02 Chairmans Message

04 Global Excellence Hyosung

14 Business Areas

42 Research & Development

50 Social Contribution

60 About Hyosung

Contents 2012

Global ExcEllEncEHyosunG

Chairman's Message

It is our goal to become an enterprise creating a happy living culture for the future.

We would like to take this opportunity to thank all our customers for their enormous interests in and support for Hyosung.

For over forty years since our establishment, we have been a part of the driving force propelling the growth of the Korean economy, writing a history of challenges and accomplishment in the fields of textile, industrial materials, chemicals, power & industrial systems, construction, trading, and information & communication. As a result, we have been ranked global No.1 in tire cords. We are also competing with world-renowned makers of spandex and heavy electrical equipment. Moreover, we are recognized in both the local and international markets for our high-quality nylon, polyester, carpet, motor, pump, PET bottle, and ATM products manufactured with our excellent technical competence.In addition, we have actively sought to expand our business globally. Today, we have over 70 production and sales centers in almost all continents including Asia, Americas, and Europe, enabling us to provide all our international customers with the best technology, value, and services. Strategic investment in independent technical development of renewable energy, electronic materials, and advanced materials are expected to create more value for our customers in the future. We at Hyosung are committed to serving our customers with the best-quality products and services as well as securing and maintaining customer loyalty and trust.

As an enterprise realizing the future dream, Hyosung genuinely aims to be your trusted partner that enhances your quality of life.

S.R. Cho,Chairman and CEO

GloBAl ExCEllEnCE HyoSunGCHAIRMAnS MESSAGE

0203

GLOBAL EXCELLENCE HYOSUNG We aim to create higher values for humankind.

We at Hyosung have a global network consisting of 39 manufacturing entities, 8 trading entities

(including 3 affiliated branches), and 19 trading offices, totaling to over 70 operation centers of all over

the world, including the US, China, and Europe; through which we are pursuing Value Management

through Global Excellence.

We produce our world No.1 products tire cords, spandex, seatbelt yarns, and airbag fabric as well as

transformers, ATM units and PET bottles through our global production sites in the Americas, Europe,

and Asia. We will serve the globe as a first-class business operator by continuous R&D investments for

new product development, active services targeted in enhancing customer satisfaction, and various

global marketing strategies.

0405

World Best _ Spandex

Enjoy a comfortable lifewith functional fibers.Athletes who constantly challenge their physical limits and records know what advanced scientific technology truly means. Behind the innovations in the field of sports and livingware spurred by the advancement of highly functional wear is the technology of Hyosungs functional fiber.

0607

Global N0.1 _ Tire cordS

Wherever the best tires go,youll find Hyosungs tire cords.Tire conditions spell victory or defeat for a racer. The tires performance is determined by tire cords. Hyosungs tire cords are necessities for the best-quality tires with the highest speed and best skills and performance.

0809

Global Leader _ po

wer

SyS

TemS

Hyosungs power system technology to light up the world.The Petronas Twin Towers have changed the night skyline of Kuala Lumpur, Malaysia. The brilliant lights emitted by these gigantic buildings are made possible by Hyosungs transformers, which supply stable electric power 24/7 thanks to the worlds best electrical equipment technology.

1011

Excellent Partner _ a

Tm

Hyosung ATMs offer fast and easy financial transactions.Hyosungs advanced ATM units facilitate convenient and fast financial transactions around the clock at locations in 30 major cities worldwide including New York.

1213

Hyosung is growing into a global leader with its excellent technologies and services in the business

sectors of textile, industrial materials, chemicals, power & industrial systems, construction, trading, and

information & communication. Guided by our management philosophy of Global Excellence, we

endeavor to provide higher values for our customers all over the world. We shall to continue challenging

ourselves and to innovate, while securing and maintaining customer loyalty and trust.

With Customers, With the World - Hyosung is your trusted partner.

