MIRA
INFORM REPORT
|
Report Date : |
28.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
HYOSUNG CORPORATION |
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Registered Office : |
Hyoseong Bldg, 450, Gongdeok 2-dong, Mapo-gu, Seoul 121-805 |
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Country : |
Korea |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
11.03.1966 |
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Com. Reg. No.: |
105-81-59519 |
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Legal Form : |
Listed Company |
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Line of Business : |
Wholesale of Non-Specialized Goods |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
Status : |
Very Good |
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|
|
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Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Exists |
Basic
|
Company
Name |
HYOSUNG CORPORATION |
|
Registered Address |
450, Gongdeok 2-dong, Mapo-gu, Seoul,
Korea |
|
Building |
Hyoseong Bldg. |
|
Zip Code |
121-805 |
|
Tel |
+82-2-707-7000 |
|
Fax |
+82-2-707-0130 |
|
E-mail |
elegys@hyosung.com |
|
Website |
www.hyosung.co.kr |
|
Trading Address |
Hyoseong Bldg., 450, Gongdeok 2-dong,
Mapo-gu, Seoul, Korea |
|
Tel |
+82-2-707-7000 |
|
Fax |
+82-2-707-0130 |
|
Cheongwon Factory |
413-1, Geumho-ri, Buyong-myeon,
Cheongwon-gun, Chungcheongbuk-do, Korea |
|
Tel |
+82-43-277-6070 |
|
Changwon Factory (1) |
454-2 Nae-Dong Changwon-Si Gyeongnam-do
641-050 Korea |
|
Tel |
+82-55-268-9022 |
|
Changwon Factory (2) |
456-6
Nae-Dong Changwon-Si Gyeongnam-do 641-050 Korea |
|
Tel |
+82-55-268-9022 |
|
Changwon Factory (3) |
456-6 Nae-Dong Changwon-Si Gyeongnam-do
641-050 Korea |
|
Tel |
+82-55-268-9022 |
|
Changwon Factory (4) |
49 Wungnam-Dong Changwon-Si Gyeongnam-do
641-290 Korea |
|
Tel |
+82-55-268-9022 |
|
Ulsan Factory |
588 Maeam-Dong Nam-Ku Ulsan 680-060 Korea |
|
Tel |
+82-52-279-2014 |
|
Gumi Factory (1) |
169
Simi-Dong Gumi-Si Gyeongbuk-do 730-340 Korea |
|
Tel |
+82-54-470-9114 |
|
Fax |
+82-54-472-5775 |
|
Gumi Factory (2) |
630 Gupo-Dong Gumi-Si Gyeongbuk-do 730-400
Korea |
|
Tel |
+82-54-459-2117 |
|
Fax |
+82-54-475-3471 |
|
Anyang Factory |
183-2 Hogye-Dong Dongan-Ku Anyang-Si
Gyeonggi-do 431-080 Korea |
|
Tel |
+82-31-428-1000 |
|
Eonyang Factory |
59
Bansong-Ri Eonyang-Eup Ulju-Gun Ulsan 689-801 Korea |
|
Tel |
+82-52-255-5114 |
|
Daejeon Factory (1) |
49-1 Munpyeong-Dong Daedeok-Ku Daejeon
306-220 Korea |
|
Tel |
+82-42-932-6187 |
|
Fax |
+82-42-932-8270 |
|
Daejeon Factory (2) |
1685-1 Sinil-Dong Daedeok-Ku Daejeon
306-230 Korea |
|
Tel |
+82-42-605-8500 |
|
Yongyeon Factory (1) |
186
Seongam-Dong Nam-Ku Ulsan 680-140 Korea |
|
Tel |
+82-52-279-2014 |
|
Fax |
|
|
Yongyeon Factory (2) |
204-1 Seongam-Dong Nam-Ku Ulsan 680-140
Korea |
|
Tel |
+82-52-279-5500 |
|
Jochiwon Factory |
518
Yeongi-Ri Nam-Myeon Yeongi-Gun Chungnam-do 339-820 Korea |
|
Tel |
+82-41-860-3128 |
|
Seoul Office |
3rd Fl., Bangbae Bldg., 1006-2, Bangbae 3-dong,
Seocho-gu, Seoul, Korea |
|
Tel |
+82-2-707-4418 |
|
Fax |
+82-2-707-4401 |
|
Type |
Export/Import |
|
Industry |
Wholesale of Non-Specialized Goods |
|
Main Business |
Synthetic Fiber, Terephthalic Acid, Financial Automation Systems, Building
Construction Services |
|
Sub Business |
Man-Made Fibers Spinning |
|
Established (mm/dd/yyyy) |
11/03/1966 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Castings(31100000) |
|
Sell |
Control unit(43201542) |
|
Sell |
Fixed network equipment and
components(43221700) |
|
Sell |
Fabrics |
|
Sell |
Bar(30101600) |
|
Sell |
Carpets |
|
Sell |
Structural materials and basic
