen
   Polyester Film                                                food, retort food and refill packaging that require low oxygen
 Due to outstanding mechanical properties and excellent          permeability, high cold and pinhole resistance.
 resistance to heat and cold, our polyester film is recognized   The special composition of heat resistance for RT grades,
 worldwide for different applications such as food packaging,    optimal thermoforming of medicine products for DT grades
 industrial, stamping foil, transferring etc.                    and various coating films are applied in high value products.
 Along with the window films that are highly optical, we are
 currently focusing on developing value added products such      - Filmore GT (General Packaging)
 as coating films with high ink adhesiveness to meet specific    - Filmore BG (General Packaging)
 customer needs.                                                 - Filmore RT (Retort Pouch)
                                                                 - Filmore DT (Blister Packaging)
                                                                 - Filmore AT (Easy Adhesive Coating)
46




     Packaging PU




                As the first implements and production of PET bottles in Korea, Hyosung has worked hard to
                create the best value for its customers, shareholders and employees under the corporate vision
                to become a company that provides the highest-level packaging products and services.
                Through continuous R&D activities, Hyosung has attained the quality approval from the FDA
                and leading global companies such as Coca Cola, Pepsi Cola. As the market leader of the Korean
                market, Hyosung supplies PET bottles for juice, sports drinks, teas and soft drinks use to the
                major domestic beverage companies. In addition, the company is the largest PET bottle
                manufacturing company in Korea, developing the first multi-layered PET beer bottles in Korea,
                and supplying them to Hite Brewery since 2003.
                Hyosung has established a vertically integrated production system covering everything related
                to PET bottles from raw materials to final products. In order to promptly respond to customer
                demands and requirements, we have established an extensive sales and production network
                around the company’s business sites in Daejeon, Jincheon, Yangsan and Deoksan area.
                Furthermore, the company is actively operating in foreign countries by exporting PET bottles to
                Japan, and locally producing and selling products in Beijing, China.
                In 2007 the company introduced aseptic filling systems and began filling beverages using the
                OEM method. It now works to safely fill and supply beverages such as mixed tea, grain tea, milk
                coffee, and other milk drinks-beverages that can easily deteriorate due to their low acidity levels
                during the distribution process. We introduced a manufacturing brand called ‘Asepsys’, with
                plans to help consumers recognize PET bottled drinks produced in aseptic filling systems from
                those that are not.
                                                                                                                                            47
                                                                                                                             Business Structure
                                                                                                                                     Chemicals




   Major Products
                                                                    Multi-Layer Bottle
                                                                 This product is structured with triple layers. Among the layers, the
                                                                 middle layer built with O2 & CO2 barrier properties, effectively
                                                                 blocking O2 & CO2. This product is used as a container to block
  Heat-resistance Bottle                                         any gas, such as beer, tea and coffee.
A container that holds the contents at a high temperature
(96~91°C) with a crystallized neck and panel on the body to         Aseptic Bottle (Aseptic Filling System)
prevent any change in the shape. The product is mainly used      This is a cutting-edge process designed to fill and package
as a container for beverages pasteurized at high temperature
                                                                 beverages which are low in acidity and are, therefore, prone to
such as juice, sports drinks and teas.
                                                                 decay and deterioration in PET bottles safely. Asepsys is a brand

  Heat & Pressure-resistance Bottle                              of Hyosung’s aseptic filling system. It was introduced for the first
A container that holds contents requiring post pasteurization    time in Korea for the purposes of manufacturing more hygienic,
(65°C) such as low-carbonated drinks. The container requires     safer, and better tasting beverages.
a high functionality to both pressure and heat resistance.
                                                                    Asepsys
  Pressure-resistance Bottle                                     Asepsys is a brand of Hyosung’s aseptic filling system
A container used for soft drinks containing carbonic acid gas.
As carbon dioxide usually four volumes, this container has a
streamlined shape to prevent its appearance from changing
due to any increase in the outside temperature, and a prop to
gather the contents in the center of the bottom.

  Non-Pressure resistance Bottle
The container holds the contents at normal pressure and
temperature, mainly including liquor (such as soju and takju),
sauces (such as soy sauce and vinegar), medicine and mineral
water.
48




     TPA PU




                       Hyosung provides the highest quality and most purified form of TPA with accumulated
                       technology and experience from chemical textile industry.
                       Hyosung provides the highest quality, most purified form of TPA through accumulated
                       technology and long experience in the petrochemical and textile industries. TPA(terephthalic
                       acid) is a major petrochemical product and the key raw material that determines the quality of
                       polyester. Since it began production in 1997, Hyosung’s TPA plant has produced 420,000 tons
                       a year. Overseas buyers have recognized the excellent quality of Hyosung’s TPA as being among
                       the highest in the world. As a result, Hyosung has taken a leading role in the industry. With
                       advanced facilities and state-of-the-art processing methods, Hyosung manufactures highly
                       purified TPA that is not only a core material for high-performance polyester textiles but a major
                       material for tire cord, PET bottles, polyester film and other industrial materials and consumer
                       goods.
                       By supplying such advanced quality materials, Hyosung contributes to its partners’
                       competitiveness while continuously developing high quality household materials.




              Major Products
              TPA (Purified Terephthalic Acid)                              TPA Applied Products
          Hyosung’s TPA is produced using Mitsui’s production process    Very high quality TPA is used in highly-functional polyester
          which is appraised as producing the highest quality products   fiber, PET bottles, video tapes, tire cords and polyester films.
          based on consistent R&D and accumulated technologies over
          20 years. This process also utilizes an on-line inspection
          system and an automated quality control system.
                                                                                                                           49
                                                                                                            Business Structure
                                                                                                                    Chemicals




Neochem PU                                                     Optical Film
                                                               Business Division




NF3, produced by Neochem Performance Unit, is a                A TAC film is an electronic material used in displays to
kind of specialty gas used in the production process of        protect PVA Film in polarizer, an LCD component
semiconductor, TFT LCD, and solar cell. This gas was           used in TVs, monitors, laptops, cellular phones, etc.
commercialized by Hyosung’s own R&D activities. It             Without a domestic manufacturer, Korean buyers of
landed on the market immediately after mechanical              TAC films have been depending entirely on imports.
completion in 2007 by achieving on-spec product in             Hyosung intends to contribute to the development of
the shortest period.                                           the domestic LCD industry through localization of TAC
Furthermore, Hyosung is going to expand production             films and aims to accomplish sustainable growth
capacity of NF3 and to diversify product portfolio to          through actively venturing into foreign markets.
WF6 and SiH4, aiming at becoming a global leading
manufacturer of specialty gases for use in IT industry.




   Major Products                                                Major Products
   NF3 (Nitrogen Trifluoride)                                    TAC Film
This is a specialty gas for cleaning CVD chamber in the
production process of semiconductor, TFT LCD and solar cell.
It boasts of purity level of more than 99.99%.
Construction
  Construction PU         HEEC PU         Chinhung International Inc.




The construction field is a powerful participant in the construction industry, based on long experience and trust in

city planning. The company actively participates in the SOC business, re-development and re-construction

business, remodeling, large-scale civil engineering and environmental areas. The company pursues technology

innovation in the areas of water quality, waste materials, atmosphere, and the environment. The company takes

the lead in the construction industry.
                           51



We are known for our highly
     creative space designs,
 providing a high degree of
          dignity and value.
52




     Construction PU




                           Hyosung Construction Performance Unit, organized with top construction experts, creates a
                           new space culture where nature and technology is harmonized via excellent technology and
                           accumulated know-how. Hyosung introduced villa-type residential buildings for the first time
                           in Korea, which resulted in the creation of a new housing culture suitable to Korean life.
                           Moreover, the company has been striving to build a cozier and more convenient life
                           environment. Hyosung Construction Performance Unit considers customers as its top priority,
                           and will make utmost efforts to offer the best quality and value to customers.


                           Apartments Brand :


                           Officetel Brand :




               Business Area                                                       Leisure Facilities
            [ Housing Field ]                                                   Hyosung does its best to make customer spare time more
               Apartments / Villas                                              abundant by building a new concept of leisure facilities, where
            As Hyosung took the initiative in developing the housing            they can recharge as wells as simply relax, in places customers
            culture by actively launching the apartment development             find necessary.
            project in metropolitan areas and local cities based on its solid
            experience and technology of civil construction, it now             [ Industrial Field ]
            concentrates on the development of ubiquitous houses.                  Civil Engineering/Electric Facilities
                                                                                Hyosung consistently carries out civil engineering and electric
               Reconstruction / Redevelopment / Remodeling                      power projects requiring high technology and actively
            Hyosung has been transforming old and time-worn residential         participates in large-scaled civil engineering projects such as
            environments into a pleasant and efficient space based on its       bridges and harbors.
            accumulated know-how and new technology development.
                                                                                   Plant Facilities
            [ Building Field ]                                                  Hyosung accumulates the results of professional
               Office/Commercial Facilities                                     constructions via plant construction requiring high-level
            Hyosung has built optimum locations and work environments           specialty and new technologies.
            via its excellent development capability and reasonable
            analysis, and makes a beautiful city landscape with its
            specialized technical capability.
                                                                                                                                       53
                                                                                                                     Business Structure
                                                                                                                           Construction




HEEC PU




               Hyosung establishes a full service system that meets diverse customer’s requirements on the
               basis of technologies and experiences accumulated through design, construction and
               commissioning of water treatment, waste disposal and air pollution prevention facilities.
               Hyosung has acquired the special advanced environmental technology through joint R&D
               activities with EBARA.
               Hyosung is also enlarging business area to overseas market such as Southeast Asia and MENA
               (Middle East & North Africa) to be a global environment business leader.




    Business Area
 [Civil and Environment Field]
 Hyosung leads the domestic environment industry in the field       in the field of food waste treatment based on the various
 of water treatment business based on experiences that are          methods such as aerobic composting, co-treatment with
 accumulated from several decades, and also actively                sewage sludge, drying for feedstuff, anaerobic digestion and
 executes lots of civil works and energy business related to        other methods.
 engineering field.
                                                                    [New Business Field]
 [Resources Recirculation Field]                                    Hyosung not only carries out the reuse of sewage-treated
 Hyosung is highly experienced in Gasification Ash Melting on       water and the restoration of soil, it also provides solutions to
 municipal solid waste as well as Fluidized Bed Incineration
                                                                    the new renewable energy sector in low-carbon green growth.
 facility which is operating at the best performance condition in
                                                                    - including incineration power generation using waste with
 Incheon International airport, South Korea. Hyosung has
 competitive Engineering & Construction technologies at             high calorific power, (such as RDF, disposed tires, and wood
 Organic Sludge Solidification, Carbonization, Drying and           chips), and biomass gasification using organic waste, (such
 Incineration related to Wastes Treatment and Recycling. In         as food waste and livestock waste, etc.) the green energy
 addition, Hyosung has competitive differentiation in field of      sector (including CO2 discharge reduction facilities and CDM
 Resources Recirculation that shows technical excellence with
                                                                    businesses using CO 2 collection & decomposition
 tons of experiences. Hyosung, in particular, has professionalism
                                                                    technology), and other fields.
54




     Chinhung International Inc.




                 Chinhung International Inc., which was founded in 1959, is a comprehensive construction
                 company concentrating on civil works, building, housing, and plant businesses. The company
                 was incorporated into Hyosung Group in 2008. It established itself as Korea’s representative
                 construction company by its advance into the overseas markets, such as Saudi Arabia, Kuwait,
                 and Guam in the 1970s, receiving the Iron Tower Order of Industrial Service Merit and US$1
                 Billion Export Tower Award. In the domestic market, it takes part in establishing national
                 infrastructures based on its civil engineering technology obtained from the construction of
                 society-based facilities and long experiences in the construction of various housing and business
                 facilities. Moreover, it is making constant efforts to offer the best residential environment for
                 customers via its specialized brands such as THE RUBENS and MAJESTOWER.
                 Chinhung is a leader in the construction culture. Aiming to enter the top 20 in the construction
                 business by 2013, it is doing its best in both domestic and overseas businesses with Quality
                 Management and Environmental Management taken as catchphrases.




