Various stories of activities brought to you by Hyosung Heavy Industries
Following the chairman Cho Hyun-joon′s decision to develop the Honam region into the business group′s outpost for future business, Hyosung has started to construct a large-scale advanced materials production plant in Jeollabuk-do and pledged to build core infrastructure for the green energy industry in Jeollanam-do. □ Chairman Cho Hyun-joon: ″We will create a green energy mecca by mobilizing all our business capabilities.″On January 24th, Chairman Cho signed an MOU with Jeollanam-do to ′foster the green hydrogen industry′ in the province.Under the agreement, Chairman Cho will take the lead in creating jobs for about 300,000 people and producing 200,000 tons of green hydrogen through offshore wind power generation in and around Sinan-gun in collaboration with Jeollanam-do. The signing ceremony was attended by Hyosung Chairman Cho Hyun-joon and Vice Chairman Lee Sang-woon and Jeollanam-do Governor Kim Yung-rok and Kim Shin-nam, director of the Bureau of Economy and Energy of the province. Chairman Cho said, "We will mobilize all of our group′s technology and expertise that we have accumulated over the years in the fields of hydrogen business, heavy electric equipment, and new and renewable energy in order to help create an offshore wind power generation complex in Jeollanam-do successfully. We will contribute to making Jeonnam a mecca for the green energy industry in Korea.″Governor Kim Yung-rok said, ″I highly appreciate Hyosung′s strong commitment to the hydrogen industry,″ noting, ″We will work together to realize the vision of Jeollanam-do to become a green hydrogen mecca based on its large-scale offshore wind power generation while empowering Hyosung to become a global top-tier company in the hydrogen life cycle at the same time.″ □ ″To produce 200,000 tons of green hydrogen using renewable energy such as wind power″Hyosung is planning to invest a total of KRW 1 trillion in the production of green hydrogen using renewable energy in the mid- to long-term based on a water electrolysis method that produces clean green hydrogen by electrolyzing water with electricity generated from wind power off the coast of Jeollanam-do.To this end, Hyosung will kick off a project to build a 10MW-class water electrolysis facility, the largest in Korea, in 2022. The company is planning to expand its production of green hydrogen to a maximum of 200,000 tons per year.Hyosung is aiming to supply its green hydrogen to major industrial complexes in the Seoul Metropolitan Area, Ulsan, Changwon, and Busan, with some of the clean energy exported to a few foreign countries including Japan.To facilitate the storage and utilization of green hydrogen, Hyosung has decided to build two liquid hydrogen plants with an annual capacity of 10,000 tons and install liquid hydrogen charging stations in nine major areas across Jeollanam-do. The company is also planning to promote the complete vertical integration of the green hydrogen industry by conducting the shipping of liquid hydrogen on its own. In addition, Hyosung is preparing to promote the production and utilization of blue hydrogen by applying the CCUS (Carbon Capture Utilization and Storage) technology to by-product hydrogen generated from industrial complexes in Jeollanam-do.It is estimated that Hyosung will be able to create about 110,000 jobs by 2031 from its full-force production of green hydrogen in Jeollanam-do, serving as a catalyst for economic revitalization in the entire Honam region which includes Jeollabuk-do. □ Jeollanam-do to build wind power generation facilities equivalent to 25 nuclear power plantsHyosung has decided to actively participate in renewable energy projects such as wind power to generate electricity for green hydrogen production facilities.With President Moon Jae-in in attendance, Jeollanam-do announced last February that it would build the world′s largest 8.2GW offshore wind farm in Sinan by 2030 in addition to a 5GW offshore wind power generation complex that will be built in eastern Jeollanam-do centered on Yeosu, making the province a leader in the country′s transition to decarbonization and green energy.For the creation of offshore wind power complexes in Sinan and Yeosu, .Jeollanam-do is promoting the construction of wind power assembly plants, docks and ports as well as transmission and distribution infrastructure, expecting to create about 200,000 jobs by 2030 in the process alone. The total scale of offshore wind farms in Jeollanam-do is 25GW, with the wind farms to be built along a 300-kilometer coastline from Yeonggwang to Yeosu via Sinan being equivalent to 25 nuclear power plants in terms of power generation capacity.Jeollanam-do plans to build separate industrial complexes devoted to the nurturing of upstream and downstream offshore wind power industries in the Mokpo Daeyang Industrial Complex, Yeongam Daebul Industrial Complex, and Sinan Aphae Industrial Complex. The province is also planning to develop a hinterland complex over the land of about 520,000m2 in Mokpo New Port which will serve as a hydrogen industrial cluster that can meet all the needs of its offshore wind power generation. □ Hyosung to build an offshore wind power assembly plantIn line with Jeollanam-do′s offshore wind power generation plan, Hyosung will kick off the construction of an offshore wind power assembly plant in Jeollanam-do by 2023. Hyosung Heavy Industries is getting ready to establish a joint venture with the third largest company in the global offshore wind turbine