Hyunjoon Cho, Chairman of Hyosung, Receives 'Korea Manager Award' from Korea Management Association

"Sungdeok Mining and Jagangbulsik Spirit to
Build Agile Hyosung"
Global Super Gap with World's No.1 Product
Contribution to Securing Advanced New Materials
Second Generation Award Following Honorary Chairman Jo Seok-rae
"Will Strive to Become an Even Better Manager"

Cho Hyun-joon, Chairman of Hyosung Group, received the '52nd Korea CEO Award' presented by the Korea Management Association on the 27th at the Grand Hyatt Hotel in Seoul. From the left in the photo are Kim Ki-nam, Chairman of Samsung Electronics' Advanced Institute of Technology; Cho Hyun-joon, Chairman of Hyosung Group; Lee Bong-seo, Chairman of the Korea Management Association; Chung Ji-sun, Chairman of Hyundai Department Store Group; Han Hyun-ok, President of Clio; and Kim Chang-soo, Chairman of F&F, posing for a commemorative photo. Photo by Korea Management Association

[Asia Economy Reporter Donghoon Jung] Cho Hyun-joon, Chairman of Hyosung Group, received the '52nd Korea CEO Award' presented by the Korea Management Association at the Grand Hyatt Hotel in Seoul on the 27th. The Korea CEO Award is the most prestigious domestic award given to business leaders who have led the country's economic development in that year.

The Korea Management Association stated, "Chairman Cho was selected as the recipient for his achievements in expanding the overwhelming lead of global No.1 products such as spandex and tire cords, and securing a foundation for future growth through investments in new businesses."

At the award ceremony, Chairman Cho said, "I am very honored and deeply moved to receive this award as the second generation, following my most respected business leader, my father, Honorary Chairman Cho Seok-rae, who received the Korea CEO Award in 1994. I believe this is the result of the efforts of our executives and employees. I will do my best to become an even greater business leader."

In the discussion held after the ceremony, Chairman Cho explained that the secret to Hyosung's growth into a global company lies in its technology and quality-centered management DNA, such as establishing the country's first private technology research institute in 1971.

He added, "Eighty percent of our executives and employees are engineers, and it is Hyosung's culture to talk about technology and discuss it every day. We will continue to preserve and develop this culture and maintain an environment that supports it."

Chairman Cho said he keeps in mind the management philosophies of Sungdeok Gwang-eop (崇德廣業) and Jagang Bulsik (自强不息), which have been passed down since the founder, Chairman Cho Hong-je, aiming to prosper the business through virtue and to manage with an attitude of continuous self-development.

This content was produced with the assistance of AI translation services.