                 Apartments Brand :




                 Commercial-residential Building :
                                                                                                                                               55
                                                                                                                                Business Structure
                                                                                                                                      Construction




   Business Area
   Civil Works                                                         Building
Hyosung participates in various areas from traffic network          Including the public housing construction, Hyosung has been
construction including the construction of main roads and           accumulating know-how on various construction works, such
bridges (Youngdong Highway Construction, Seoul Subway               as BTL projects of school facilities, military facilities, down-
Construction, etc.), from national land development projects        town-related works, and commercial facilities development.
including Incheon International Airport site construction, water    With its realization of reasonable process control and quality
and sewage piping system construction, to environment-              first principle, it is selected as an excellent construction com-
related works.                                                      pany by private construction corporations as well as public
In addition to simple construction works, Hyosung puts more         organizations, including LH Corporation and SH Corporation,
emphasis on high technology and advanced construction               every year and its technical capabilities is also well acknowledged.
methods. MSS (Movable Scaffolding System), a construction           In regards to private housing projects, Hyosung has been a
method introduced in the Noryang Grand Bridge Project by            leader of differentiated housing supplies in important places of
Chinhung domestically for the first time in 1983, is being widely   the nation based on its respectable performances with Seocho-
applied to the construction of high-speed railways and main         dong Chinhung Apartment and Cheongdam-dong Chinhung
bridges. Accordingly, as environmental and future-oriented          Apartment. Recently, the company has been offering customer-
projects have expanded in recent days, Hyosung devotes              focused residential environments by grafting Art Directing onto
itself to the promotion of various civil works including active     newly distributed apartments in the capital area and main local
participation in cutting-edge eco-friendly projects such as the     cites, including ‘The Rubens at Sangha, Yongin’, to add artistic
automatic clean net (an automatic waste collection facility)        sense and reflect fresh ideas for a more convenient life.
construction and promising projects such as the lightweight         Moreover, the company takes an active part in downtown
subway construction.                                                redevelopment and apartment reconstruction and shows con-
                                                                    tinuous business expansion based on its 50-year technology
                                                                    in civil works and building areas.
Trading
  Steel & Metal Products PU                 Chemical Products PU         Trans-World PU




The trading field is vigorously participating in the international market, covering various

business sectors, including steel, chemicals, distribution and logistics. In addition, the

group has a global network of 52 subsidiaries all over the world, providing the best

marketing services based on valuable information from the international market. By

pioneering new products and markets, the field of trading has secured its export

bridgeheads across the world, and continuously posted growth through business

diversification based on cross trade, import and domestic businesses.
                       57




     Making an effort to
improve customer value
  anywhere in the world
  with a global network.
58




     Steel & Metal Products PU




                           Leading the export of Korean steel, the Steel Performance Units deal with a variety of steel
                           products(such as hot-rolled coils, wire rods, cold-rolled coils, galvanized steel coils, steel plates,
                           electrical steel, stainless hot-rolled coils, stainless cold-rolled coils, stainless wire rods, bar steel,
                           section shape steel and special steel) produced by the major domestic steel manufacturers
                           (POSCO, Hyundai Steel Company, POSCO Specialty Steel, Hyundai Hysco, Dongbu Steel,
                           SeAH Steel, SeAH Besteel, UNION Steel and Dongkuk Steel), steel raw and subsidiary material
                           and steel processing machinery/equipment.
                           The Steel Performance Units’ excellent human resources have intensified the relationship
                           between customers and partners in many countries by providing specialized technological
                           information and high-end services regarding products. They also continue to strive to realize
                           the mutual benefits and achieve sustained prosperity for both.




               Major Items
               Steel & Metal                                                        Steel & Metal
            Hot-rolled Coils, Wire Rods, Cold-Rolled Coils, Galvanized           Stainless hot-rolled coils, Stainless cold-rolled coils,
            Steel Coils, Steel Plate, Electrical Steel, Tin Plate, PPGI, steel   Stainless wire rods, Steel Plate, Bar steel, Section shape steel
            raw and subsidiary material, steel processing machinery/
            equipment, etc.
                                                                                                                                59
                                                                                                                 Business Structure
                                                                                                                            Trading




Chemical Products PU                                              Trans-World PU




The Chemical Products Performance Unit, having                    Blessed with more than 30 years of accumulated
grown with Korean domestic chemical industry,                     experience and know-how as a general trading
exports various chemical products from basic                      company, the Trans-World Performance Unit saves on
petroleum products to fine chemicals.                             logistics costs and improves productivity for its clients,
To achieve the vision that being the leading chemical             providing stable and effective forwarding operations
trading company which provides the best customer                  and managing container, bulk, equipment, and plant
satisfaction, the company is expanding exports to the             services. The Trans-World Performance Unit will
world by using the Global Network and contributing to             continue to provide the best levels of total packaged
the profitable increase through enlargement of                    services, matching the expansion of outsourcing
merchandising trade. For securing new growth                      distribution by launching shipping related business
engines, the company is going to bring up Total Health            activities with shipping agency, chartering brokerage,
Care business based on the Health functional food                 and warehousing services.
business. In addition, the company’s priority task is to
raise high talented human resources. So the
opportunity of training and learning is provided to
grow professional traders for sustainable development
of the company.




   Major Items                                                       Major Items
Terephthalic Acid, Caprolactam, Fertilizers, PET Chip,            Export Containers, Bulk, Mechanical Materials, Plants,
Polypropylene, Polyethylene, Sodium Cyanide, Purified             Transportation
Isophthalic Acid, Polyester Staple Fiber, Pharmaceuticals,
Methylene di-para-phenylene Isocyanate (MDI), Polytetra-
Methylene Ether Glycol, Polystyrene, Expandable Polystyrene,
Nylon Chip, Engineering Plastics, Plasticizers, Fine Chemicals,
Healthy functional food, etc.
Information & Communication & IT
   Nautilus Hyosung PU           HIS PU     Hyosung ITX Co., Ltd.




From hardware and software development in ATMs & Computers to various IT services, Hyosung’s field of

information & communication & IT is leading the new, state-of-the-art technology in information systems for

the financial services & IT industry.
                        61




         The company is
         leading a world
          of cutting-edge
    information systems
from ATMs to IT services.
62




     Nautilus Hyosung PU




                Nautilus Hyosung has been a pioneering force in the development of financial services and
                ATM technologies. With three decades of experience, Nautilus Hyosung is well on its way to
                becoming a world-class financial solution provider. Nautilus Hyosung’s financial services
                industry products are widely used throughout Europe, North and South America, the Middle
                East, Asia and Africa.
                Nautilus Hyosung products feature state of the art technology and comply with global
                standards to ensure efficiency, convenience and security. Through Nautilus Hyosung’s vertically
                integrated business model, all core technologies are created in-house, thereby enabling Nautilus
                Hyosung to be a truly customer-centric company uniquely suited to serve customers with even
                the most demanding applications.
                                                                                                                                        63
                                                                                                                         Business Structure
                                                                                                           Information & Communication & IT




   Main Products & Services
[ Hardware ]                                                      [ Software ]
   Recycling ATM                                                     MoniPlus (ATM Operation software)
With our in-house designed and manufactured bill recycling        With over 50,000 MoniPlus software installations around the
machine, Nautilus Hyosung has introduced a next generation        world, MoniPlus is an excellent choice to start immediate
ATM that will considerably reduce cash management costs           deployment. MoniPlus supports NDC, DDC, ISO8583 and
and enhance ATM availability by minimizing cash                   various message protocols in addition to standard ATM
replenishment needs.                                              transactions, including intelligent deposit automation (bundle
- Monimax 8100, Monimax 8000, Monimax 8000T                       note, checks, cash recycling) and various multimedia
                                                                  applications and payment services. It offers a user friendly
   Full Function ATM                                              supervisor mode, RKT (Remote Key Transfer) and EMV Level
Equipped with both a depository unit and dispensing unit, our     2. It supports any windows based ATM running on CEN/XFS
full function ATMs come with the latest deposit automation        3.0 platform.
technology for instant deposit and crediting of deposited
notes or checks in bundled amounts.                                  MoniManager (ATM Management Solution)
- Monimax 7600, Monimax 7600T, Monimax 7600D,                     MoniManager is an intelligent ATM management solution
  Monimax7600I                                                    which offers a full package of functions required for the highly
                                                                  efficient and effective operation of ATM fleets. MoniManager’s
   Stand Alone Deposit                                            remote control feature helps minimize cost by remotely
Nautilus Hyosung’s stand alone deposit units provide financial    managing ATMs without human intervention. MoniManager’s
institutions with cost effective measures and provide much        main functions include fault management, marketing and
needed convenience to customers with round-the-clock              location management, remote operations, cash management,
automated deposit service.                                        security management and statistical reports.
- Monimax 6300, Monimax 6600

   Cash Dispenser                                                 [ Service ]
Our in-house developed cash dispensing units have long               ISO (Independent Service Organization)
been recognized as some of the most reliable and efficient        Operating under the brand name of ‘MyCashZone’, Nautilus
units in the market, garnering praises from partners around the   Hyosung is the biggest ISO (Independent Sales Organization)
world. Cash dispensers come in both lobby style, through the      in Korea, and provides round-the-clock service for various
wall style and drive up type.                                     public installations. MyCashZone provides not only cash
- NH 1800, NH 2100T, NH 2700                                      withdrawal, transfer, loan and payment service through links
- Monimax 5000, Monimax 5300, Monimax 5600,                       with financial institutions, but also various other convenient
  Monimax 5600T                                                   services, such as ticket purchasing, mobile gift certificate
                                                                  purchasing and mileage accumulation.
   Kiosk
With sidecar options and various value-added, revenue driving        ATM Total Outsourcing
features such as bill payment, mobile top-up, check cashing       Nautilus Hyosung provides Total ATM outsourcing services
and prepaid card dispensing, Nautilus Hyosung kiosk units         from machine operation to maintenance. Nautilus Hyosung
provide an additional wealth of features beyond cash              also established a professional security system and
dispensing and depositing.                                        organization in Korea, and manages faults and cash
- Monimax 9000                                                    transports safely around the clock. This allows bank branches
- Monimax 5300 with sidecar, Monimax 5000 with sidecar            to reduce the burden of operating automated machines so
                                                                  they can concentrate on their core activities. Additionally, both
                                                                  investments and costs related to automated machine
                                                                  operation will be greatly reduced.
64




     HIS PU
                             Hyosung Information Systems(HIS) is a total storage solution provider that specializes in
                             storage platforms which provide storage systems and solutions to approximately 600
                             companies in Korea, including financial institutions, public and communications agencies, and
                             SI companies. HIS has become a market leader, based on the support of its specialized
                             technologies, its global service network linking the US, Japan, and Australia, and its top product
                             lines, including ‘Hitachi USP V/VM’, ‘Hitachi AMS 2000 Series’. Having been established as a
                             ‘Storage Value Innovator’, HIS has continued to expand its business areas by providing a variety
                             of solutions as well as storage platforms and new service programs.
                             To be a true leader in the IT industry, HIS is in the process of equipping itself with a wide range
                             of product families, specialized technologies, valuable vision and confidence, customer-centered
                             services, future-oriented perspectives, and the maturity of a full-fledged company. HIS is
                             striving to develop into Korea’s premier company in the storage arena, meeting the varying
                             demands of its customers in the overall information system industry.