market in 2022 while promoting to acquire KS certification for its 10MW class offshore wind turbine to be produced in Korea.It also actively participates in various power grid construction projects required for offshore wind power generation. For the power grid construction project worth around KRW 19 trillion won, Hyosung expects to supply HVDC (high-voltage direct current) systems tailored to increase the transmission efficiency of new and renewable energy as well as various transmission and distribution power equipment such as ultra-high voltage transformers and circuit breakers Hyosung also anticipates that it will be in a position to supply a large volume of STATCOM (Static Synchronous Compensator) and ESS (Energy Storage System) required to supply and store electricity generated by offshore wind farms and solar farms in a stable manner. □ To invest KRW 1 trillion in Jeollabuk-do to build a production base for advanced materials such as carbon fibersIn 2019, Chairman Cho announced a plan to invest a total of KRW 1 trillion to build the world′s largest carbon fiber plant with an annual capacity of 24,000 tons in Jeonju, Jeollabuk-do by 2028. Hyosung succeeded in developing carbon fibers with its own technology for the first time in Korea and has produced carbon fibers in Jeonju since 2013. Through the production facility expansion of the plant made twice, Hyosung will be equipped with the annual carbon fiber production capacity of 6,500 tons by July this year. As carbon fiber is ten times stronger than iron but weighs only a quarter, it is called the rice of the future industry. Recently, it is used as an essential material for hydrogen fuel tanks, drawing attention as a high-tech material that will accelerate the transition to a hydrogen economy.
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□ Recruitment and training of 150-plus new employees fresh from college in the first half of the yearHyosung Chairman CHO Hyun-joon is taking a positive step for training young talented employees including recruitment of new employees for the first half of the year.Hyosung said on June 30 that it plans to hire about 150 college graduates as new employees through open competition for the first half of the year.The Company has completed the procedure for the recruitment of 150 talented young employees through document-based screening and interviews for those who will work in the fields of sales, production, research, and management support through the work carried out from last April.Hyosung recruits those fresh from college twice a year under Chairman CHO Hyun-joon’s management philosophy that training young talented people is intended to strengthen the basis of the long-lasting future of the Company.The newly hired employees start their work as Hyosung employees with the two-week long training course carried out at the Hyosung Human Resources Development Institute in Anyang from July 3.On-the-job training course will follow in due course for them to grow as experts in their respective field. “It is the first thing we should do to train talented young people who can cultivate future markets to be able to cope with the rapidly changing business environments such as digital conversions. We should provide positive support for them to fulfill their dreams to their hearts’ content so that they may grow together with the Company,” Hyosung Chairman CHO Hyun-joon said.□ Summer camp held for 1st year – 4th year employees this month A summer camp was held twice this month in Haeundae, Busan for 1st year – 4th year professionals of Hyosung Heavy Industries.The session was aimed at raising the morale of young employees and inspire their love of the Company. Such face-to-face session could not be held for some time due to COVID-19. The participants also engaged in a variety of extra activities such as summer festival, surfing, etc.According to them, the session provided them with an opportunity to look back on their career at Hyosung and build friendships with other colleagues.
Hyosung provided a sum of 20 million won to be used for facility improvement to Eden Welfare Foundation, a social enterprise located in Paju, Gyeonggi-do, that works to create jobs for the severely disabled, on June 29. The support fund provided by Hyosung will be used for the replacement of dilapidated facilities at the foundation’s vocational rehabilitation, etc. The replacement is expected to encourage the workers there to work more efficiently and minimize safety incidents. Hyosung also plans to donate 1,500 used computer devices for the Combridge (Computer+Bridge) Project run by said foundation. The disabled are hired for the work of disassembling parts of scrapped computer devices (computer, laptop, printer, scanner, etc.) for recycling. Hyosung has provided support fund to Eden Welfare Foundation and donated more than 10,000 second-hand computer devices for ten years since 2014. Commenting on the matter, Hyosung Chairman CHO Hyun-joon stressed the “need to engage in activities for sharing what we have with the less privileged.” Hyosung strives to engage in a variety of social contribution activities for the disabled under the social contribution-related slogan “We will be with you through sharing.” Some examples of what the Company does in said field include working with the Purme Foundation to help the disabled children receive rehabilitation treatment, invitation of families of the disabled to trips accompanied by the families of Hyosung employees, and arrangement for the disabled to receive free dental care.
