Chairman Lee Young-kwan of Toray Advanced Materials Donates All Royalties from Memoir

Lee Young-kwan, Chairman of Toray Advanced Materials, donated approximately 10 million KRW in royalties from his memoir "Materials are Competitiveness" to the Gyeongbuk Community Chest of Korea.

According to Toray Advanced Materials on the 16th, this donation was made to reflect on Chairman Lee's ties with Gumi, Gyeongsangbuk-do, which has been the foundation of his corporate management, and to express gratitude to the local community that has supported and cooperated for the company's growth.

Lee Young-kwan, Chairman of Toray Advanced Materials

Chairman Lee joined Cheil Fibers, the predecessor of Toray Advanced Materials, in 1973, and was appointed CEO of Toray Advanced Materials in 1999, turning the company from a deficit to a profitable business. He has demonstrated outstanding management skills by working at the same company for over 50 years, including becoming chairman in 2013.

In particular, since the founding of Toray Advanced Materials, the company has expanded its business from film and fiber-centered products to high value-added advanced materials such as carbon fiber composites, PPS, water treatment filters, polyester films and IT materials, meta-aramid fibers, spunbond nonwovens, cotton, and yarn, contributing greatly not only to the company's growth but also to the development of Korea's materials industry.

Chairman Lee said, "Although it is a small token, I hope it brings hope and comfort to the society in need, and I will continue to fulfill social responsibility through sharing for the local community and realize the value of ESG management."

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