                 Main Products & Services                                         scalable and reliable systems. Their SAS based drive
                 USP V                                                            architecture delivers industry leading price/performance for
              This is a representative HIS high-end product and a                 midrange systems. The 2000 family is the only midrange
              breakthrough total management solution for heterogeneous            storage product line with symmetric active-active controllers
              storage, with a built-in virtualization solution. This represents   that automatically perform many complex and time
              the world’s first implementation of a large scale, enterprise-      consuming tasks that administrator routinely face.
              class virtualization layer combined with thin provisioning
              software. That means the virtualization of internal and external      HCP (Content Platform)
              heterogeneous storage into one pool has finally been                This storage platform is used for electronic documentation,
              achieved. Customers can obtain the consolidation benefits of        archives, and cloud computing as a certified electronic
              external storage virtualization with the efficiencies, power, and   content archive system. Companies have faced this issue
              cooling advantages of thin provisioning in one integrated           since the Electronic Commerce Act was reinforced.
              solution.
                                                                                    H-NAS
                 USP VM                                                           H-NAS (High Performance NAS Platform) delivers
              This is another representative HIS enterprise solution, standing    unprecedented levels of performance and scalability. It is
              alongside the ‘USP V’. USP VM blends enterprise-class               optimized for enterprise storage consolidation and high-
              functionality with a smaller footprint to meet the business         performance applications.
              needs of entry-level enterprises and fastgrowing midsize
              organizations, while supporting distributed or departmental           Others
              applications in large enterprises.                                  HIS incorporates the intelligent application SAN switch of
                                                                                  Brocade / Cisco, and the WAN accelerator of Riverbed. HIS
                AMS 2000 series (Adaptable Modular Storage                        provides a number of solutions to optimize the business
              2000 series)                                                        environments of its corporate customers as Total Solution
              Adaptable Modular Storage 2000 series are extremely                 Provider.
                                                                                                                 65
                                                                                                  Business Structure
                                                                                    Information & Communication & IT




Hyosung ITX Co., Ltd.




      Hyosung ITX is a leading outsourcing service provider that has been together with the growth
      of the domestic contact center industry. It is the company’s 13th anniversary since founding this
      year. It established almost 70 contact centers in various areas, including telecommunication,
      finance, publics, distribution, and manufacturing, and has been consulting and managing them
      with the best services and has the largest capacity(5,000 seats) in the industry.
      The company was publicly acknowledged for its specialty in service management in contact
      centers after first listed on KOSPI in the industry in 2007. In 2008, it first obtained KS
      Certification in the call center service field in the contact center outsourcing industry, and
      consequently proved that it offers high quality services for customers.
      Hyosung ITX gives spurs to strengthening business capabilities and improving profitability
      with its new gateway to growth, the CDN(Contents Delivery Network) business and the sales
      business on display solution video equipment, as well as making efforts to continuously add
      orders for various contact center fields.
      Hyosung ITX will maximize the growth of its turnover along with the growth of its existing
      businesses by specifically taking its new businesses, which has been multilaterally reviewed, by
      taking a step further in 2010.
Other Affiliated Companies
  Hyosung Capital PU       The Class Hyosung Co., Ltd.       Hyosung Toyota Corporation
  Galaxia Photonics Co., Ltd.     Galaxia Electronics Co., Ltd.   Galaxia Communications Co., Ltd.




Hyosung is reinforcing its capabilities as a global company, while it advances its business

structure and endeavors to develop its business capabilities.

Hyosung has strengthened its dominance in the global marketplace in its existing core

business sectors, such as high-voltage transformers, tire cords, and spandex, and actively

ventured into other business areas, seeking to secure growth momentum by establishing

the company’s mid/long-term vision. In line with our reinforcement of competencies in

our core business areas, Hyosung has wisely prepared for a sharply changing business

environment to secure next-generation growth.
                        67




    We mainly focus on
securing growth engines
          by diversifying
  our business structure.
68




     Hyosung Capital PU




                          Beginning with providing factoring financing as its main service offerings, the Hyosung Capital
                          Performance Unit has endeavored to secure professionals and expand its business areas. As a
                          result, it stands now as a specialized credit company operating a leasing and installment
                          financing business as its main business activity.
                          Furthermore, the company is building external trust by selecting excellent clients through the
                          use of an outstanding screening system. The company holds a dominant position in the leasing
                          market with widely used facilities, such as constructing machinery, engineering machinery, and
                          medical devices, and is growing to become a key player in the credit industry with its aggressive
                          customer-centered management activities.




               Business Area
            [Lease Finance]                                                   [Installment Finance]
              Target Facilities                                               Automobiles, used cars, durables installment financing, etc.
            - Machine Tool Equipment
            Lathes, machinery centers, drilling machines, milling             [General Corporate Finance]
            machines, grinding machines, cutting machines, press, etc.           Project Finance
            - Medical Machinery                                               Acquiring land around real estate development projects, and
            Unit-chairs, panorama X-rays, CTs, IPLs, excimer lasers, MRIs,    providing initial execution funds
            endoscopes, slimers, epilators, ultrasonic waves diagnosors,
            etc.                                                                 Corporate Working Capital
            - Commercial Vehicles                                             Providing corporate working capital funds
            Buses, cargo trucks, wing-body trucks, tractors, etc.
            - Construction Equipment                                             Factoring
            Excavators, concrete pump cars, cranes, mixer trucks, etc.        Bills, discounting on receivables, etc.
            - Passenger Cars
            Domestic or imported passenger or transportation vehicles,           CRC/NPL, M&A
            commercial vehicles (less than 5 tons)                            Corporate restructuring, mergers & acquisitions, etc.
            - Printing Equipment
            Pre-printing machines, printers, post machines
            - PCB/SMT
            Print circuit board producers, chip mounters, inspectors, etc.
            - Packing
            Packaging machines, laminators, etc.
            - Semiconductors & Other Industrial Equipment
                                                                                                               69
                                                                                               Business Structure
                                                                                         Other Affiliated Companies




The Class Hyosung Co., Ltd.




      In October 2003, a new corporation was established to sell and provide services for Mercedes-
      Benz vehicles. In 2004, the company opened the Mercedes-Benz Tower(the largest exclusive
      automobile showroom in Asia) on Gangnam-daero in Seoul, Korea, and a service center in
      Dogok-dong, Seoul, Korea, fully operating businesses and satisfying customers with a special
      cultural space established solely for them. In 2007, the company expanded in the Bundang area
      to secure a wider range of customers. The Class Hyosung opened a showroom and a service
      center at Jeongja-dong of Bundang in January 2009, which enables customers to purchase
      vehicles and get services in the same location. The company has been expanding its business,
      including the 3rd showroom at Samjeon-dong, Songpa-gu, and Seoul, which opened last
      November. In addition, its market share is also on the increase every year. The Class Hyosung
      will take the initiative in enhancing customer value by offering more advanced optimum
      services for customers.



Hyosung Toyota Corporation




      Hyosung Toyota is an official Toyota dealer designated in July 2008, offering prompt and
      flawless service as well as easier access by opening the largest exclusive service center Seocho
      Showroom, opened in October 2009, famous for its One-Stop Total Service - among Toyota
      dealers. The company will take the initiative in contributing to the development of Korea’s
      automobile culture by offering a new value beyond consumer expectations. Moreover, the
      company is doing its utmost for the best customer satisfaction and impression as an official
      Toyota dealer that practices the value and beauty of sharing.
70




     Galaxia Photonics Co., Ltd.




               Galaxia Photonics is a company developing and manufacturing high luminous Epi-wafers and
               LED chips. The company was established in May 2000 for the development and production of
               LED Epi-wafers.
               LEDs are widely used from LED LCD TVs, notebooks, and monitors used all around the world
               for a variety of lighting apparatuses. LED is an eco-friendly light source featuring less power
               consumption compared to existing light sources such as CCFL, high durability, and mercury-
               free. Its usage range will be further expanded.
               The Galaxia Photonics offers both domestic and overseas LED application makers with Epi-
               wafers and LED chips based on several years of high-level research and development capability
               and know-how on mass production necessary for the management of production facilities.




     Galaxia Electronics Co., Ltd.




               Galaxia Electronics is a global leader of LED applications in LED video display, media facade
               (architectural lighting), and interior white lighting. Displayed as the world’s biggest LED media
               display(width 99m height 78m) at the Seoul Square project in 2009, Galaxia Electronics
               specializes in innovative image display technology for providing architectural media art via
               LED. As the principle video system for numerous world class concerts and entertainment
               events, the WinVision series has now become a hot global icon in the entertainment display
               business. Through its innovative LED solution, Galaxia Electronics will continue to strive
               forward to achieve human and environment friendly lighting.
                                                                                                                              71
                                                                                                              Business Structure
                                                                                                        Other Affiliated Companies




Galaxia Communications Co., Ltd.




                  Galaxia Communications offer Transaction, Information, and Entertainment solutions based
                  on wired and wireless network.
                  The company’s main businesses include Electronic Payment in which all payment solutions
                  necessary for customer e-transaction are established and provided on a turnkey base, Mobile
                  Marketing which contributes to the increase in customer selling by planning and providing
                  various marketing means under a mobile environment, Multimedia Solution in which
                  multimedia contents of various specifications are produced, transformed, transferred, and
                  distributed with the best quality and at a minimal cost under a wired and wireless network
                  environment, Mobile Learning Platform in which students can take advanced online lectures
                  with their mobile phones without being restricted by time and place, and ASP(Application
                  Service Provider) which provides services required to provide users with various multimedia
                  contents such as music, movie, and entertainment based on domestic telecommunication
                  companies’ wired and wireless platform.
                  Moreover, the company does its utmost to offer more secure services for customers by
                  managing the New Media Research Institute where key technologies, ranging from the Codec
                  original technology developed in 1994 to today’s HD image service, required to produce and
                  transmit multimedia contents.




Hyosung is also leading challenges and innovations in various business areas, such as NH Tech Co., Ltd.
(concentrating on the maintenance of financial automation devices), Hongjin Data Service Co., Ltd. (the leading
apartment house & assembled building management solution market), Hyosung FMS Co., Ltd. (leading in the
electronic financial market on the strength of creative service model), Soul Flora Co., Ltd. (leading the Renaissance
Project by developing and operating the “Floating Islands” on the Han River), Taean Solar Farm Co., Ltd. (Solar
Power System located in Taean, generating 2,300 MWH per year) and Hyosung Wind Power Holdings Co., Ltd.
(promoting the wind power business).
72




     RESEARCH &
     DEVELOPMENT
     Hyosung’s technologies, aiming for the realization of dreams,
     will open doors to a new tomorrow.
     Hyosung has been becoming a company that creates global life and culture in all areas of our life, including heavy

     industries, industrial materials, fibers, chemicals and information technology, by fostering the world’s top brand

     appreciated by customers via differentiated products and services equipped with global competitiveness since the

     establishment of the first technology research institute in domestic companies in 1971. Hyosung will make constant

     efforts in research and development to achieve a better tomorrow for mankind.
                                     73
                              Research &
                             Development




R&DB Labs



Power & Industrial Systems
R&D Center




Electronic R&D Center




Environment R&D Center
74




          R&DB Labs

     Research Field
      The Technology
      Commercialization Center
     New sustainable energy materials
     Advanced polymers
     Chemical raw materials
     Nano-composite fibers


      Manufacturing R&D Center          Since its founding in 1971 as the first private company research center in Korea, Hyosung
     fiber & Textile                    R&DB Labs has led research and development efforts in the synthetic fibers industry, which
     Chemical materials                 served as the power base of Korea’s industrial development during the 1970s. With success in
     Electronic materials
                                        the synthetic fibers industry, Hyosung R&DB Labs was able to expand its research fields to
                                        cover raw chemical materials and chemical products, as well as bio-based products. In
                                        September 2006, the R&D Center and the Production R&D Center were integrated to become
                                        Hyosung R&DB Labs, providing outstanding future growth momentum.
                                        Hyosung R&DB Labs will continue its focus on R&D activities so that it will play a significant
                                        role in the rebirth of the Hyosung Group as a company leading world technology.

