- CEO
- Nakyang Seong
- Full Time Employees
- 998
- Sector
- Process industries
- Industry
- Textiles
- Address
- 119, Mapo-Daero Seoul SL South Korea 04144
- IPO Date
- Jul 13, 2018
- Business
- HS Hyosung Advanced Materials Corp (298050.KS) manufactures and markets advanced materials focused on safety and comfort solutions for the automotive, industrial, and construction sectors. The company produces tire reinforcements including PET tire cord, nylon tire cord, steel cord, and bead wire; high-strength industrial yarns and fabrics for applications in civil engineering, agriculture, and military uses; automotive safety products such as seatbelt yarns, airbag fabrics (GST), and automotive carpets; carbon fiber materials under the TANSOME brand for aerospace, mobility, and energy applications; aramid yarns under the ALKEX brand; and interior products like carpets, flooring materials, and PU interiors using nylon BCF, polyester BCF, and polypropylene BCF yarns. HS Hyosung Advanced Materials operates production facilities in South Korea (including Jeonju, Ulsan, and Daejeon plants), China (Jiaxing and Qingdao), Vietnam (Dong Nai and Ba Ria-Vung Tau), Mexico (Torreon), the United States (Decatur), and Romania, serving global customers in automobile, transportation, architecture, and heavy industries. Founded in 2018 through a spin-off from the Hyosung Group and headquartered at 119 Mapo-daero, Mapo-gu, Seoul, South Korea, the company holds leading global market positions in PET tire cord and steel tire cord. In late 2025, HS Hyosung Advanced Materials formed a joint venture with Umicore, acquiring an 80% stake in Extra Mile Materials B.V. for approximately EUR 120 million to enter the silicon composite anode materials business for next-generation batteries; in September 2024, it rebranded from Hyosung Advanced Materials Corporation to its current name; and HS HYOSUNG Corporation increased its ownership stake to solidify group synergies.