shapes(30100000) |
|
Sell |
Automatic teller machines ATMs(48111401) |
|
Sell |
Switches and controls and relays and
accessories(39121500) |
|
Sell |
Chemical tanks(24111805) |
|
Sell |
Synthetic fabrics(11161800) |
|
Sell |
Motors(26101600) |
|
Sell |
Stainless steel plate(30102205) |
|
Sell |
Fabrics and leather materials(11160000) |
|
Sell |
Motor control centers(39121104) |
|
Sell |
Iron removal equipment(47101510) |
|
Sell |
Synthetic fabrics(11161800) |
|
Sell |
Plastic bottles(24122002) |
|
Sell |
Motor control centers(39121104) |
|
Sell |
Stainless steel plate(30102205) |
|
Sell |
Air circuit breakers(39121615) |
|
Sell |
Circuit breakers(39121601) |
|
Sell |
Power conditioning equipment(39121000) |
|
Sell |
Power generators(26111600) |
|
Sell |
Rugs and mats(52101500) |
|
Sell |
Gas liquid contacting systems(23201000) |
|
Sell |
Incinerators(47101529) |
|
Sell |
Electrical and electronic
engineering(81101700) |
|
Sell |
Panelboards(39121103) |
|
Sell |
Tire cord(25172507) |
|
Sell |
Motorcycles(25101801) |
|
Sell |
Transportation related equipment and
instruments(41112800) |
|
Sell |
Kinetic power transmission(26111500) |
|
Sell |
Induction motors(26101601) |
|
Sell |
Welders(23171508) |
|
Sell |
Power conditioning equipment(39121000) |
|
Sell |
Yarns(11151700) |
|
Sell |
Polyester thread(11151603) |
|
Sell |
Wind generators(26111603) |
|
Sell |
Lifting equipment and accessories(24101600) |
|
Sell |
Heat exchangers(40101802) |
|
Sell |
Motors(26101600) |
|
Sell |
Plate(30102200) |
|
Sell |
Channels(30101800) |
|
Sell |
Iron bars(30101603) |
|
Sell |
Road cargo transport(78101800) |
|
Sell |
Panelboards(39121103) |
|
Sell |
Nylon thread(11151608) |
|
Sell |
Machine tools(23171600) |
|
Sell |
Stainless steel rods(30102405) |
|
Sell |
Pipe(40142100) |
|
Sell |
Coil(30101900) |
|
Sell |
Rod(30102400) |
|
Sell |
Surge suppressers(39121610) |
|
Sell |
Specialty fabrics or cloth(11162100) |
|
Sell |
Coil(30101900) |
|
Sell |
Vehicle batteries(26111703) |
|
Sell |
Agricultural and forestry and landscape
machinery and equipment(21100000) |
|
Sell |
Electrical wire(26121500) |
|
Sell |
Golf carts(25101904) |
|
Sell |
Water treatment and supply
equipment(47101500) |
|
Buy |
Caprolactam |
|
Buy |
Wire Rod |
|
Buy |
Core |
|
Buy |
Copper Rod |
CEO’s
|
Name |
Lee Sang-Woon |
|
Date of Birth |
03/18/1952 |
|
Title |
Vice Chairman & COO |
|
Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital |
175,587,275,000 KRW |
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Employees |
5,980 |
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Formation |
Listed Company (Korea Stock Exchange: 004800) as of 07/01/1973 A Company of Hyosung Business Group Foreign Direct Investment Corporation |
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Bank Details |
Woori Bank-Headquarters(Sales 1 Department) |
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Corporate Registered No. |
110111-0030497 |
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Business Registered No. |
105-81-59519 |
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Permit & Licenses |
2003 Ulsan Factory obtained the ISO/TS 16949:2002 certification for
tire reinforcing material 11/1995 KT 06/2000 ISO 14001 07/2001 ISO 9001 08/2005 ISO 9001 11/2005 ISO 14001 Int’l Trade No.: 710053 |
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Shareholder Position |
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Company
History
2005 Work for the nylon film Plant in Jiaxing,
China completed
2004 Earned the TPA PU ISO 14001 certification
(Yongyeon Plant)
2004 Work for the spandex Plant in Zuhai, China
completed.