                                2009    Deep & Vivid colors PET for Sports wear (Prizma),               2000   Core-Sheath Type Nylon Luminant Yarn, DH Catalyst, Nylon
                                        Transparent PP grade for LCD protective film, Development of           Nanocomposites, HIPP
                                        catalysts for propane dehydrogenation, Anisotropic
                                        Conductive Film Normal Grade for small size LCD, Strongly       1999   PET M-2, Far-Infrared Nylon Yarn
                                        adhesive and thermostable oriented polyamide film
                                                                                                        1998   HTS Special Yarn, CoPEN Resin for Bottles, Water-Soluble
                                2008    Polyester Fiber with Warmth & Comfort (Aerowarm), Recycled             Chitosan Oligosaccharide
                                        Polyester Filaments (Regen), Para Aramid Fiber, Protective
                                        Film PP Grade for LCD, Spun Dyed Black for ARS, 300ml           1997   Low Melting-Point Bonding Yarn, Artificial Leather, Biological
                                        Mineral Water PET Bottle for Vending Machine, 2000ml 43g               Contactor, Polyester Film Polymer
                                        Light weight PET Bottle for Mineral Water (Lotte ICIS)
                                                                                                        1996   Yarn and Textile for Air Bags, Composite Synthetic Resin
                                2007    Anisotropic Conductive Film (ACF), Shape Memory Fiber for
                                                                                                        1995   0.7 Denier Nylon Microfiber
                                        Woven (Nature- ), Flame Retardant Prizma Fiber, SHT PET
                                        yarn for ARS, In-line coating PET Film for Window               1994   Anti-Odor and Germ Carpet, Ultrafiltration Membrane Purifier

                                2006    Polyester Askin Yarn, Polyester Low Shrinkage Yarn, Polyester   1993   Nylon Hollow Fiber, Microbial Agents for Wastewater
                                        Partition Yarn, Polyester Conductive Yarn, Anti Wicking                Treatment
                                        Polyester Yarn for C&L Fabric, Nylon Bonding Yarn, Nylon
                                        Differential Colored Yarn                                       1992   Nylon Microfiber, Dry Spinning Spandex

                                2005    High Purified Fluorine Gas, Polyester Potential Stretch         1990   Artificial Marble
                                        Conjugate Yarn (Xanadu 55), Flame Retardant Polyester for
                                        Industrial, Alkali Resistance Spandex, Dope Dyed Spandex        1989   Full-Dull Polyester Yarn

                                2004    Nylon Nano Magic Silver ‘MIPAN’, PVA Yarn, High Set             1987   Nylon-66 Resin
                                        Spandex, Micro Polyester Textured Yarn, Catalyst for
                                        Polypropylene Polymerization                                    1986   Polyester Hollow Yarn

                                                                                                        1984   PP Resin, Epoxy Resin
                                2003    PEN Tire Cord, Lyocell Tire Cord, Zn-Free Spandex, PP Chip
                                        for Medical Use, Multi-Layer Beer Bottle                        1983   Nylon/Polyester Ultra-Fine Yarn, Nylon Conductive Yarn,
                                                                                                               Artificial Suede, Artificial Turf
                                2002    Multi-Layer Nano-Filtration Membrane, Transparent PET Film
                                        Fluorescent Spandex, Heat Resistant Spandex, Anti-Bacterial     1980   Nylon-6 Resin
                                        Nylon Fabric, Polyester Film, Nanofiltration Membrane
                                                                                                        1978   BCF Yarn for Carpets
                                2001    PET Ultra Micro Fiber (0.2 Denier), PTT BCF Carpet, Resin for
                                        Nylon Film T-die
                                                                                                                                                                           75
                                                                                                                                                                Research &
                                                                                                                                                               Development



Power & Industrial Systems R&D Center

Research Field
Core common basic technology
Next generation power /
energy system
Value-added new products
Grid solution
Core components

                                  Hyosung is pursuing world-class quality in the heavy electric equipment industrial, and electric
                                  and electrical-energy system sectors. At its root is the power & industrial systems R&D center
                                  that has developed along with domestic technology development in the related sectors since its
                                  establishment in 1978. The power & industrial systems R&D center is driven to become the best
                                  provider of core technology and products in the heavy electric, energy system, electric and
                                  electrical and electric power automation system sectors, and has been operated in cooperation
                                  by the Anyang R&D Center and the Changwon R&D Center.
                                  With the core values of innovation, creation, and specialty, the Heavy Industry R&D Center has
                                  expanded its Global top R&D activities to be at the forefront of research capabilities in every
                                  R&D sector. It has, as its central philosophy, the improvement of customer satisfaction, quality,
                                  and result-orientation.

                           2009   100MVA STATCOM                                                  1999   800kV 50kA GIS, Monitoring & Diagnosis System for 765kV
                                                                                                         Substation Equipment, 200kW Gas Turbine Co-generation
                           2008   IED for Preventive Diagnosis of Transformer (IEC61850                  System, Package-Type CNG Refueling System, Class 1E
                                  certification with the Conformance Test Procedures Rev.2.2),           Safety - Related High Voltage Electric Motor for Nuclear Power
                                  170kV GIS Bay Controller (IEC61850 certification with the              Plant, 362kV 63kA 8000A GIS (for the first time in the World)
                                  Conformance Test Procedures Rev.2.2), 25kV C-GIS Bay
                                  Controller (IEC61850 certification with the Conformance Test    1995   Gas Turbine Co-generator, Traction Motor for Urban Mass Transit
                                  Procedures Rev.2.2), Grid Connected Solar Inverter (3kW,
                                  50kW, 250kW), 1kW class PEMFC Residential Power                 1992   765kV Transformer (for the first time in Korea)
                                  Generation System, 25.8kV 25kA Dry Air Insulated Switchgear
                                  (for the first time in Korea), 245kV 40kA Motor Direct Drive    1987   170kV 31.5kA 1200A GIS
                                  Mechanism GIS
                                                                                                  1986   Amorphous Transformer (for the first time in Korea)
                           2007   154kV Gas Insulated Transformer, 2MW Wind Turbine System
                                                                                                  1984   154kV Phase-separated Transformer (3ph 154kV 386MVA)
                           2006   10MVA STATCOM (Static Compensator), Partial Discharge
                                                                                                  1982   345kV Transformer for Nuclear Power Plant (1ph 345kV
                                  Monitoring System for GIS                                              1187MVA/Bank)
                           2005   750kW Wind Turbine System, PCS for 100kW Molten
                                  Carbonate Fuel Cell System, 36kV 31.5kA GIS

                           2004   245kV 50kA GIS (for the first time in Korea), 25.8kV 25kA GIS
                                  (NEW IEC standard, for the first time in Korea), 24kV 40kA
                                  3000A GIS (for the first time in Korea)

                           2003   362kV 50kA GIS (for the first time in Korea), 154kV 80MVA
                                  Unified Power Flow Controller (Flexible AC Transmission
                                  System) Pilot Plant (for the first time in Korea)

                           2002   Substation Automation System

                           2001   154kV 40MVA Transformer for FACTS, Condenser Less Type
                                  170kV 50kA GIS

                           2000   Digital Protection Relay
76




         Electronic R&D Center

     Research Field
     ATM development
     - System
     - Mechanism
     - Electric department
     - S/W
     New technology development
     of mechatronics
                                     The Electric R&D Center, established in 1983, has developed and supplied various products
                                     throughout its history, including ATMs, Kiosks and Branch Processors, and made significant
                                     contributions to the development of financial automation devices.
                                     It continuously strives to be a front runner in the financial automation mechatronics sector
                                     through continuous R&D and technology investments.




                              2009   Developed Cash Recycling ATM with In-House Built BRM,         1998   Developed MINI CD, and WCDP
                                     Certified by European Central Bank on counterfeit detection
                                     capability                                                    1997   Developed CDU (CDU-M) for export

                              2008   Developed BNA, BCA, Recycling Coin ATM and Branch Cash        1996   Developed a circulating type ATM (RATM) and Branch
                                     Management System                                                    Processor

                              2007   Developed SCDP2, NH-1800, CSM and Full Function Lobby         1995   Developed New BP (RISC BP), HIT (Hyosung Intelligent
                                     ATM, CITI Bank ATM (MX7600T)                                         Terminal), and a non-circulating ATM

                              2006   Developed the High End Drive-Up ATM, the New Lobby ATM        1994   Developed Passbook Printer and NCD
                                     (NH 5050) for China’s ISO market, and multi-functional ATMs
                                     (T2 ATM) for new bills

                              2005   Developed W-TTW, Payment System, and MCD-4 (MX 5600)

                              2004   Developed SAU (A4 Statement Printer), and MB-TTW

                              2003   Developed TTW (Through the Wall) CD, and the Giro Payment
                                     System

                              2002   Developed and merchandised V-BRM and developed T1 ATM

                              2001   Developed Nano Cash- , and mass-produced and
                                     merchandised Nano Cash-

                              2000   Developed NC-2000, VAN CD, and multi-functional ATMs

                              1999   Developed MB-3000 and MCD-
                                                                                                                                                                      77
                                                                                                                                                               Research &
                                                                                                                                                              Development



Environment R&D Center

Research Field
Water quality and water resource
management sector
Waste reduction and recycling
Air pollution material reduction
and removal technology
Restorative ecosystem technology
Greenhouse gas reduction
                                    Since establishing the R&D Center in 1997, we have applied our research & development results
technology
Waste resource energizing
                                    and equipments to all environment-related sectors, including areas of water quality, air
technology                          pollution, and waste. In addition, we are building our R&D system to meet the new era with the
                                    effective use of management resources required for R&D, such as cutting-edge technology
                                    information, securing research facilities and high-grade human resources, and building local
                                    and overseas technology networks.




                             2009   Development of Advanced Water Treatment Technologies            2005   Developed the Intermittent Aeration (IA) Processing of
                                    Using Ceramic Membrane-Ozone Combined Process.                         Sewage/Waste Water Treatment

                             2008   Performed the national tasks of developing the Eco-friendly     2004   Research of the Fluidized Co-incineration Technology,
                                    Waste Energy and non-CO2 Green Gas Reduction Technology                Development of technology for Simple and Small Water
                                    (Gasification of Wastewater Sludge, N2O-removed CDM),                  Purification System, Development of technology for
                                    Technology Development Projects Using Energy Resources                 Purification Stream Water Quality by String Type Media,
                                    (Development of the Pre-combustion integrated CO 2                     Development of manufacturing Domestic Membrane for
                                    Collection Process; Development of a Pre-combustion CO2                Waterworks
                                    Recovering Cermet Separation Film), Development of High
                                    Efficiency Water Purification System using Ceramic              2000   Study of Food Waste and Sewage Mixture Treatment
                                    Membrane, Commercialization Research for a Two-Stage
                                    Double-Complex Filtering System                                 1997   Development of Food Waste Treatment Process
                                                                                                           Development of Deodorizing Equipment
                             2007   Performed the national task of developing High Efficiency and          Established an R&D Center
                                    Integrated Sewage/Waste Water Treatment Process
                                    (Advanced Treatment of a Wastewater Optimization Operation
                                    Technique (HUB-N Process))

                             2006   Development of Optimizing Operation System for HUB-N
                                    Process
78




     SOCIAL
     CONTRIBUTION
     MANAGEMENT
     Hyosung, a beloved and respected company, always puts the
     quality of life for humanity first.
     Along with making profits, carrying out its social responsibilities drives the company to achieve sustainable

     growth. Hyosung is becoming a responsible company building reliability by conducting the right

     management, conserving environment through an eco-conscious business, and expanding its social

     contributions which helps communicate with society and promote the development of communities.
                                           79
                           Social Contribution
                                 Management




Eco-Conscious Management




Sharing-based Management




Ethical Management
80




     Eco-Conscious Management




       Eco-Conscious
       Create a new world with love for the environment.
       Our life and future exist under a blue sky, in clean water, and on green land. Hyosung has been putting a constant focus on
       achieving a clean environmental management to save our valuable environment based on its belief that environmental
       conservation is not only a corporate social responsibility, but also a significant factor to keep long-term corporate
       competitiveness. Hyosung takes the lead in making a cleaner and healthier environment.
                                                                                                                        81
                                                                                             Social Contribution Management
                                                                                                  Eco-Conscious Management




New Renewable Energy




        Hyosung has produced eco-friendly and clean energy using wind, solar, and water, the infinite
        energy sources of nature. Through our eco-friendly energy businesses, including wind turbine
        system, solar power system, cogeneration systems, fuel cell technology, etc., Hyosung is
        creating an affluent and convenient life in which we can all enjoy a future without fossil fuels.