Business Areas

Financing & other Affiliated Companies

Information & Communication

trading

Construction

Power & Industrial systems

Chemicals

Industrial Materials

textile Spandex PU Nylon Polyester Fiber PU FabricDyeing PU

Tire & Industrial Reinforcements PU Technical Yarn PU Global Safety Textiles Interior PU Aramid Business Division Carbon Fiber Business Division

PP/DH PU Film PU Packaging PU TPA PU Neochem PU Optical Film PU

Power Systems PU Industrial Machinery PU HYOSUNG GOODSPRINGS PU Wind Energy Business Division

Construction PU Hyosung EBARA Engineering PU Chinhung International, Inc.

Steel & Metal Products PU, Chemical Products PU Hyosung Trans-World PU

Nautilus Hyosung PU Hyosung Information Systems PU L-Business Development Division Hyosung ITX Co., Ltd. Galaxia Electronics Co., Ltd. Galaxia Communications Co., Ltd. Galaxia Device Co., Ltd.

Hyosung Capital PU The Class Hyosung Co., Ltd. Hyosung Toyota Corporation The Premium Hyosung Co., Ltd.

GloBAl ExCEllEnCE HyoSunGBuSInESS AREAS

1415

TextilePerformance Group

creora, the best global brand ranked No.1 in terms of world spandex market share.

The government of Korea selected creora as the No.1 spandex brand for the world market.

Hyosung is continuously developing and supplying innovative products to facilitates our customers

businesses such as the eco-friendly creora eco H-550, yarn produced at a lower temperature level than

conventional spandex with less energy use and CO2 emissions, creora highclo H-350S, with the highest

level of chlorine resistance is known for the excellent resilience when used in swimsuits, and black solution-

dyed creora H-300D/350S that carries a far deeper and more sophisticated color when compared to

conventional spandex. This is the very reason why global business leaders have consistently chosen

creora and why it has enjoyed the biggest share of the global market.

In addition, the creora Fabric Libraries located in Seoul, New York, Milan, Hong Kong, and Shanghai, the

worlds top fashion cities, display our customers fabrics to major brands. Our regular creora workshops

provide our customers with consulting services to help them enhance their competitiveness, forming part of

our unique marketing activities aimed at mutual development. Our local production plants in China (Jiaxing,

Zhuhai, and Guangdong) as well as Turkey, Vietnam, and Brazil are part of our intercontinental production

network, which ensure timely service and stable supply for optimal services.

Spandex (creora) creora eco creora highcloTM creora black creora steam settable creora performance

nylon Fiber Business divisionKoreas best nylon fibers.

Development of the worlds first fibers recycled from fishing net waste.

Development of the worlds first microfibers.

As the undisputed market leader in Korea, our company, particularly, our Nylon Fiber Business Division

produces a wide variety of highly functional fibers that incorporate our 40-year history in the industry,

including TOPLON, which is used to manufacture sophisticated lingerie, sportswear, and industrial materials,

MIPAN fine & soft (micro fine-denier), MIPAN XF (N/P compound yarn), MIPAN magicsilver-nano

(antibacterial yarn), MIPAN corona (conductive yarn), MIPAN glurex (bonding yarn), MIPAN colorist (CD yarn),

MIPAN robic (highly robust yarn), and MIPAN air (hollow yarn). We also focus on developing advanced

material that help our customers retain their business competitiveness.

nylon Polyester FIber

Performance Unit

sPAndex Performance Unit

Hyosungs spandex and creora brands are recognized for their international competitiveness in technology, service, and quality.

Hyosungs textile products include creora, a spandex brand chosen by world-renowned lingerie, swimsuit, and nylon makers. Our nylon, polyester yarns, fabric, and dyed products are represented by our comprehensive textile brand lineup including creora, aerocool, and askin.

In particular, our MIPAN regen, which is recycled nylon used for apparel manufactured from fishing net

waste, helps reduce the consumption of fossil fuel, preserves natural resources, and cuts down energy

consumption and greenhouse gases. This product was recognized by GRS (Global Recycled Standard) of

CONTROL UNION, Netherlands for its various ecological benefits.