[Korea's financial standing hyomun newspaper reporter] Hyosung Group is the driving force behind the founding was able to join the 50th anniversary last year, and operating profit all men "trillion club" has great power of johyeonjun Hyosung Group Hyosung Group Chairman and CEO johyeonsang brothers.
Joseokrae rarely refrain of the domestic group of 30 former chairman was enough to be emerging as a leader in the '3-year-old business. " Article 1 johyeonjun club president who faces kkopja first place gongsin to join shag was transformed into a 'Heavy' business with new revenue sources, but also serves as an intellectual who never does johyeonsang president is performed in silence under the lighter sleep.
The figures are not comparable to plugging in a hidden gongsin revival textured surface composition of the Hyosung Group. Johyeonjun leadership led by the President of Hyosung johyeonsang to the president beneath a solid reason behind it.
◇ industrial materials, heavy industry, led fiber and revenue
Johyeonsang president of Hyosung Group spearheaded the conduct in industrial and IT sector. Conducted last 2011 Industrial Materials PG Chapter President and the Executive power served as a full-fledged management division, he was growing into Hyosung 'tire cord' manufacturers in the world.
Joe, president and can be found in operating profit over the last three years. The last in 2014, Hyosung recorded an operating profit of 90.8 billion won in the industrial materials sector △ 2015 △ 147 billion won in 2016 to 218.6 billion won has surged more than 50 percent annually.
Industrial materials in the total operating profit part is responsible for 20% of Hyosung. Last year operating profit by business of Hyosung Top3 won the fibers (30.7%), industrial materials (21.5%), heavy industry (18.6%). Only the rapid development of heavy industry dotboyiji parts, industrial materials also plays a certain role as Hyosung's cash cow.
And especially in the revenues of traditional business, Hyosung Textile part of 1/2 share of the last three years the level of heavy industry and industry amidst a decline in materials, chemicals part is replaced. In other words, the situation is being made in the diversification of the business portfolio. Heavy industrial materials and parts of johyeonjun johyeonsang chairman of the president will start to replace them. Hyosung official said, "took place before even the recent three operating profit growth years of division" and "especially the last in 2014 60% more than had been gradually decreasing dependence on fiber parts, industrial materials, heavy industry, the portfolio was expanded to the chemical." It explained.
◇ strategic M & A opportunities in 2000
The President participated in the first period johyeonsang Hyosung Group Management is 1998. At the time tides have Hyosung Group Chairman tasked an advisory role for the senior, restructuring the president johyeonsang in-house consultants. After joining NTT in Japan, NTT's request, perform NTT wired related strategic projects, such as corporate sales management classes, and was led by the Korea branch office of NTT.
Japan's NTT to leave and re-joining in 2000, Hyosung, a couple from The President bears the industrials and authentic ties. Especially in the tire part of the code, he began to pursue strategic M & A and global companies.
First was the last in November 2002 signed a long term tire cord supply agreement with Virginia tire cord plant acquisition agreement with Michelin in the US total $ 350 million at the same time the world's largest tire maker. Hyosung was feeling at the time the limitation as a production base in the United States failed to build local exporters. Joe says that the president is determined, promoting it as a time to form a close partnership through M & A with Michelin.
Hyosung said, "In 2002 johyeonsang president of the sacraments which Michelin and the contract whilst industry in precedent were not customers and suppliers between strategic M & A," said "The M & A, the world's largest car market was the US market with local production system to build a was an opportunity, "he said.
President Joe after the M & A will continue with Michelin signed a large contract with foreign companies. In 2005, it acquired the steel cord plant in Michelin Michelin is located in a 10-year total of $ 650 million size of the steel cord supply agreement with the US state of Indiana's bug Katz (Scottsburg). In 2006, a $ 3.2 billion global tire maker Goodyear Tire Cord scale of long-term supply agreement with the United States, Europe, Latin America Goodyear tire cord plant has acquired four locations.