           Wind turbine system
        Based on our technological know-how, accumulated through our existing business activities in power
        transmission and distribution equipment, generators, gearboxes industrial machinery, etc., Hyosung has built
        Korea’s first wind turbine system using unique technology. Successfully operating wind turbine system in Jeju
        Island, Daegiri, and Maebong Mt., Hyosung has solidified its leadership in the wind turbine system sector.

           Solar power system
        Hyosung has completed the construction of the 3MW largest solar power system in Samnangjin, and has
        been operating 1.6MW self solar power system complex in Taean. Expanding R&D investment to develop
        solar batteries (using PV cells) and centralizing our corporate competencies based on eco-friendly
        businesses, which have become the core activities of the company, Hyosung has been actively cultivating
        clean energy development projects.

           Cogeneration system
        Hyosung manufactures combined heat & power (cogeneration) generation facilities to produce electrical
        energy and heat energy from the single energy source (fuel). By recycling discarded energy, Hyosung can
        simultaneously reduce the emission of greenhouse gases and energy production costs.

           Fuel cell technology
        Generating power through chemical reactions, fuel cells are a clean
        energy system not involving the discharge of noise or pollution, and
        that waste less energy. Hyosung’s household fuel cells generate
        electricity and heat energy with city gas as the fuel source.




                                                                                                     Fuel cell
82




     Purification of Waste & Recycling




               Polluted every day, the environment is now threatening life on earth. By purifying nature and
               recycling discarded resources, Hyosung is helping make the earth healthy again and turn the
               environment into a space for refreshing life. Eco-friendly technology that gives life to earth...
               that is what Hyosung is providing.

                  Waste treatment facility
               The facility is reducing harmful substances such as dioxins, which may be generated during waste treatment
               processes, and is recycling the heat energy generated during incineration, and even integrates combination
               treatment technology to process food waste.

                  Wastewater technology
               Constructing Korea’s first sewage treatment plants using biological processing methods, Hyosung has
               developed advanced treatment techniques to make purified nitrogen and phosphorus.

                  Methane gas technology
               Through an electric energy generation facility using methane gas, Hyosung has supplied high-efficiency
               energy with reduced low-carbon dioxide emissions.

                  Resource circulation sector
               Hyosung performs not only waste incineration, but is expanding advanced gasification melting technology.
               In addition, the company has recently realized a resource-circulating society with the development of its
               waste energy business, though high-efficient incineration generation and food waste methane gasification.

                  RegenTM- Recycled yarn
               Using from discarded yarns, fishing nets, and PET bottles, Hyosung introduced the world’s first recycled
               nylon and polyester yarns, with quality and functionality levels equal to those of new products.

                  Aerocool eco, creora H-100D
               By omitting the post-treatment process that uses chemicals and dyes in the yarn production process,
               Hyosung produces eco-friendly yarns that can reduce the production of industrial wastewater by almost
               100,000 tons per year.




                       derelict fishing net, PET Bottle    eliminate impurities,     Plastic               RegenTM
                                                                 grinding             Chip                  Yarn
                                                                                                                               83
                                                                                                  Social Contribution Management
                                                                                                       Eco-Conscious Management




Reducing CO2, High Efficiency Energy




         Hyosung reduces the wasting of energy through its high-efficiency energy technology, and cuts
         down the generation of carbon dioxide, creating clearer and cooler air. With its high-efficiency
         energy technology in high-efficiency motors/pumps, ESCO, CNG refueling system, LED, low-
         temperature-processing yarns etc., Hyosung has unfolded a life that is full of vitality.

            High-efficiency motors
         The highly-efficient electric motor is an eco-friendly product that reduces carbon dioxide emissions and has
         20-30% less power losses, and 3-18% higher efficiency compared with general electric motors.

            High-efficiency pumps
         Praised as the landmark of Seoul, Cheonggyaecheon (the stream in the center of the city) has proven an
         enormous success. Hyosung has supplied high-efficiency pumps to circulate the water in
         Cheonggyaecheon and create a clean environment by boosting energy efficiency and reducing the use of
         fossil fuels.

            ESCO (Energy Service Company)
         Participating in the ESCO business, a government energy-saving plan, Hyosung boasts the best
         competitiveness levels in the industry, thanks to the company’s aggressive investments and advanced
         technological capabilities. With the best technology power in Korea and continuous R&D efforts, the
         company has proposed a range of historic energy-saving plans.

            CNG refueling system
         Hyosung has secured refilling facilities utilizing eco-friendly and high-efficiency natural gas, positioning itself
         as the first company domestically in supply to CNG refilling facilities. CNG is mainly used by buses, and is
         now playing a major role in reducing carbon dioxide emissions that result from public transportation.

            LED (Light Emitting Diode)
         Compared with conventional lighting systems, such as incandescent lamps and fluorescent lamps, etc.,
         LED can reduce energy consumption by up to 90%. Hyosung developed the world’s first transmitted image
         display and LED for indoor use, leading the future LED market.

            Low heat settable yarn
         Produced with low dye temperatures to save on energy consumption, Prizma cuts down at least 60,000 tons
         of CO2 emissions per year. creora H-550 is processed at temperatures of 15-20°C lower than existing
         general yarns.
84




     Sharing-based Management




       Sharing through
       participation
       More sharing, more happiness
       Greater happiness exists in a society where all its members participate in sharing. Hyosung practices its ‘sharing via
       participation’ initiative by giving out its warmhearted hand to neighbors in need, experiencing and sharing their
       difficulties. Believing that we are one big global family, Hyosung makes its utmost efforts to achieve corporate social
       activities including sharing activities overseas as well as domestically.
                                                                                                                85
                                                                              Social Contribution Management
                                                                                    Sharing-based Management




Hyosung is actively supporting cultural arts through Mecenat activities including patronizing
the world-famous cellist ‘The silk road ensemble with Yo-Yo Ma’, ‘Curtis & Friends the 1st
concert’, ‘World all-star charity soccer match’, ‘Hong Myoung-bo’s charity soccer match’, and
the National Museum of Korea.
Also, the executives and staffs of Hyosung have been conducting voluntary services such as
‘Sharing Kimchi’ and ‘Sharing Lunchbox of Love’, and ‘Sharing briquettes’ to people.
We do not forget the precious gift of nature and the environment. We hold a ‘Voluntary Activity
for Oil Spill Clean-Up on the west coast’, the ‘Campaign for One-Company-making-One-River’
scheme to help preserve and protect local rivers near areas of our business such as Ulsan and
Eonyang, and the ‘Cultural Heritage Protecting Activity’, in which we clean local forest areas.
Hyosung is now becoming a global enterprise doing its best in terms of its social responsibilities
through numerous sharing activities including its ‘Global Contributions to the Community’
such as support for preservation of Mr. Ku Kim’s historical site and study support for students
from Jiaxing, Zhejiang City.




 Sharing Kimchi                                       Sharing Lunchbox of Love
 Support of Experience Studies for the Disabled       Support for Oil Spill Clean-Up on the west coast
 Cultural Heritage Protection Activity                One-Company-making-One-River Activity
 Free Meal Service Volunteer Work                     One-Company One-Family Campaign
 Delivering food to senior citizens who live alone    Patronizing the National Museum of Korea
 Support a world all-star charity soccer match        Supporting the charity concert for the victims in Haiti
 Patronizing ‘The silk road ensemble with Yo-Yo Ma’   Hong Myoung-bo’s charity soccer match
 Fund-raising campaign for the victims                Launch an enterprise in China supporting
 from the earthquake in Sichuan                       scholarships to students
86




     Ethical Management




       Reliable Management
       Honesty and trust is our No.1 management policy.
       To maintain the highest standards of integrity, Hyosung has established 'Moral Codes'. Hyosung is serious about its
       social commitment as a global enterprise citizen.
                                                                                                   87
                                                                     Social Contribution Management
                                                                                   Ethical Management




[ Complying with Laws & Regulations ]
Hyosung complies with all laws and has established a code of ethics to serve our commitment to
fair and responsible management.


[ Respecting Customers ]
With the top priority being customer trust, Hyosung creates fair partnerships with its business
partners by providing distinguished levels of quality and service.


[ Considering Stockholders ]
Hyosung works for its stockholders’ and investors’ profits, and always publicly announces its
financial performance results.


[ Respecting Employees ]
Based on the notion that the most important assets of a company are its employees, Hyosung
does its best to establish a corporate culture in which its members can express their creativity
freely and remain safe from discrimination.


[ Social Responsibilities ]
Hyosung always acts with regard to its social responsibilities using all our resources to win
respect with active social contribution activities.
88




     ABOUT
     HYOSUNG
     Hyosung, a corporation that constantly grows, will take the lead in
     the global competition by strengthening its management capability.
     Hyosung exports over 70% of its products overseas and its 18 production plants located in 6 different countries

     are equipped with global production systems. Hyosung promises to take the lead in the keen global competition

     by strengthening its global management capability in all areas including marketing, production engineering, and

     service at all times.
                               89
                     About Hyosung




Business Results




Brief History




Business Directory
90




     Business Results




       Hyosung speeds up its continuous growth
       via innovation and challenge.
        For 44 years since first launching, Hyosung has continuously advanced in spite of many difficulties. By overcoming
        crisis and taking it as an opportunity for a new leap, Hyosung secures its capability appropriate for top global level in
        management factors such as quality, technology, unit cost, and marketing. Accordingly, Hyosung is growing as one of
        the top global companies, capable of handling any crisis.
                                                                                                                      91
                                                                                                        About Hyosung
                                                                                                        Business Results




Based on ‘Value Management through Global Excellence’, Hyosung has concentrated on profit
expansion by reinforcing its existing business capabilities, secured its market position by
establishing Global Networks for its core business areas, and accelerated continuous growth.
We will reinforce our global business capabilities through creative innovation and overcoming
our challenges, establishing an image as the top global enterprise through continuous change
and development.