2004 Work for expansion of the nylon film Plant
in Gumi completed.
2004 Work for the transformer Plant in Baoding,
China completed.
2004 Introduced garment yarn nylon 66 Zenio onto
the market.
2004 Work for expansion of the spandex Plant in
Gumi completed.
2004 Signed a supply contract for 750kV
switchgear with northwest street power Grid Corp, China.
2004 The Tire Cord Plant in Jiaxing, China
completed.
2004 Introduced Ion-free, PTT carpet (Interior
PU)
2004 Earned the ISO/TS 16949:2002 certifications
(Eonyang Plant)
2004 Earned the ISO 9001:2000, ISO/TS
16949:2002, ISO 14001:1996 certifications (Nylon Fiber PU).
2004 Developed Mipan Nano Magic Silver.
2004 Hyosung Dryvit changed its name to Hyosung
Innotech inc.
2003 Yarn for nylon 66 airbag was developed.
2003 Ulsan Plant obtained the ISO/TS 16949:2002
certification for Tire & Inductrial Reinforcements PU.
2003 Hyosung Steelcord(Qingdao) Co., Ltd was
established in Qingdao, China.
2003 Boading Hyosung Tianwei Transformer Co.,
Ltd was established in Huabei Province, China.
2003 The Class Hyosung, an import car sales
corporation, was established.
2003 A PET bottle for a heating cabinet was
developed.
2003 Silver fiber "Mipan Magic Silver"
was developed.
2003 Hyosung Spandex(Guangdong) Co., Ltd was
established in Guangdong Province, China.
2003 Hyosung Film(Jiaxing) Co., Ltd was
established in Zhejiang Province, China.
2002 Hyosung Computer PU and Hyosung Data System
were merged into Nautilus Hyosung Inc.
2002 Took over the tire cord Plant of Michelin
in Scotsville, U.S.A.
2002 Made a long-term supply contract for tire
cords with Michelin.
2001 Took over Tele Service.
2001 Adopted ERP.
2000 Expanded Polyester Tire cord Plant
2000 Tookover the Bridge Solution Group, Hongjin
Data System and the Aegis Venture Group.
2000 Hyosung Spandex(Jiaxing) Co., Ltd was
established in China.
1999 Expanded the Gumi Spandex Plant
1998 Realigned organization into 5 Performance
Groups and 31 Performance Units
1998 Hyosung
T&C, Hyosung Corporation, Hyosung Living Industry and Hyosung Industries
consolidated into Hyosung Corporation
1997 Established Hyosung EBARA Engineering Co.,
Ltd.
1997 Established Hyosung Finance Co., Ltd.
1997 Completed the Beijing Computer Plant
1997 Completed the Cheongwon Home Carpet Plant
1996 Changed the name of Tongyang Nylon to
Hyosung T&C Co., Ltd.
1996 Changed the name of Tongyang Polyester to Hyosung
Living Industry Co., Ltd.
1996 Started operation of the Beijing PET Bottle
Plant II
1996 Established Hyosung VINA in Vietnam
1996 Increased PP capacity from 110,000 tons to
230,000 tons
1996 Started polyester film business
1996 Began operation of the PET bottle plant in
Daejeon
1996 Established the nylon film plant in Daejeon
1995 Completed the Daejeon Tile Carpet Plant
1995 Completed Gumi Plant II (fabric)
1994 Established PET bottle company in China
1994 Established Hyosung Information &
Communications Co., Ltd.
1994 Completed the Jochiwon Plant
1993 Head Office Building moved to Kongduk-dong,
Mapo-gu, Seoul
1992 Established LSFC in Sri Lanka
1992 Started producing spandex at Anyang Plant
1992 Completed Gumi Plant I (yarn)
1992 Completed Changwon Plant V (gear reducers)
1990 Completed the Yongyeon PP & Propylene
Plant
1990 Tongyang Nylon awarded by the government
for achieving
1990 $500 million in exports
1989 Established Resin Research Division
1989 Established Hyosung EBARA Co., Ltd.
1989 Applied for trademark of the TOPLON to 40
foreign countries
1989 Completed Changwon Plant IV (electric panel
products)
1987 Established Korea Engineering Plastics Co.,
Ltd.
