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Hyosung TNC

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Hyosung TNC Corporation
Native name
효성티앤씨
Company typePublic
ISINKRX: 298020
IndustryTextiles, Trading, etc.
Founded1957 as Hyosung Trading Company
FounderCho Hong-jai, former Chairman of Hyosung Group
Headquarters119 Mapo-daero, Mapo-gu, Seoul, South Korea
Key people
Kim Chi-hyung (CEO)
ProductsChemical fibers, industrial materials, textiles, resin manufacturing, retail/wholesale, cafeteria and café operations
ServicesChemical Fiber Manufacturing

Synthetic Fiber Manufacturing
Textile Dyeing
Textile Finishing and Processing Special Yarn and Cord Fabric Manufacturing
General Merchandise Wholesale

Textile Wholesale
Revenue7.5269 trillion KRW (as of 2023)
213.4 billion KRW (as of 2023)
Number of employees
1,389 (as of December 31, 2023)
ParentHyosung Group
SubsidiariesSome Sevit, Gwangju Refrigerated Warehouse
WebsiteWebsite

Hyosung TNC Corporation (Korean: 효성티앤씨, 曉星-) is a South Korean textile manufacturing and trading company specializing in textiles and international trade. The company produces textile materials through its spandex brand CREORA™ and sustainable fiber brand regen™. Additionally, Hyosung TNC operates Some Sevit, a floating cultural complex in Seoul, and provides logistics management services through the Gwangju Refrigerated Warehouse.[1][2][3]

History

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Founding and Early Years (1957–1969)

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Hyosung TNC Corporation was originally established as Hyosung Trading Company in 1957 by Cho Hong-jai.[4] In 1962, the company relocated its headquarters to 112 Sogong-dong, Jung-gu, Seoul. Two years later, it partnered with Korea Nylon and Hanil Nylon to form Tongyang Caprolactam Co., Ltd., The establishment of Tongyang Nylon Co., Ltd. followed in 1966, along with the completion of its Ulsan Plant. In 1968, Tongyang Nylon introduced its first yarn product under the Toplon brand.[5]

Expansion and Mergers (1970–1989)

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The company expanded significantly in the 1970s, beginning with the merger of Tongyang Nylon and Hanil Nylon in 1970. In 1973, Toplon Co., Ltd., Tongyang Polyester Co., Ltd., and Tongyang Dyeing Co., Ltd. were established.

In 1977, Hyosung Trading was listed on the stock exchange and relocated to Hyosung Building II in Seosomun-dong, Jung-gu, Seoul.[6]

In 1979, Toplon Co., Ltd. completed its Eonyang Plant, and Hyosung Trading moved its headquarters to Dongsung Building in Namdaemun-ro, Jung-gu, Seoul. The same year, the company entered the marine industry with the launch of its first yacht at the Incheon yacht plant. In 1982, Tongyang Nylon established the Tongyang Nylon Technical Research Institute and completed a Titania plant at its Anyang factory. In 1983, Toplon Co., Ltd. merged with Tongyang Nylon, and the company restructured its textile business division in 1984. A key milestone was achieved in 1987 with the localization of Nylon-66 resin production and the commencement of mass production.[7]

Corporate Restructuring and Fiber Advancement (1990–2010)

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In 1990, Hyosung entered the spandex business, laying the foundation for what would become a core product line under the Creora brand.[8] By 1997, the company commercialized spandex production. A year later, in 1998, Hyosung developed the first nylon filament yarn.That same year, Hyosung Corporation was formed through the merger of Hyosung T&C, Hyosung Trading, and Hyosung Heavy Industries.[9]

In 2007, the company introduced MIPAN Regen, a recycled nylon yarn brand.

Recent Developments (2011–Present)

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In 2011, Hyosung TNC opened Some Sevit, the world’s largest man-made floating island on the HanRiver. A major restructuring occurred in 2018, leading to the spin-off of Hyosung TNC from Hyosung Corporation. In 2019, the company established the Production Technology Center to enhance its research and development capabilities.[10][11][12]

In 2022, Hyosung TNC commercialized the world’s first bio-based spandex (regen Bio-Based). The following year, the company underwent a brand renewal, introducing integrated fiber brands under CREORA™ and regen™.[13]

Business Activity & Products

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Fiber Brands

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Creora

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Creora is Hyosung TNC’s fiber brand introduced in 1992, initially focused on spandex production. It has since developed into an integrated product line encompassing spandex, functional nylon, and polyester fibers. Currently, Creora holds a leading global market share in the spandex industry.[14][15][16]

Product categories include:

  • Spandex: 3D Max, Black, Color+, EasyFlex, Eco-Soft, Fresh, Highclo, PowerFit
  • Nylon: Aua-X, Coolwave, Fine & Soft, Fit, Rexy, Robic, Robic-Air
  • Polyester: Aerocool, Aerogear, Aeroheat, Aerolight, Aerosilver, Aerowarm, Askin, Cotna, Firex, Freshgear, M2, Prizma