                                                                                    10,009.1   (billion Korean won)
          Sales                                                           9,600.1

                                                                7,130.7


                 104%
         KRW     10,009.1 billion
                                                                 2007      2008      2009



                                                                                    633.8      (billion Korean won)
          Operating Income
                                                                 448.0    483.8


                 131%
         KRW     633.8 billion
                                                                  2007     2008      2009




                                                                                    238.7      (billion Korean won)
          Net Income
                                                                 198.1

                                                                          141.5
                 169%
         KRW     238.7 billion
                                                                  2007     2008      2009
92




     Brief History




       Hyosung takes a step forward with an
       endless challenging mind.
        Hyosung has been the major driving force of the Korean
        economy for last half century. The history of Hyosung as
        leader in a number of key industrial sectors in Korea is one
        of the most significant part of the path of Korea’s economic
        development.
                                                                                                                                                                       93
                                                                                                                                                       About Hyosung
                                                                                                                                                          Brief History




2010 Completed a steel cord plant in Vietnam,                                                              2001 Adopted ERP, Established the Spandex Plant in China,
      Established a plant in Brazil and made an MOU,                                                             Concluded a contract with Beijing Coca Cola for the
      Exported gear boxes for wind power turbines to                                                             long-term supply of PET Bottles
      India’s Ghodawat Energy Ltd.
      Made a contract for the electric power business in Qatar                                             2000 Established the Spandex Plant in Gumi
                                                                  2008. Built a Turkey Spandex
2009 Announced Hyosung Way,                                             Production Plant                   1999 Acquired Korean Trade (KT) Marks for the Hyosung
      Work for the Aramid Fiber Plant completed,                                                                 Computer, Ultra High Voltage GIS (Gas Insulated
      Work for the TAC Film Plant completed,                                                                     Switchgear), and Polyester Fiber (Aerocool)
      StarLease Co., Ltd. and Hyosung Capital merged,
      Obtained the international certification for the 2MW/                                                1998 T&C, Trading Company, Life Industry, and Heavy
      750kW Wind power turbine system from DEWI-OCC,                                                             Industry all merged into Hyosung Co., Ltd.
      Launched Hyosung Toyota,                                                                                   Developed 800kV GIS, a first in Korea, and only the
      Obtained the GRS for the eco-friendly recycle yarn,         2004. Built a China Jiaxing Tire Cords         3rd time Globally
                                                                        Production Plant
2008 Work for the Spandex Plant in Turkey completed,                                                       1996 Established the Nylon Film Plant in Daejeon
      Work for the Spandex / Tire Cord Plant in Vietnam
      completed, Expanded the Nantong Hyosung                                                              1995 Established PET Bottle Company in China,
      Transformer Co., Ltd. Factory in China,                                                                    Established the Tile Carpet Plant in Daejeon
      Acquired Chinhung International, Inc.
                                                                                                           1992 Started producing Spandex at Anyang Plant
2007 Acquired StarLease Co., Ltd.                                 1998. Developed 800kV GIS, the first
      Work for the NF3 Factory completed,                               in Korea and the third
                                                                        Worldwide                          1990 Entered the Spandex Business
      Built Facility for Anti-bacterial Filled PET Bottles,
      Construction of a #1 Solar Power System was                                                          1989 Entered the PP and Propylene Business, Established
      completed, Exceeded KRW 5 trillion in sales for                                                            Hyosung EBARA Co., Ltd.
      Hyosung Co., Ltd.
                                                                                                           1986 Developed POWER-5800 for Office Computers
2006 Contracted with Goodyear for the long-term supply of
      Tire Cords and Contracted to take over four Factories       1992. Commenced Production of            1983 Developed a Microfiber that combines Nylon and
      around the World,                                                 Spandex in the Anyang                    Polyester
                                                                        Production Plant
      Acquired an Agfa Photo Production Facility in Germany,
      Acquired the Nantong Hyosung Transformer Co., Ltd.                                                   1979 Started producing PET Bottle at the Eonyang Plant
      in China,
      Acquired Dongguk Trade’s Spandex Factory in China                                                    1977 Established the Heavy Industry Plant in Changwon

2005 Work for the Nylon Film Plant in Jiaxing, China                                                       1975 Acquired Hanyoung Industries Co., Ltd., (formerly
      completed                                                   1989. Entered the PP and Propylene             Hyosung Heavy Industry)
                                                                        Business, Established
                                                                        Hyosung Ebara Co., Ltd.
2004 Work for the Spandex Plant in Zhuhai, China completed,                                                1973 Established Tongyang Polyester Co., Ltd.,
      Work for the Transformer Plant in Baoding, China                                                           Established Tongyang Dyeing Co., Ltd.
      completed,
      Work for the Tire Cord Plant in Jiaxing, China completed,                                            1972 Exported Tire Cords to Southeast Asian countries for
      Signed a supply contract for 750kV Switchgear with                                                         the first time
      Northwest Street Power Grid Corp, China.
      Expanded the Nylon Film Facilities at the Gumi 1 Factory    1979. Commenced initial Production       1971 Established R&DB Labs, a first in Korea
                                                                        of PET bottles at the Eonyang
                                                                        Production Plant
2003 The Class Hyosung was established,                                                                    1968 Completed the Ulsan Plant
      Hyosung Spandex (Guangdong) Co., Ltd was
      established in Guangdong Province, China.                                                            1966 Established Tongyang Nylon Co., Ltd.
      Hyosung Film (Jiaxing) Co., Ltd was established in
      Zhejiang Province, China.                                                                            1957 Hyosung Corporation founded

2002 Took over the Tire Cord Plant of Michelin in                 1971. Established R&DB Labs
      Scottsville, U.S.A.
      Aerocool was selected as one of the World’s best
      products.
94




     Business Directory    _ Domestic




          Main Office     Cheongdam Office   Bangbae Office   R&DB Labs
                                                                                                                                             95
                                                                                                                                About Hyosung
                                                                                                                               Business Directory




Power &
Industrial
Systems
                Changwon Plant (Transformers,            Jochiwon Plant (Steel towers, Welder)     EBARA Changwon Plant (Pumps)
                Circuit breakers, Motors)




Textile &       Ulsan Plant (Nylon fibers, Tire cords,   Gumi Plant (Spandex, Polyester fibers)    Anyang Plant (Spandex, Carpet)
Industrial      Aramid fibers)

Materials




                Eonyang Plant (Steel cord)               Daejeon Plant (Carpet)                    Daegu Plant (Dyeing process)




Chemicals

                Yongyeon Plant 1 (PP/DH, NF3)            Gumi Plant (Polyester film, Nylon film)   Daejeon Plant (PET bottle, Nylon film)
                Yongyeon Plant 2 (TPA)                                                             Jincheon Plant (PET bottle)
                Yongyeon Plant 3 (TAC Film)                                                        Gwanghyewon Plant (PET bottle)
                                                                                                   Yangsan Plant (PET bottle)
                                                                                                   Deoksan Plant (PET bottle)


Trading
Information &
Communication
& IT
                Gumi Plant (ATM)                         Gwangju Cold Warehouse
96




     Business Directory   _ Overseas
                                                                                                                                                       97
                                                                                                                                     About Hyosung
                                                                                                                                    Business Directory




Asia




       JIAXING                                          GUANGDONG                                      ZHUHAI
       Hyosung Spandex (Jiaxing) Co., Ltd.              Hyosung Spandex (Guangdong) Co., Ltd.          Hyosung Spandex (Zhuhai) Co., Ltd.
       Hyosung Chemical Fiber (Jiaxing) Co., Ltd.
       Hyosung Film (Jiaxing) Co., Ltd.
       Hyosung International Trade(Jiaxing) Co., Ltd.




       QINGDAO                                          NANTONG                                        BAODING
       Hyosung Steelcord (Qingdao) Co., Ltd.            Nantong Hyosung Transformer Co., Ltd.          Baoding Hyosung Tianwei Transformer Co., Ltd.




       BEIJING                                          NANJING                                        HOCHIMINH
       Hyosung Container Co., Ltd.                      Hyosung Steelcord (Nanjing) Co., Ltd.          Hyosung Vietnam Co., Ltd.




       BEIJING                                          JIANGSU
       Beijing Hyosung Computer Technology Co., Ltd.    Zhangjiagang Xiao-sha Coil Service Co., Ltd.
98




     Business Directory   _ Overseas
                                                                                                               99
                                                                                                  About Hyosung
                                                                                                 Business Directory




Americas




           NEW YORK                  UTICA (NEW YORK)                   SCOTTSVILLE
           Hyosung (America) Inc.    Hyosung USA, Inc.                  Hyosung (America) Inc.




           PITTSBURGH                DALLAS                             DECATUR
           HICO America Inc.         Nautilus Hyosung America, Inc.     Hyosung USA, Inc.




           AMERICANA (BRAZIL)
           Hyosung Brazil Ltda.




Europe




           COLMAR-BERG               ISTANBUL
           Hyosung Luxembourg S.A.   Hyosung Istanbul Tekstil Ltd Sti
100




  Business Directory                           _ Domestic

                        Hyosung Corporation www.hyosung.com
           Power&     Main Office                                                                                    TEL.82-2-707-7000      FAX.82-2-707-6498
         Industrial   450 Gongdeok-Dong, Mapo-Gu, Seoul 121-720
                      Changwon Plant                                                                                 TEL.82-55-268-9029     FAX.82-55-282-5116
          Systems     454-2 Nae-Dong, Changwon-Si, Gyeongsangnam-Do 641-050
                      Jochiwon Plant                                                                                 TEL.82-41-860-3114     FAX.82-41-860-3113
                      518 Yeongi-Ri, Nam-Myeon, Yeongi-Gun, Chungchongnam-Do 339-828
                        Hyosung EBARA Co., Ltd. www.hyosungebara.com
                      Main Office                                                                                    TEL.82-2-707-6114      FAX.82-2-3279-8200
                      Association Special Post Office Bldg, 8th floor, 254-8 Gongdeok-Dong, Mapo-Gu, Seoul 121-720
                      Changwon Plant                                                                                 TEL.82-55-261-0141     FAX.82-55-281-0092
                      43-1 Woongnam-Dong, Changwon-Si, Gyeongsangnam-Do 641-290
                      Daegu Business Center                                                                          TEL.82-53-650-6990     FAX.82-53-650-6992
                      SeongAn Officetel, Suite 1305, 87-36, Duryu 2-Dong, Dalseo-Gu, Daegu 704-062
                      Ulsan Business Center                                                                          TEL.82-52-273-5400     FAX.82-52-273-5410
                      DongYang Investment Bank Bldg, 10th Floor, 1358-8 Dal-Dong, Nam-Gu, Ulsan 680-805
                      Yeosu Business Center                                                                          TEL.82-61-691-2601     FAX.82-61-691-2602
                      845-6 Hwajang-Dong, Yeosu-Si, Jeonranam-Do 555-110

                        Hyosung Corporation www.hyosung.com
         Industrial   Main Office                                                                                    TEL.82-2-707-7000      FAX.82-2-707-6498
                      450 Gongdeok-Dong, Mapo-Gu, Seoul 121-720
         Materials    Ulsan Plant                                                                                    TEL.82-52-278-7000     FAX.82-52-261-6180
                      588 Maeam-Dong, Nam-Gu, Ulsan 680-050
                      Anyang Plant                                                                                   TEL.82-31-428-1000     FAX.82-31-452-4175
                      183 Hogye-Dong, Dongan-Gu, Anyang-Si, Gyeonggi-Do 431-080
                      Eonyang Plant                                                                                  TEL.82-52-255-5114     FAX.82-52-262-5150
                      59 Bansong-Ri, Eonyang-Eup, Ulju-Gun, Ulsan 689-801
                      Daejeon Plant                                                                                  TEL.82-42-932-6187~9   FAX.82-42-932-8270
                      49-1 Munpyeong-Dong, Daedeok-Gu, Daejeon 306-22

                        Hyosung Corporation www.hyosung.com
            Textile   Main Office                                                                                    TEL.82-2-707-7000      FAX.82-2-707-6498
                      450 Gongdeok-Dong, Mapo-Gu, Seoul 121-720
                      Ulsan Plant                                                                                    TEL.82-52-278-7000     FAX.82-52-261-6180
                      588 Maeam-Dong, Nam-Gu, Ulsan 680-050
                      Anyang Plant                                                                                   TEL.82-31-428-1000     FAX.82-31-452-4175
                      183 Hogye-Dong, Dongan-Gu, Anyang-Si, Gyeonggi-Do 431-08
                      Gumi Plant                                                                                     TEL.82-54-470-9114     FAX.82-54-472-5775
                      169 Simi-Dong, Gumi-Si, Gyeongsangbuk-Do 730-340
                      Daegu Plant                                                                                    TEL.82-53-585-4501~3   FAX.82-53-585-8997
                      306-36 Jang-Dong, Dalseo-Gu, Daegu 704-190
                      Daegu Business Center                                                                          TEL.82-53-251-2525     FAX.82-53-252-4135
                      Textile Association Bldg., Suite 601, 103-6 Dongsan-Dong, Jung-Gu, Daegu 700-713
                      Busan Business Center                                                                          TEL.82-51-634-4111     FAX.82-51-643-9837
                      857-6 Beomcheon 1-Dong, Busanjin-Gu, Busan 614-828

                         Hyosung Corporation www.hyosung.com
        Chemicals     Main Office
                      450 Gongdeok-Dong, Mapo-Gu, Seoul 121-720
                                                                                                                     TEL.82-2-707-7000      FAX.82-2-707-6498

