Hyosung
Corporate brand
UnclaimedSouth Korean conglomerate active in textiles, advanced materials, chemicals, heavy industry, construction, information technology, and financial automation.
Last updated August 26, 2026
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Overview
Hyosung is a South Korean industrial conglomerate whose businesses span textile fibers, trading, advanced materials, chemicals, electrical equipment, heavy machinery, construction, information technology, financial automation, and selected consumer and leisure services. The group began in 1966 as Tongyang Nylon Corporation and developed initially around synthetic fibers. Over time it used internal research, acquisitions, joint ventures, and diversification to build a broad industrial portfolio. The company's early development was closely associated with nylon, polyester, dyeing, engineering, and textile machinery. It expanded into electronic communications and computing during the 1970s and 1980s, while also acquiring or establishing businesses in heavy industry, engineering plastics, polypropylene, pumps, construction, and data systems. In the 1990s, its textile and industrial operations were consolidated and the group broadened its international presence, including manufacturing and commercial activity in Vietnam and China. Hyosung's portfolio is organized around several major operating companies. Hyosung TNC focuses on textiles, trading, and related businesses, with CREORA spandex and regen sustainable fibers among its best-known brands. Hyosung Advanced Materials supplies tire cord, airbag fabrics, carbon fiber, and other industrial reinforcement materials. Hyosung Heavy Industries manufactures transformers, switchgear, motors, generators, power-grid systems, energy-storage equipment, wind turbines, pumps, and hydrogen-related infrastructure. Hyosung Chemical produces polypropylene, purified terephthalic acid, films, specialty gases, membranes, and the engineering plastic branded POKETONE. Hyosung TNS develops and manufactures ATMs, cash-management systems, kiosks, and financial-technology services. The group also has construction and housing activities, including the Hyosung Harrington Place residential brand, and operates or invests in businesses involving logistics, leisure facilities, payments, media, and technology. Some Sevit, a floating architectural complex on Seoul's Han River, is one of its prominent public-facing developments. A major structural change occurred in 2018, when Hyosung Corporation became a holding company and four principal operating companies—Hyosung TNC, Hyosung Advanced Materials, Hyosung Heavy Industries, and Hyosung Chemical—were established as separately managed subsidiaries. In July 2024, the group announced a further reorganization involving the existing Hyosung holding company and newly established Hyosung New Holdings. The group continues to emphasize global production and sales networks, materials innovation, electrification, renewable energy, hydrogen, digital power systems, and lower-impact fibers. Its scale and business mix make it more accurately understood as a diversified industrial group than as a single-category consumer brand.
History
Hyosung was founded in 1966 as Tongyang Nylon Corporation. Its first phase centered on synthetic fibers, but the company quickly expanded through mergers, acquisitions, research centers, and new production facilities. It merged with Hanil Nylon in 1970, created an electronic communications research center in 1971, and added dye engineering, polyester, and related textile businesses in the early 1970s. By the end of that decade it had developed carpet yarn, established heavy-industry research capabilities, and acquired Yulsan Heavy Industries and Yulsan Aluminium. During the 1980s, Hyosung entered computing, information systems, engineering plastics, polypropylene, pumps, and industrial machinery. It built a computer plant in Gumi and established companies that later became Hyosung Information Systems and Hyosung TNS. The group also created Korea Engineering Plastics, expanded fiber operations, and entered a joint business involving pumps and industrial equipment. In the 1990s it strengthened information and communications, renamed key textile companies, established Hyosung VINA in Vietnam, and entered polyester-film production. A broad consolidation followed the 1997 Asian financial crisis. In 1998, Hyosung T&C, Hyosung Trading, Hyosung Living Industry, and Hyosung Heavy Industries were merged into Hyosung Corporation. The group then managed its activities through performance groups and business units while continuing to diversify. Product development included nylon 66 yarn for airbags, silver fibers, functional apparel yarns, recycled fibers, and new carpet materials. It also expanded into imported-car distribution, construction, photovoltaics, wind power, and industrial reinforcement materials. The 2000s and early 2010s brought a stronger international and technology focus. Hyosung acquired Global Safety Textiles, a major airbag-fabric producer, and won large steel-cord supply business. It commercialized carbon fiber under TANSOME, launched the Hyosung Harrington Place housing brand, commercialized polyketone through Hyosung Chemical, and developed membranes for water treatment. Its heavy-industry operations advanced wind turbines, tidal generation, transformers, HVDC, energy systems, and grid-stabilization technologies. In 2014, the company opened Some Sevit, a floating complex on Seoul's Han River. In 2017, Cho Hyun-joon became chairman. The following year, Hyosung implemented a holding-company structure, with four principal operating companies separated from the holding company: Hyosung TNC, Hyosung Advanced Materials, Hyosung Heavy Industries, and Hyosung Chemical. Subsequent priorities included sustainable fibers, recycled fishing-net nylon, bio-based spandex, hydrogen infrastructure, liquid-hydrogen production, advanced packaging films, and voltage-source HVDC. By the end of 2023, the wider group reported 124 affiliates and business sites in 28 countries. A further two-holding-company reorganization took effect in 2024, reflecting continuing portfolio separation and governance changes.
- 2024
Two-holding-company reorganization
[1]Hyosung establishes Hyosung New Holdings as part of a further group restructuring.