Hyosung paid a visit to the Jongno Women Resources Development Center in Jongno, Seoul on June 26 and donated 70 million won to be spent for a program intended to help women with career experience land jobs. Said center will operate a course for training 40-plus women over the age of 45 in jobs related to healthcare and accounting with the support fund provided by Hyosung. The course will provide education to the trainees to help them obtain the relevant qualification to work in said fields. Even after the course, the center will provide them with support like job consulting, job-related information, etc. Hyosung has provided such support for women with career experience since 2013 to help them find jobs as professionals such as school meal cooks, daycare teachers, working-level employees at social welfare institutions, etc. A total of 400-plus women has attended such programs provided through Hyosung’s support, and 354 of them succeeded in finding jobs in diverse fields.“We at Hyosung should always strive to grow with people in our neighborhood and the local community, guided by the saying ‘If you want to go fast, go alone. If you want to go far, go together’,” Hyosung Chairman CHO Hyun-joon said.Hyosung strives to provide support to those who need it in such a way that they are encouraged to cultivate their future themselves under the social contribution-related vision of “We will be with you through sharing.”
Hyosung invited 30 Korean War heroes to the “Stand up for Heroes!” event held on June 25 at the Gocheok Sky Dome, Seoul. The event was co-hosted by the Ministry of Patriots and Veterans Affairs Southern Seoul Regional Office (MPVA) and Kiwoom Heroes and sponsored by Hyosung. Hyosung paid the expenses for vehicles, meal, souvenir, etc. for the 30 war veterans invited to a game between Kiwoom Heroes and Doosan Bears. The event was arranged to remember the dedication of the war veterans on the occasion of the 70th anniversary of the signing of the Armistice Agreement. The name of the event, “Stand up for Heroes,” was fixed in association with Kiwoom Heroes to show the support and appreciation for the Korean War heroes. People who came to see the game had an opportunity to enjoy programs held for the event including roulette event related to the truce of the Korean War, quiz game, ceremonial pitches done by war veterans, march of the standard bearers of the 22 countries that came to ROK’s aid during the war, and performance by the band of the Capital Defense Command. “We should feel grateful and pay our respects to war veterans who devoted themselves to the homeland and strive to pass such feeling to upcoming generations,” Hyosung Chairman CHO Hyun-joon said. Hyosung engages in a variety of social contribution activities for those who rendered distinguished services for the country, setting protection of the homeland and paying of respects to war veterans as some of the important social contribution-related themes. Such activities include the following: invitation of war veterans to a trip to Imjingak and Odusan Unification Observatory (in May) and provision of daily necessities like meat soup and gomtang (meat bone soup) for war veterans staying at home under the care of the MPVA on the occasion of memorial month in June.
On June 7, Hyosung’s representatives paid a visit to the Gwanggaeto Corps of the ROK 1st Army Corps and delivered 44 million won to be spent for the troops’ welfare.They also presented some consolation money to be spent on raising the troops’ morale. They expressed their wish that the welfare support fund be spent on building physical exercise facilities for the troops. Hyosung has maintained brotherhood ties with said corps, which has been defending the north side of the Greater Seoul Area and the western front since 2010. Those from the Hyosung Group have paid a visit to the military unit each year and provided financial support for the provision of facilities for book reading, physical exercise, laundry, etc. “We should never forget those devoted to the protection of people’s safety. I hope that fund provided by us will help raise the morale of our troops on the front line,” Hyosung Chairman CHO Hyun-joon said. Hyosung provides programs for provision of support for veterans under the slogan “We will be with you through sharing.”Last month, for instance, Hyosung employees carried out a voluntary activity for cleaning the Seoul National Cemetery on the occasion of Memorial Month, and the Company provided financial support for improving the residential environment of family members of veterans who rendered distinguished service. The Company also invited veterans and their families to a trip to Paju on the occasion of the 70th anniversary of the signing of the Armistice Agreement. This month, the Company plans to deliver ‘daily necessities of love’ to those who rendered distinguished service registered with the Ministry of Patriots and Veterans Affairs Southern Seoul Regional Office (MPVA). In 2021, the Company was given an award by the MPVA for its effort for those who rendered distinguished service including provision of PiBo (robotic companions for the elderly) and AI-powered aid robots.
On May 31, Hyosung employees and war veterans who have rendered distinguished services and their families took a trip to Korean War sites in Paju, Gyeonggi-do as arranged by Hyosung and Ministry of Patriots and Veterans Affairs Southern Seoul Regional Office.The event was arranged to express gratitude to war veterans for their sacrifice for and contribution to the country on the occasion of the 70th anniversary of the signing of the Armistice Agreement. A total of 12 war veterans and 33 members of their families started the trip at the Seoul National Cemetery, took a gondola lift at Imjingak in Paju, and paid a visit to the Odusan Unification Observatory. “I was confined to my home for a long time due to COVID-19 and my poor health. I think the trip will remain long in my memory as I got to spend time with other war veterans in meaningful places,” a veteran said.Hyosung Chairman CHO Hyun-joon said, “We should feel grateful and pay respects to war veterans who devoted themselves to the homeland and strive to pass such feeling to upcoming generations.” Hyosung provides financial support for the provision of homes to war veterans and engages in social contribution activities for the protection of the homeland and paying of respects to war veterans including the cleaning of the Seoul National Cemetery carried out by its employees on May 24.