In particular, a contract with Goodyear was the agreement despite internal opposition Hyosung Group. 1 year negotiating period geolrimyeonseo President Joe was working to persuade the negotiations with Goodyear and Hyosung inside at the same time. Gyeolgwaron Typically, this was due to the industry's largest long-term supply contracts, Hyosung has solidified the tire reinforcement four locations in the world. Hyosung said, "Good agreement with the lead was the skepticism of management of supply instability that could be caused by deteriorating financial condition at that time Goodyear to contract the size of the maximum time the industry," said the business portfolio, "Joe CEO insights and possibilities for growth of industry was to convince the management to product quality and technology, Hyosung close the M & a "he said.
◇ imported cars entered, including diversification protagonist
President Joe dalrideon success go in the tire part of the code should also actively pursued since the business diversification. Where he turned his eyes was a 'car'. It will kkoehan car parts and production materials imported car market.
First, last August 2011, the world number one provider of airbag fabric of Germany's Global Safety Textiles (the GST) was a successful argument. Joe, president of Hyosung acquired by GST was added to secure the 11 sites in eight countries had the GST, Germany, Poland, Romania, China, South Africa, USA and Mexico. It has served as the cornerstone to successful entry into Europe and North America. In addition, from the airbag fabric and cushions yarn business sector advance, it laid the foundation for the industry's first accomplished can make a powerful synergy of vertical integration.
Hyosung said, "Joe, president of 'Human Safety (safety) & Comfort (comfortable) Solution Provider' was a vision that in order to strengthen its business portfolio in the long term," said the driver is safer and more comfortable by turning the "eyes in the automotive industry Focusing on the development and production of materials for the automotive industry led to the making available materials PG "he said. Imported car market was also johyeonsang decision of the President. The imported car market is projects at strengthening the competitiveness of the domestic market, Hyosung level.
He predicts rapid growth in imported car market in 2003, it has entered in earnest. Arguments over the lease financing company seutariseu in 2008, and has been fostered by expanding financial services in connection with leasing a car Capital Group is also one of the new growth engine. Hyosung said, "Joe, president of high synergy between existing such as Hyosung's industrial fiber core businesses and automotive industries reporting has been enhanced to invest in leading" and "to form a global automotive manufacturers and network with imported car sales for the main business of the group will help to expand explained that according to the judgment. "
He continued "The current import car business, Hyosung based on it has entered into a variety of manufacturers and associations" and "Mercedes-Benz, Toyota, Lexus, Ferrari, Maserati, etc. to achieve the annual sales of 1 trillion won equipped with a variety of line-up from the premium line supercar it leads, "he said.
◇ spotlighted as the next generation of leaders
Johyeonsang president led to the growth of Hyosung Group M & A with global companies recently regarded as the next generation of global leaders. Recognizes the key competencies through M & A led by business value, maximize the pursuit of shareholders, stakeholders, including customers, employees received in 2007 were selected as the next generation of global leaders (Young Global Leader, YGL) 'to select the World Economic Forum. As the World Economic Forum Global Agenda Council members in 2009 played a leading role in the agenda, such as the World Economic Forum to participate in the selection process. In Davos Forum in Switzerland every year is a frequent guest. Last month, he attended also held '2017 Davos Forum in Switzerland.
Social contribution activities led by Hyosung also johyeonsang president. He stressed that soil provided that community members need help to live along with nagamyeo pioneer dream of the future you want for yourself is important. Businesses and civil society, one based on the close cooperation of the government: to realize the significance of sustainable through the 'CSE (Creating Social Eco-system? Social ecosystem of the window), CSR has been committed.
Especially active write strength in Mecenat activities. Cellist Yo-Yo Ma and global sponsor of the Silk Road Ensemble and orchestra groups and, and trying to foster such as music Dream Tree inviting chamber orchestra yirwojin in love Onnuri including disadvantaged.
- Johyeonsang Hyosung President -
- May 11, 1971 live 26 days
Gyeongbukgo, United States Brown University graduate
1998 Hyosung incident (to 1999)
- 2000 Hyosung re-joining
- 2001 Strategy Division Director, Vice President, Managing Director
- Industrial Materials PG 2011 Chapter President and Managing Director Strategy Headquarters
- 2012 Industrial Materials PG Chapter President and Vice President of Strategy Headquarters
- 2014 PG · Chemical Industrial Materials PG CMO chapter president and vice president of strategy, headquarters
- 2015 Industrial Materials PG Chemical PG CMO Chapter President and CEO President and General Manager Strategy (prefecture)
Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com
