Hyosung Advanced Materials Receives Minister of Trade, Industry and Energy Commendation at Korea Technology Innovation Awards

Vice Chairman Jo Hyun-sang: "Advancing the Future Through Technology Management"

Vice Chairman Cho Hyun-sang of Hyosung Group. Photo by Hyosung Group

[Asia Economy Reporter Choi Seoyoon] Hyosung Advanced Materials received the Minister of Trade, Industry and Energy Commendation at the ‘1st Korea Technology Innovation Awards’ ceremony held on the 14th, hosted by the Technology Management and Economics Society.

The Technology Management and Economics Society is the largest domestic academic society in the field of technology innovation policy and innovation management, with about 2,500 members from over 40 universities and government-funded research institutes such as the Science and Technology Policy Institute (STEPI), Korea Institute for Advancement of Technology (KIAT), and Korea Institute of Science and Technology Evaluation and Planning (KISTEP).

Hyosung Advanced Materials was recognized for its contribution to enhancing industrial and national competitiveness through leading research achievements in technology innovation, including producing the world’s number one market share tire cords, independently developing the world’s fourth-highest strength aramid fiber, and carbon fiber, known as the ‘rice of future industries.’

Vice Chairman Cho Hyun-sang of Hyosung Group, who received the commendation in person, said in the keynote speech at the forum, “Looking back on Hyosung’s past half-century, I think it has been a process of implementing technology management expressed as ‘innovation management.’ This was possible because of the leadership of Honorary Chairman Cho Seok-rae and Chairman Cho Hyun-joon, along with the passion and efforts of the Hyosung family who gave their best more than anyone else.”

Vice Chairman Cho emphasized, “Hyosung Technical Institute, the first private corporate research institute in Korea established under the leadership of Honorary Chairman Cho, who dreamed of becoming a professor as a chemical engineering student, became an innovation cradle that gave birth to ‘new ideas,’ filing about 6,000 patent applications. Honorary Chairman Cho’s insight and passion are Hyosung’s strongest foundation and philosophy.”

He continued, “Today’s status as the global number one (NO.1) tire cord manufacturer was born from innovative ‘technology management’ that incorporated ‘new ideas’ into existing organizations and cultures and improved and developed them. With the belief that we can bring the desired future closer, we will do our best to be a member of the industry worthy of the title as the first recipient of the ‘Korea Technology Innovation Awards.’”

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