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Native name | 효성그룹 |
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Company type | Public company |
KRX: 004800 (listed on 30 June 1973) | |
ISIN | KR7004800009 |
Industry | Conglomerate (Chemical, Construction, Heavy industries, Information & communication, Textiles, Trading) |
Founded | November 3, 1966 |
Founder | Cho Hong-jai (趙洪濟) |
Headquarters | 119, Mapo-daero, Mapo-gu, Seoul, South Korea |
Area served | Worldwide |
Key people |
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Services | Non-financial holding company |
Revenue | ₩3.4367 trillion (2023) |
₩138.7 billion (2020) | |
Total assets | ₩5.0889 trillion (2023) |
Total equity | ₩105,355,125,000 (2020) |
Owner |
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Number of employees |
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Subsidiaries |
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Website | Official website |
Hyosung | |
Hangul | 효성 |
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Hanja | 曉星 |
RR | Hyoseong |
MR | Hyosŏng |
Hyosung Group is a major South Korean conglomerate established in 1966. The company operates across diverse sectors including textiles,heavy industries,chemicals,and information &communication. [1]
Hyosung Group transitioned to a holding company structure on 1 June 2018,with Hyosung Corporation as the holding company. Hyosung Corporation holds stakes in four major affiliates:Hyosung TNC,Hyosung Heavy Industries,Hyosung Advanced Materials,and Hyosung Chemical. As of March 2024,the largest shareholder chairman Cho Hyun-joon and related parties hold a 56.1% stake. As of 1 July 2024,the group was restructured into two holding companies:the existing company Hyosung and the newly established Hyosung New Holdings. As of the end of 2023,Hyosung Group comprises 124 affiliates with 113 business sites across 28 countries,maintaining global production and sales networks. [37] [38]