1987 Merged Wonmi Textile Co., Ltd.
1987 Completed Changwon Plant III (rotating
machinery)
1986 Established Hyosung Hitachi Data Systems
Co., Ltd.(now Nautilus Hyosung Inc.)
1985 Established Hyosung NAS Co., Ltd.(now
Hyosung Information System Co., Ltd.)
1984 Merged Toplon Co., Ltd.
1984 Merged Hyosung Construction Co., Ltd..
1983 Established Electronic R&D Center
1982 Exported tire cord technology to India
1982 Exported 230kV special steel towers to
Bangladesh
1981 Started the production of carpets
1980 Established Hyosung BASF Co., Ltd.
1980 Completed the Gumi Computer Plant
1979 Started producing PET bottle at the Eonyang
Plant
1978 Established Heavy Industry R&D Center
1978 Awarded for the Best Quality Management
System
1977 Completed the Changwon Heavy Industry Plant
1976 Acquired Tongyang Educational Foundation
1975 Acquired Hanyoung Industries Co., Ltd.
1973 Established Toplon Co., Ltd.
1973 Established Tongyang Polyester Co., Ltd.
1973 Established Tongyang Dyeing Co., Ltd.
1971 Established R&D Center
1970 Acquired Hanil Nylon Co., Ltd.
1968 Completed the Ulsan Plant
1967 Completed the tire cord plant in Ulsan
1966 Established Tongyang Nylon Co., Ltd.
1957 Hyosung Corporation founded
The Subject Company
is a Korean industrial conglomerate that is present in business areas such as
industrial synthetic fibers, specialty chemicals, industrial materials and
machinery, construction and development and international trade. The Company's
textile unit manufactures nylon yarns, spandex yarns, polyester yarns and
synthetic fibers. Its chemical unit's products include propane propylene,
polyethylene terephthalate (PET) bottles, nylon and polyester films. The
Company's industrial materials unit is engaged in the provision of tire cords,
steel cords, carpets and floor mats. Its power and industrial system unit
provides transformers, circuit breakers, electromotor and decelerators. Its
trading unit is engaged in the distribution of steel and metal products,
chemical products and machinery equipment. Its construction unit conducts such
building projects as housing, general and environmental construction.
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman & CEO |
Mr. |
Cho Seok-Rae |
Korean |
1935.11.19 |
Waseda University-Japan |
|
Vice Chairman & COO |
Mr. |
Lee Sang-Woon |
Korean |
1952. 03.18 |
Seoul National University |
|
President-Int'l Trading |
Mr. |
Cho Hyun-Joon |
Korean |
1968. 01.16 |
Yale University |
|
Vice President & CFO |
Mr. |
Jung Yoon-Taik |
Korean |
1955. 05. 24 |
Yonsei University |
|
Vice President–Heavy Industries |
Mr. |
Cho Hyun-Moon |
Korean |
1969.03. 07 |
Harvard University |
|
Outside Director |
Mr. |
Bae Ki-Eun |
Korean |
1933. 09.10 |
Seoul National University |
|
Outside Director |
Mr. |
Park Tae-Ho |
Korean |
1952. 07.30 |
Seoul National University |
|
Outside Director |
Mr. |
Lee Kyung-Hoon |
Korean |
1935.11.13 |
Seoul National University |
|
Outside Director |
Mr. |
Park Jong-Ryul |
Korean |
1936. 07.31 |
Seoul National University |
|
Outside Director |
Mr. |
Park Joong-Jin |
Korean |
1951. 09.18 |
Seoul National University |
|
Outside Director |
Mr. |
Kim Sang-Hee |
Korean |
1951. 01. 25 |
Seoul National University |
|
Chairman & CEO |
Mr. |
Cho Seok-Rae |
Korean |
1935.11.19 |