- 2022
Bio-based spandex commercialization
[1]Hyosung TNC commercializes bio-based spandex.
- 2018
Holding-company transformation
[1]Hyosung Corporation becomes a holding company and four major operating companies are separated.
- 2013
TANSOME and POKETONE introduced
[1]The group launches its carbon-fiber brand and commercializes polyketone engineering plastic.
- 2011
Global Safety Textiles acquisition
[1]Hyosung acquires Global Safety Textiles and expands its airbag-fabric operations.
- 2006
Wind-turbine development
[1]Hyosung develops Korea's first 750 kW and 2 MW wind turbines.
- 1998
Major corporate consolidation
[1]Four principal businesses merge to form Hyosung Corporation.
- 1980
Gumi computer plant opens
[1]Hyosung establishes a computer manufacturing facility in Gumi.
- 1979
Expansion into heavy industry
[1]The group acquires Yulsan Heavy Industries and Yulsan Aluminium.
- 1970
Merger with Hanil Nylon
[1]Tongyang Nylon merges with Hanil Nylon, strengthening its synthetic-fiber base.
Products and positioning
Diversified, technology-oriented industrial conglomerate with strong positions in synthetic fibers, power equipment, advanced materials, chemicals, and financial automation.
Textile fibers · 1992
CREORA
Hyosung's major fiber brand, originally associated with spandex and now covering a wider range of functional nylon, polyester, and stretch-fiber solutions. CREORA products are supplied to apparel and textile manufacturers for stretch, comfort, recovery, and performance applications.
Sustainable fibers · 2007
regen
A family of recycled and bio-based fibers made from inputs such as recycled PET and discarded fishing nets. The range is positioned for apparel and outdoor applications requiring lower-impact alternatives to conventional synthetic fibers.
Advanced materials · 2013
TANSOME
Hyosung's carbon-fiber brand. The material is intended for lightweight, high-strength applications including transportation, industrial equipment, energy systems, and pressure vessels.
Engineering plastics · 2013
POKETONE
Hyosung Chemical's commercial polyketone engineering plastic. It is used or proposed for applications including pipes, gears, automotive parts, packaging, water-related components, and electrical and electronic products.
Residential construction · 2013
Hyosung Harrington Place
Hyosung's residential development brand, delivered through its construction activities. Projects include apartment and mixed-use developments alongside broader civil, commercial, and infrastructure work.
Financial technology · 1979
Hyosung TNS financial automation systems
A portfolio of ATMs, cash dispensers, cash recyclers, payment kiosks, management software, maintenance, and financial network services. Hyosung TNS exports its equipment and services to markets including the United States, Russia, Indonesia, and other countries.
Marketing campaigns
- 2023regen Ocean Nylon
South Korea · Global apparel and outdoor markets
Hyosung TNC introduced recycled fishing-net nylon for outdoor apparel applications and reported its use in commercial products.
Outcome. Extended the regen platform into marine-waste recycling.
- 2019creora regen sustainable fiber
Global
Hyosung promoted recycled and lower-impact fiber products under the regen platform, including sustainable spandex and fibers made from recycled materials.
Outcome. Expanded the group's sustainability-oriented textile portfolio.
Brand decisions
2024
Create Hyosung New HoldingsStrategyBackground
The group continued reorganizing its businesses after the 2018 holding-company transformation.
Action taken
A second holding company, Hyosung New Holdings, was established alongside the existing Hyosung holding company.
Aftermath
The change further divided the group's portfolio into separate holding-company structures.
2021
Develop a liquid-hydrogen businessStrategyBackground
Hyosung identified hydrogen infrastructure as a growth area connected to its industrial, energy, and power-equipment capabilities.
Action taken
Hyosung Heavy Industries and Linde formed a joint venture and began construction of a liquid-hydrogen plant in Ulsan.
Aftermath
The project expanded Hyosung's activity in hydrogen production, storage, and fueling infrastructure.
2018
Move to a holding-company structureStrategyBackground
Hyosung sought to separate major business lines and clarify management of textiles, advanced materials, heavy industry, and chemicals.
Action taken
Hyosung Corporation became the holding company and four operating companies were established as principal subsidiaries.
Aftermath
The restructuring created more distinct business entities and formed the basis for later portfolio and governance changes.
Recent events
O’Neill introduces sustainable swimwear collection[3]
O’Neill introduced a women's swimwear line made with Hyosung's Mipan regen recycled nylon as part of its O’Neill Blue sustainable collection.
Reported
Hyosung announces regen recycled-fibre program[4]
Hyosung announced a new regen program of 100% recycled multi-performance fibres, including new creora regen recycled elastane and MIPAN regen robic recycled high-tenacity nylon, which it planned to introduce at ISPO Munich from 26 to 29 January 2020.
Sources6 sources
- 1Hyosungen.wikipedia.org
- 2Hyosung official corporate informationhyosung.com
- 3O’Neill 推出可持续泳装系列sgbonline.com
- 4Hyosung宣布regen再生纤维计划textileworld.com
- 5Hyosung Introduces 100% recycled multi-function fibresinnovationintextiles.com
- 6Hyosung Introduces Sustainable Solutions At Outdoor Retailer Onlinetextileworld.com
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