Regen

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Regen is Hyosung TNC’s fiber brand, developed to address environmental considerations in the textile industry. In 2007, the company produced nylon yarn using discarded fishing nets as raw material, and in 2008, it developed Korea’s first polyester fiber made from recycled PET bottles. The brand also includes bio-based products derived from renewable resources.[17][18][19]

Product categories include:

  • Recycled fibers:
    • Spandex: Regen Spandex
    • Nylon: Regen Aua-X, Regen Robic
    • Polyester: Regen Askin, Aerocool, Cotna, Aerowarm, Freshgear, Xanadu, Aerosilver, Aerolight, Aeroheat
  • Regen Ocean: Ocean-based nylon and polyester fibers
  • Bio-based fibers: Regen Bio BDO, Regen Bio Spandex

Trading Business Division

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Hyosung TNC operates a global trading business in sectors including steel, chemicals, and synthetic materials.[20][21][22]

Other Activities

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Some Sevit

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Hyosung TNC operates Some Sevit, a floating cultural complex on the Han River in Seoul. It comprises three interconnected islands: Gavit, Chaevit, and Solvit and a waterfront stage known as Yevit. The complex hosts food and beverage outlets, exhibition spaces, and leisure facilities.[23]

References

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  1. ^ "[월간중앙 특별기획시리즈] 한국 경제의 개척자들(20) 조홍제 효성그룹 창업주".
  2. ^ "[연중기획] '견리사의' 조홍제, 두 개의 별을 쏘아올린 사나이". 씨이오뉴스-CEONEWS-시이오뉴스 (in Korean). 2023-01-15. Retrieved 2025-03-23.
  3. ^ 최우리 (2024-03-29). "조석래 효성 명예회장 별세…근현대사 함께한 영욕의 60년". 한겨레 (in Korean). Retrieved 2025-03-23.
  4. ^ "HYOSUNG CORPORATION CO., LTD". hico99.tradekorea.com. Retrieved 2025-03-23.
  5. ^ "섬유거인 잠들기까지 … 효성은 한국경제 근대화의 역사 [Science in Biz]". 매일경제 (in Korean). 2024-05-08. Retrieved 2025-03-23.
  6. ^ "Industrial giant's roots tied to nylon products". koreajoongangdaily.joins.com. 2009-11-09. Retrieved 2025-03-23.
  7. ^ "Age of the Fourth Industrial Revolution, Ambitious Challenges and Tasks of Cho Hyun-joon, Chairman of Hyosung Group". se-cu.com. Retrieved 2025-03-23.
  8. ^ Team, Editorial (2018-11-22). "Hyosung leading global market with creora". Apparel Views. Retrieved 2025-07-31.
  9. ^ Ji-hyoung, Son (2018-01-03). "Hyosung to spin off, relist subsidiaries". The Korea Herald. Retrieved 2025-07-31.
  10. ^ "Some Sevit on the Han River Opens to the Public on Oct. 15". seoul.go.kr.
  11. ^ "효성, 에어백용 '나일론66' 개발". 국제섬유신문 (in Korean). 2003-06-09. Retrieved 2025-03-23.
  12. ^ Team, Editorial (2019-07-08). "Hyosung launches integrated production technology centre". Apparel Views. Retrieved 2025-03-23.
  13. ^ Choi, Jasmine (2023-11-29). "Hyosung TNC Restructures Its Brands into Two: CREORA, regen". Businesskorea (in Korean). Retrieved 2025-03-23.
  14. ^ Choi, Jasmine. "Hyosung TNC Restructures Its Brands into Two: CREORA, regen". businesskorea.co.kr.
  15. ^ admin (2014-11-01). "New marketing strategy for creora launched". Indian Textile Journal. Retrieved 2025-07-31.
  16. ^ "Celebrating 25 years of creora at Interfilière". www.knittingindustry.com. Retrieved 2025-07-31.
  17. ^ "Hyosung Group is actively exploring new markets despite difficulties such as the global economic dow.. - MK". 매일경제. 2024-03-21. Retrieved 2025-07-31.
  18. ^ "Hyosung T&C announced on the 13th that it will push for a business to recycle discarded clothes .. - MK". 매일경제. 2024-06-13. Retrieved 2025-07-31.
  19. ^ Min-hee, Jung. "Hyosung TNC and Ambercycle Forge Partnership for Eco-Friendly Fiber Production". businesskorea.co.kr.
  20. ^ "Hyundai Steel Receives Norwegian EPD Certification for Wire Rod Products". koreaittimes.com.
  21. ^ Suk-yee, Jung. "Hyundai Steel Strengthens Market Presence with New Generation Automotive Steel".
  22. ^ Suk-yee, Jung. "POSCO Closes Historic No. 1 Wire Rod Plant Amid Global Steel Market Challenges". businesskorea.co.kr.
  23. ^ "Floating islands hold grand opening". koreajoongangdaily.joins.com. 2014-10-16. Retrieved 2025-07-31.
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