Hyosung makes major year-end donation
Five subsidiaries of Seoul-based corporation Hyosung, one of which being fibre manufacturer Hyosung TNC, have together pledged around $780,000 or 1 billion South Korean won to national social welfare charity Community Chest of Korea.
Founded in 1998, the non-profit is the country’s only government-sanctioned charitable organisation. The funds from Hyosung will primarily benefit women’s employment initiatives, veterans and various emergency support mechanisms already in place for locals, the company said.
Chairman of the group, Cho Hyun-Joon, commented that he hoped the year-end donation would help support vulnerable individuals who may be experiencing their most difficult winter yet.
Hyosung TNC announced Simon Whitmarsh-Knight had rejoined the company as global marketing director for textiles earlier this month.