                      Yongyeon Plant 1                                                                               TEL.82-52-279-2014     FAX.82-52-277-4484
                      186 Seongam-Dong, Nam-Gu, Ulsan 680-140
                      Yongyeon Plant 2                                                                               TEL.82-52-279-5500     FAX.82-52-279-5555
                      204-1 Seongam-Dong, Nam-Gu, Ulsan 680-140
                      Yongyeon Plant 3                                                                               TEL.82-52-279-0408     FAX.82-52-279-0404
                      529 Yongyeon-Dong, Nam-Gu, Ulsan 680-150
                      Daejeon Plant                                                                                  TEL.82-42-605-8500     FAX.82-42-605-8555
                      1685-1 Sinil-Dong, Daedeok-Gu, Daejeon 306-230
                      Jincheon Plant                                                                                 TEL.82-43-530-7715     FAX.82-43-533-7174
                      274-3 Mundeok-Ri, Munbaek-Myeon, Jincheon-Gun, Chungchongbuk-Do 365-862
                      Gwanghyewon Plant                                                                              TEL.82-43-530-1600     FAX.82-43-535-6171
                      313 Jukhyeon-Ri, Kwanghyewon-Myeon, Jincheon-Gun, Chungchongbuk-Do 365-834
                      Yangsan Plant                                                                                  TEL.82-55-387-7165     FAX.82-55-386-5855
                      872-1 Bukjeong-Dong, Yangsan-Si, Gyeongsangnam-Do 626-110
                      Deoksan Plant                                                                                  TEL.82-43-536-1811~3   FAX.82-43-536-1814
                      27-1 Okdong-Ri, Deoksan-Myeon, Jincheon-Gun, Chungchongbuk-Do 365-841
                      Daejeon Plant                                                                                  TEL.82-42-605-8561     FAX.82-42-605-8572
                      1685-1 Sinil-Dong, Daedeok-Gu, Daejeon 306-230
                      Gumi Plant                                                                                     TEL.82-54-470-9171     FAX.82-54-470-9177
                      169 Simi-Dong, Gumi-Si, Gyeongsangbuk-Do 730-340

                         Hyosung Corporation www.hyosung.com
      Construction    Seoul Business Center
                      Bangbae Building, 1006-2 Bangbae-Dong, Seocho-Gu, Seoul 137-850
                                                                                                                     TEL.82-2-707-6114      FAX.82-2-707-4401

                      Icheon Plant                                                                                   TEL.82-31-634-0669     FAX.82-31-634-6550
                      188-2 Namjeong-Ri, Sindun-Myeon, Icheon-Si, Gyeonggi-Do 467-842
                         Hyosung Construction Co., Ltd. www.hyosungtown.co.kr
                      Seoul Business Center                                                                          TEL.82-2-707-6114      FAX.82-2-707-4401
                      Bangbae Building, 1006-2 Bangbae-Dong, Seocho-Gu, Seoul 137-850
                                                                                                                                                            101
                                                                                                                                                About Hyosung
                                                                                                                                               Business Directory




                     Hyosung EBARA Engineering Co., Ltd. www.heec.co.kr
  Construction     Seoul Business Center                                                                   TEL.82-2-707-5800       FAX.82-2-707-5888~9
                   Bangbae Building, 1006-2 Bangbae-Dong, Seocho-Gu, Seoul 137-850
                   Anyang Business Center                                                                  TEL.82-31-456-6074      FAX.82-31-456-6076
                   183 Hogye-Dong, Dongan-Gu, Anyang-Si, Gyeonggi-Do 431-080
                     Chinhung International, Inc. www.chinhung.co.kr
                   Seoul Business Center                                                                   TEL.82-2-772-1200       FAX.82-2-754-2972
                   105-192 Huam-Dong, Yongsan-Gu, Seoul 140-900

                     Hyosung Corporation www.hyosung.com
        Trading    Seoul Business Center
                   Cheongdam Building, 52 Cheongdam-Dong, Gangnam-Gu, Seoul 135-764
                                                                                                           TEL.82-2-707-7114       FAX.82-2-707-8517

                   Gwangju Cold Warehouse                                                                  TEL.82-31-763-3611      FAX.82-31-763-3615
                   288-1 Sam-Dong, Gwangju-Si, Gyeonggi-Do 464-040
                     Trans-World Co., Ltd.
                   Seoul Business Center                                                                   TEL.82-2-707-8793       FAX.82-2-707-8787
                   253-42 Gongdeok-Dong, Mapo-Gu, Seoul 121-744

                      Nautilus Hyosung Inc. www.nautilus.hyosung.com
 Information &     Main Office
                   Cheongdam Building, 52 Cheongdam-Dong, Gangnam-Gu, Seoul 135-764
                                                                                                           TEL.82-2-510-0114       FAX.82-510-0555

Communication      Mapo Business Center                                                                    TEL.82-2-2078-4870      FAX.82-2-711-9929
           & IT    Renaissnace Tower Bldg, 2nd floor, 456 Gongdeok-Dong, Mapo-Gu, Seoul 121-706
                   Gumi Plant                                                                              TEL.82-54-470-3114      FAX.82-54-470-3019
                   640 Gupo-Dong, Gumi-Si, Gyeongsangbuk-Do 730-400
                   Ulsan Business Center                                                                   TEL.82-52-278-7875      FAX.82-52-261-7546
                   588-4 Maeam-Dong, Nam-Gu, Ulsan 680-050
                   Changwon Business Center                                                                TEL.82-55-268-8047      FAX.82-55-268-8045
                   454-2, Nae-Dong, Changwon-Si, Gyeongsangnam-Do 641-712
                      Hyosung Information Systems Co., Ltd. www.his21.co.kr
                   Seoul Business Center                                                                   TEL.82-2-5100-300       FAX.82-2-547-9998
                   Cheongdam Building, 52 Cheongdam-Dong, Gangnam-Gu, Seoul 135-100
                   Daegu Business Center                                                                   TEL.82-53-426-9800      FAX.82-53-426-9830
                   67-1 Chilsung-Dong 2-Ga, Buk-Gu, Daegu 702-851
                   Busan Business Center                                                                   TEL.82-51-463-7805      FAX.82-51-463-7805
                   Sungwon Santeview, suite 526, 197-5 Gaegeum-Dong, Busanjin-Gu, Busan 614-110
                   Daejeon Business Center                                                                 TEL.82-42-485-4856      FAX.82-42-484-0366
                   MetroPalace, Suite 301, 1405 Dunsan-dong, Seo-Gu, Daejeon 302-831
                   Gwangju Business Center                                                                 TEL. 82-62-385-2193     FAX. 82-62-385-2194
                   Landpia Officetel, Suite 1215 Chipyeong-Dong, Seo-Gu, Gwangju 502-735
                      Hyosung ITX Co., Ltd. www.hyosungitx.com
                   Seoul Business Center                                                                   TEL.82-2-2102-8400      FAX.82-2-2102-8424
                   16th Fl., Ire B/D. #2, 4Ga, Yangpyeng-Dong, Youngdeungpo-Gu, Seoul 150-967

                     Hyosung Capital Co., Ltd. www.hyosung-capital.co.kr
Other Affiliated   Seoul Business Center
                   Meritz Tower, 21,22th Floor, Yeoksam-Dong 825-2, Gangnam-Gu, Seoul 135-934
                                                                                                            TEL.82-2-2018-0700     FAX.82-2-2018-0551

   Companies       Busan Business Center                                                                    TEL.82-51-819-8571     FAX.82-51-819-0680
                   HyosungExenCity Bldg, Suite 202, 521-1 Bujeon-Dong, Busanjin-Gu, Busan 614-030
                     The Class Hyosung Co., Ltd. www.theclasshyosung.com                                    TEL.82-2-575-7500      FAX.82-2-575-7530
                   946-1, Dogok-Dong, Gangnam-Gu, Seoul 135-860
                     Hyosung Toyota Corporation www.hyosungtoyota.com                                       TEL.82-2-5100-300      FAX.82-2-547-9998
                   63-7, Banpo-Dong, Seocho-Gu, Seoul 135-100
                     Galaxia Photonics Co., Ltd. www.galaxiaphotonics.com                                   TEL.82-31-683-0020     FAX.82-31-683-7373
                   Eyon-Hansan Industrial Park, 1027 Yulbuk-Ri, Chungbuk-Myun, Pyoungtaek-Si, Gyeonggi-Do 451-833
                     Galaxia Electronics Co., Ltd. www.galaxialed.com                                       TEL. 82-31-776-4283    FAX. 82-31-776-4250
                   #1307, Tech-Center, SK Technopark 190-1 Sangdaewon-Dong, Jungwon-Gu, Seongnam-Si, Gyeonggi-Do 462-721
                     Galaxia Communications Co., Ltd. www.galaxiacommunications.co.kr                       TEL. 82-1566-0123      FAX. 82-2-6005-1111
                   Parkland Bldg. 6F. 237-11 Nonhyeon 2-Dong, Gangnam-Gu, Seoul 135-831


       Training    Anyang HRD Center
                   183 Hogye-Dong, Dongan-Gu, Anyang-Si, Gyeonggi-Do 431-080
                                                                                                           TEL.82-31-428-1251~64   FAX.82-31-452-8176

       Institute   Changnyeong HRD Center
                   301 Yongsuk-Ri, Changnyeong-Eup, Changnyeong-Gun, Gyeongsangnam-Do 635-808
                                                                                                           TEL.82-55-533-7890      FAX.82-55-533-7699


                   Hyosung R&DB Labs                                                                       TEL.82-31-428-1000      FAX.82-31-454-0089
   Research &      183 Hogye-Dong, Dongan-Gu, Anyang-Si, Gyeonggi-Do 431-080
                   Power & Industrial Systems R&D Center (Anyang)                                          TEL.82-31-428-1000      FAX.82-31-596-1699
  Development      183 Hogye-Dong, Dongan-Gu, Anyang-Si, Gyeonggi-Do 431-080
                   Power & Industrial Systems R&D Center (Changwon)                                        TEL.82-55-279-7470      FAX.82-55-279-7499
                   454-2 Nae-Dong, Changwon-Si, Gyeongsangnam-Do 641-712
                   Electronic R&D Center                                                                   TEL.82-31-428-1587      FAX.82-31-428-1594
                   183 Hogye-Dong, Dongan-Gu, Anyang-Si, Gyeonggi-Do 431-080
                   Environment R&D Center                                                                  TEL.82-31-428-1000
                   183 Hogye-Dong, Dongan-Gu, Anyang-Si, Gyeonggi-Do 431-080
102




  Business Directory                      _ Overseas


        Asia
               BANGKOK _ Hyosung Corporation Bangkok Office                                               TEL.66-2-653-2031      FAX.66-2-653-2030
               Room No. 1404, 14th Floor One Pacific Place 142 Sukhumvit Road, Bangkok 10110, Thailand

               BAODING _ Baoding Hyosung Tianwei Transformer Co., Ltd.                                    TEL.86-312-332-8310    FAX.86-312-332-8307
               No.3888 Chaoyang Northroad, Baoding City, Hebei province, China

               BEIJING _ Hyosung Container Co., Ltd.                                                      TEL.86-10-6788-5551    FAX.86-10-6788-2371
               #26 Yong Chang North St. BDA, Beijing 100176 P.R. China

               BEIJING _ Beijing Hyosung Computer Technology Co., Ltd.                                    TEL.86-10-6439-2551    FAX.86-10-6439-2596
               No.202 Lize Zhongyuan, Wangjing, Chaoyang District, Beijing 100102, China

               BEIJING _ Hyosung Corporation Beijing Office                                                TEL.86-10-6512-9692   FAX.86-10-6512-0031
               Room No. 501 5/F., Scitech Tower #22 Jian Guo Men Wai Street, Beijing, China (Post Code 100004)

               CHONGQING _ Hyosung Corporation Chongqing Office                                            TEL.86-23-8687-1568   FAX.86-23-8682-2079
               Room 1010, International Commercial Chamber Bldg., No. 78, Yangheyicun, Jiangbei District, Chongqing, China

