Hyosung Corporation
KKRX:004800116,800.00
KRW
-3,800.00
(-3.15%)
ISIN
KR7004800009
Return %
Stock
S&P 500
1Y
8.35
14.39
3Y
68.49
81.42
5Y
-9.87
68.62
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
KRW
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in mil. unless spec.Quarterly Revenue
KRW
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
KRW
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in mil. unless spec.Company Description
- CEO
- Hyun-Joon Cho
- Full Time Employees
- 515
- Sector
- Finance
- Industry
- Financial conglomerates
- Address
- 119 Mapo-daero Seoul SL South Korea 04144
- IPO Date
- Jun 30, 1973
- Website
- hyosung.com
- Similar Companies
- Business
- Hyosung Corporation is a diversified South Korean conglomerate primarily engaged in the manufacture and sale of industrial materials and heavy machinery. Its core products and services include synthetic fibers and textiles such as nylon, polyester, spandex, and functional yarns (including cotton-replicating, cool touch, odor-resistant, heat-generating, and far-infrared yarns); industrial machinery encompassing transformers, gas-insulated switchgears, circuit breakers, and power equipment; chemical products; advanced industrial materials; information technology solutions; and financial services. The company also produces automotive and construction materials and operates in energy and trading sectors. Hyosung serves a global market through a network of over 70 international operation centers, with headquarters in Seoul, South Korea, and was founded in 1967. Recently, Hyosung has focused on expanding its power equipment manufacturing, notably through Hyosung HICO Ltd., its U.S.-based transformer production unit. The company is investing hundreds of millions of U.S. dollars to nearly double its transformer output capacity at its Memphis, Tennessee plant from 130 to over 250 units by 2027, aimed at capturing over 10% of the U.S. transformer market amid rising demand driven by aging power grids and AI data center expansion. Hyosung expects to leverage this expansion to become the largest U.S. transformer manufacturer. Alongside transformer production, it is diversifying into industrial circuit breakers and other power equipment to enhance profitability. In the textile domain, Hyosung continues to innovate with specialty and high-technology yarn products tailored for diverse applications including sportswear and intimate wear. Hyosung's operations cover machinery manufacturing, electrical equipment, chemical, textiles, energy, finance, and IT sectors with a strong focus on advanced industrial materials and technology development. Its business segments straddle synthetic fibers (including spandex), industrial machinery (transformers, switchgear, power systems), and chemical materials. The company targets diverse clients including power utilities, textile manufacturers, and industrial customers across Asia, the Americas, and globally. The company's strategic direction is marked by heavy industry expansion, technological innovation in fibers and specialty materials, and augmentation of its global manufacturing footprint to meet growing infrastructure and technology demands. This comprehensive product portfolio and recent strategic investments position Hyosung Corporation as a prominent global player in industrial materials, heavy industry, and power equipment manufacturing, with significant market share growth expected in the United States and continued innovation in textile fibers and industrial technology.