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The Hyosung Group donated KRW 300 million to the Korean Red Cross as relief fund for flood victims amid the long spell of rain and heavy downpour, which have caused damage to many households and cost many lives this summer.
The fund has been paid by Hyosung Corporation as the holding company of the group, Hyosung TNC, Hyosung Heavy Industries, Hyosung Advanced Materials, and Hyosung Chemical.
“We fully sympathize with the flood victims. We sincerely hope that this donation we made will help them get back on their feet,” Hyosung Chairman CHO Hyun-Joon said.