               DUBAI _ Hyosung Corporation Dubai Office                                                   TEL.971-4-221-8483     FAX.971-4-227-5183
               P.O.Box 15287, office 804 Green Tower Al Regga Street Deira, Dubai-UAE

               GUANGDONG _ Hyosung Spandex (Guangdong) Co., Ltd.                                          TEL.86-756-772-6100    FAX.86-756-772-5008
               Industrial Park, Pingsha, Zhuhai, Guangdong, China

               GUANGZHOU _ Hyosung Corporation Guangzhou Office                                        TEL.86-20-8778-7988       FAX.86-20-8778-7898
               Unit 818, South Tower, World Trade Center Complex, 371-375 Huanshidong Lu, Guangzhou, China

               HOCHIMINH _ Hyosung Vietnam Co., Ltd.                                                      TEL.84-613-569-445     FAX.84-613-569-230
               N2 St, Nhon Trach 5 Industrial Zone, Dong Nai Province, Vietnam

               HOCHIMINH _ Hyosung Corporation Hochiminh Office                                           TEL.84-8-3823-1970     FAX.84-8-3823-1971
               65 Nguyen Du Street. 4th Floor 4B1 District 1, Hochiminh City, Vietnam

               HONG KONG _ Hyosung International (HK) Ltd.                                                TEL.852-2845-6778      FAX.852-2845-5752
               Unit 1918, 19/F., Miramar Tower, 132 Nathan Road, Tsimshatsui, Kowloon, Hong Kong

               JAKARTA _ Hyosung Corporation Jakarta Office                                                 TEL.62-21-526-6475   FAX.62-21-526-6473
               Citi Bank Tower 24/F., Plaza Bapindo Jl, Jendral Sudirman Kav, 54-55 Jakarta 12920, Indonesia

               JIANGSU _ Zhangjiagang Xiao-sha coil Service Co., Ltd.                                     TEL.86-512-5856-5180   FAX.86-512-5855-3404
               North of Yangjiang Rd. Jinfeng Town Zhangjiagang, Jiangsu Province, China

               JIAXING _ Hyosung Chemical Fiber (Jiaxing) Co., Ltd.                                       TEL.86-573-8222-8307   FAX.86-573-8222-8340
               No.1888, Dongfangbeilu, Jiaxing Economic Development Zone, Jiaxing, Zhejiang, China

               JIAXING _ Hyosung Chemicals (Jiaxing) Co., Ltd.                                            TEL.86-573-8558-7213
               399, Zhongshan West Road, Jiaxing, Gangqu, Zhejiang, China

               JIAXING _ Hyosung Spandex (Jiaxing) Co., Ltd.                                              TEL.86-573-8222-6500   FAX.86-573-8222-6509
               Beihialu Jiaxing Economic Development Zone, Jiaxing, Zhejiang, China

               JIAXING _ Hyosung International Trade (Jiaxing) Co., Ltd.                                  TEL.86-573-8222-8307   FAX.86-573-8222-8490
               Beihialu Jiaxing Economic Development Zone, Jiaxing, Zhejiang, China

               KAOHSIUNG _ Hyosung Corporation Kaohsiung Office                                           TEL.886-7-226-2021     FAX.886-7-226-8530
               7F-6, No. 251, Min Chuan 1st Road, Kaohsiung, Republic of China

               KUALA LUMPUR _ Hyosung Corporation Kuala Lumpur Office                                       TEL.60-3-2031-2416   FAX.60-3-2031-2417
               Suite 24-04, Level 24 Wisma Goldhill, No. 67, Jalan Raja Chulan, 50200 Kuala lumpur, Malaysia

               MANILA _ Hyosung Corporation Manila Office                                                 TEL.632-848-6204       FAX.632-848-6208
               12F Unit 1203, Ayala Tower 1, Ayala Triangle, Ayala Avenue, Makati City, Philippines

               MYANMAR _ Myanmar Hyosung Co., Ltd.                                                        TEL.95-1-650933        FAX.95-1-650942
               Room No. 9(A), First Floor, Micasa Hotel, 17 Kaba Aye Pagoda, Yankin Township, Yangon, Myanmar

               NANJING _ Hyosung Steelcord (Nanjing) Co., Ltd.                                            TEL.86-25-6698-9700    FAX.86-25-6698-9799
               19, Heng Fa Road, Xin Gang Kai fa-Qu, Nanjing, Jiangsu Province, China

               NANTONG _ Nantong Hyosung Transformer Co., Ltd.                                            TEL.86-513-8890-5598   FAX.86-513-8881-6379
               No. 88, Xiaoxing Avenue, Haian Development Zone, Jiangsu Pro. P.R.China (226611)

               NEW DELHI _ Hyosung Corporation New Delhi Office                                           TEL.91-11-4166-2255    FAX.91-11-4609-4912
               D-4 Commercial Complex Paschimi Marg 2nd Floor, Vasant Vihar, New Delhi, India

               OSAKA _ Hyosung Japan Osaka Branch                                                         TEL.81-6-6264-0778     FAX.81-6-6261-0884
               Kokusai Bldg., 13F., 3-13, 2-Chome, Azuchi-Machi, Chuo-Ku, Osaka, Japan

               QINGDAO _ Hyosung Steelcord (Qingdao) Co., Ltd.                                            TEL.86-532-8683-9000   FAX.86-532-8683-9011
               No. 15, Huanghe West Road, Qingdao Economic and Development Zone, Shandong, China
                                                                                                                                                              103
                                                                                                                                                  About Hyosung
                                                                                                                                                 Business Directory




   Asia
           SHANGHAI _ Hyosung Corporation Shanghai Office                                              TEL.86-21-6209-0123        FAX.86-21-6209-3008
           Room No. 1115, Shanghai International Trading Center No. 2200 Yan An Xi Road, Shanghai, China

           SINGAPORE _ Hyosung Singapore Pte, Ltd.                                                       TEL.656-337-2079         FAX.656-339-4504
           250, North Bridge Road#16-03, Raffles City Tower, Singapore 179101

           TAIPEI _ Hyosung Corporation Taipei Office                                                       TEL.886-2-2758-4636   FAX.886-2-2729-6410
           1714, 17F, International Trade Building, No. 333, Sec1, Keelung Road, Taipei 110, Taiwan, R.O.C.

           TOKYO _ Hyosung Japan                                                                         TEL.81-3-3432-1005       FAX.81-3-3459-9300
           Svax TT Bldg 6F, 11-15, 3-Chome, Toranomon Minato-ku, Tokyo, Japan

           WUHU _ Hyosung Corporation Wuhu Office                                                 TEL.86-553-5963705       FAX.86-553-5963116
           Room 302, Xin-Yuan Building, No.37 North Yinhu Road, Economic & Technological Development Area, Wuhu, Anhui, China

           ZHUHAI _ Hyosung Spandex (Zhuhai) Co., Ltd.                                                   TEL.86-756-778-5800      FAX.86-756-778-5894
           Haicheng Industrial Area, Air Port Road, Sanzao, Jinwan, Zhuhai, Guangdong, P.R.China




  North
           Dallas _ Nautilus Hyosung America, Inc.                                                       TEL.1-972-350-7600       FAX.1-972-956-9096
           1025 South Belt Line Road, Building One, Suite 400, Coppell, Texas 75019, U.S.A.


America    DECATUR (ALABAMA) _ Hyosung USA, Inc.
           Decatur Plant 500 19th Avenue SE Decatur, Alabama 35602 U.S.A.
                                                                                                         TEL.1-256-340-2278       FAX.1-256-340-2250


           LOS ANGELES _ Hyosung (America) Inc. L.A. Branch                                              TEL.1-714-989-8900       FAX.1-714-989-8901
           910 Columbia Street, Brea, CA 92821, U.S.A.

           NEW YORK _ Hyosung (America) Inc.                                                             TEL.1-212-736-7100       FAX.1-212-563-1323
           One Penn Plaza Suite 5320, 250 West 34th Street, New York, 10119, U.S.A.

           UTICA (NEW YORK) _ Hyosung USA, Inc.                                                          TEL.1-315-733-4629       FAX.1-315-733-3524
           Utica Plant 2214 Whitesboro Street, Utica, New York 13502 U.S.A.

           PITTSBURGH _ HICO America Inc.                                                                TEL.1-412-787-1170       FAX.1-412-787-2270
           One Penn Center West, Suite 212 Pittsburgh, PA 15276, U.S.A.

           ROCKHILL _ Hyosung (America) Inc. Rockhill Office                                             TEL.1-803-909-5855       FAX.1-803-909-5871
           1679 Over View Dr. Rock Hill, SC 29730, U.S.A.

           SCOTTSVILLE _ Hyosung USA, Inc.                                                               TEL.1-434-286-1813       FAX.1-434-286-1801
           800 Bird Street Scottsville, VA 24591, U.S.A.




 Central   AMERICANA (BRAZIL) _ Hyosung Brazil Ltda.                                                     TEL.55-19-3469-2633
           Avenida Nicolau Joao Abdalla, 2320, Lote1, Quadra Gleba, Bairro Vila Bertini, CEP 13.473-625 Americana-SP Brazil
                                                                                                                                  FAX.55-19-3469-2633



& South    MEXICO _ Hyosung Corporation Oficina de Mexico                                                TEL.52-55-5250-2790
           Paseo de Tamarindos 90, Torre 1, Piso10, Col. Bosques de las Lomas, C.P. 05120, Mexico D.F., Mexico
                                                                                                                                  FAX.52-55-5540-2078


America    PANAMA _ Hyosung Corporation Panama Office                                                     TEL.507-214-8968          FAX.507-214-8971
           International Business Center Piso 8, AVE. Manuel Espinosa Bantista Bella Vista, Apdo. 0819-06390, Panama City, Republic of Panama

           SAOPAULO _ Hyosung Do Brazil                                                                  TEL.55-11-3284-6436      FAX.55-11-3285-1957
           Av. Eng.Luis Carlos Berrini, 1297 Conj 142, Brooklin, Edificio Sudameris, Sao Paulo, Brazil




Europe
           BARCELONA _ Hyosung Corporation Barcelona Office                                              TEL.34-93-430-7735       FAX.34-93-410-1737
           Calle Valencia 243-245, 6-3 08007(Barcelona), Spain

           FRANKFURT _ Hyosung Corporation Frankfurt Office                                              TEL.49-6102-74120        FAX.49-6102-7412-90
           Martin-Behaim Str.12, 63263 Neu-Isenburg, Germany

           ISTANBUL _ Hyosung Istanbul Tekstil Ltd Sti                                                   TEL.90-282-758-3603      FAX.90-282-758-3300
           C.O.S.B. Faith Bulvari 13, Sok, No:3 Cerkezkoy, Tekirdag, Turkey

           ISTANBUL _ Hyosung Corporation Istanbul Office                                                TEL.90-212-284-1601      FAX.90-212-284-1609
           Harman Caddesi, Ali Kaya Sk. Polat Plaza B Block, Kat 3, No. 76, Levent, Istanbul, Turkey

           LUXEMBOURG _ Hyosung Luxembourg S.A.                                                          TEL.352-26817-603        FAX.352-26817-701
           6, Rue de L’Industrie L-7737 Colmar-Berg Luxembourg

           MILANO _ Hyosung Europe S.R.L.                                                                TEL.39-02-9886-251       FAX.39-02-9828-2481
           Via del Tecchione 34, 20098 San Giuliano Milanese (MI), ltaly

           MOSCOW _ Hyosung Corporation Moscow Office                                                    TEL.7-495-956-5172       FAX.7-495-956-5072
           Park Place E 323. 113/1. Leninsky Prospect 117198, Moscow, Russia.
                                            www.hyosung.com
450, Gongdeok-dong, Mapo-gu, Seoul, Korea
TEL. +82-2-707-7000 FAX. +82-2-707-7799

								
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