Hyosung Chemical, TNC, Advanced Materials, and Heavy Industries Selected as Red Cross Honors Companies

"Following 2020 Holding Company Hyosung, All Major Affiliates Join"

Jungwon Lee, Executive Vice President of Hyosung Communication Office (third from right), Shin Heeyoung, President of the Korean Red Cross, and other officials pose for a commemorative photo on the 14th to celebrate the Hyosung Group affiliate joining the Red Cross Honors Company. (Photo by Hyosung)

[Asia Economy Reporter Moon Chaeseok] Four major affiliates of Hyosung Group?Hyosung TNC, Hyosung Advanced Materials, Hyosung Chemical, and Hyosung Heavy Industries?have all been listed as members of the Red Cross Honours Club, a high-donation club of the Red Cross.

On the 14th, Hyosung Group announced that it visited the Seoul office of the Korean Red Cross and joined the Honours Club, a high-donation corporate club of the Korean Red Cross. A group official stated, "Following the holding company Hyosung’s joining of the Honours Club 1 billion won club in February 2020, it is meaningful that four major affiliates of the group have all been selected as Honours Club members together."

Since 2005, Hyosung has supported the Red Cross’s initiatives such as sharing love side dishes, employee blood donation drives, and bazaar support. The group has also consistently donated for COVID-19 relief funds, 2020 flood damage recovery funds, and love blood donation bus contributions. Song Gwangja, wife of Honorary Chairman Cho Seokrae, joined the Red Cross Honours Club, a high-donation individual donor club, in 2016. Subsequently, her elder sister Song Gilja also joined, becoming the first sister members of the Honours Club.

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