Waseda University-Japan |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
5,425,099,992,356 |
4,269,395,078,803 |
166,710,499,142 |
|
|
2006 |
4,784,272,392,243 |
3,786,203,227,319 |
83,549,813,497 |
|
2005 |
4,858,777,442,994 |
3,952,694,209,029 |
-60,268,862,969 |
|
2004 |
4,783,967,932,476 |
4,326,243,679,816 |
63,663,676,773 |
|
2003 |
4,218,696,022,345 |
4,394,084,228,173 |
50,264,081,618 |
Financial Description
Unit: KRW
|
Authorized
Capital |
1,000,000,000,000 |
|
Paid-Up
Capital |
175,587,275,000 |
|
Total Issues Shares |
35,117,455 |
Balance
Sheet
|
Unit : Korean Won |
01/01/2008~03/31/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
|
Total Assets |
4,582,924,096,143 |
4,269,395,078,803 |
3,786,203,227,319 |
|
Current Assets |
1,118,289,245,901 |
1,019,302,427,055 |
995,874,790,637 |
|
-Quick Assets |
601,216,809,882 |
576,091,516,018 |
498,946,862,278 |
|
-Inventories |
517,072,436,019 |
443,210,911,037 |
496,927,928,359 |
|
Fixed Assets |
3,464,634,850,242 |
3,250,092,651,748 |
2,790,328,436,682 |
|
-Investment |
1,362,899,869,022 |
1,131,436,545,874 |
604,468,096,994 |
|
-Tangibles |
2,034,141,495,004 |
2,057,807,228,184 |
2,113,411,892,070 |
|
-Intangibles |
9,475,391,524 |
9,600,949,131 |
12,167,028,737 |
|
-Others |
58,118,094,692 |
51,247,928,559 |
60,281,418,881 |
|
Total Liabilities |
3,007,259,374,053 |
2,737,504,616,504 |
2,424,076,592,253 |
|
Current Liabilities |
1,876,105,285,633 |
1,605,714,788,908 |
1,388,461,634,753 |
|
Fixed Liabilities |
1,131,154,088,420 |
1,131,789,827,596 |
1,035,614,957,500 |
|
Capital Stock |
175,587,275,000 |
175,587,275,000 |
174,029,105,000 |
|
Capital Surplus |
1,163,846,450,546 |
1,165,133,221,974 |
1,164,013,093,360 |
|
Profit Surplus |
218,187,368,917 |
203,074,839,357 |
58,360,663,127 |
|
Capital Adjustment |
18,043,627,627 |
-11,904,874,032 |
-34,276,226,421 |
|
Total Equity |
1,575,664,722,090 |
1,531,890,462,299 |
1,362,126,635,066 |
|
Liab. & Shareholder’s Equity |
4,582,924,096,143 |
4,269,395,078,803 |
3,786,203,227,319 |
|
Current
Liabilities |
1,876,105,285,633 |
1,605,714,788,908 |
1,388,461,634,753 |
|
Short-Term Borrowings |
243,439,150,769 |
265,739,811,053 |
146,301,154,139 |
|
Trade Payables |
602,811,706,103 |
548,765,089,377 |
587,712,319,670 |
|
Account Payables |
172,836,717,282 |
136,340,464,244 |
106,703,628,061 |
|
Advance Receipts |
101,386,574,975 |
63,408,855,659 |
42,123,970,297 |
|
Withholdings |
13,105,188,385 |
13,259,863,027 |
7,816,043,521 |
|
Accrued Expenses |
17,858,314,913 |
28,413,010,403 |
12,888,327,900 |
|
Current Portion of Long-Term Debts |
660,951,150,000 |
492,188,500,000 |
454,119,590,877 |
|
Withhold Deposit Received |
44,668,352,033 |
29,419,864,095 |
25,939,964,636 |
|
Accrued Income Tax |
7,183,614,335 |
26,555,359,196 |
4,856,635,652 |
|
Derivatives |
11,864,516,838 |
1,623,971,854 |
- |
|
Fixed
Liabilities |
1,131,154,088,420 |
1,131,789,827,596 |
1,035,614,957,500 |
|
Debentures |
600,000,000,000 |
600,000,000,000 |
790,000,000,000 |
|
Long-Term Borrowings |
373,584,310,000 |
371,695,660,000 |
89,100,900,000 |
|
Long-Term Account Payables |
5,804,671,111 |
5,160,394,715 |
6,280,361,690 |
|
Provision for Severance & Retirement |
130,279,232,866 |
128,809,470,159 |
112,667,994,944 |
|
Provision for Repairing |
10,330,555,364 |
8,779,525,569 |
7,166,224,759 |
|
Deferred Income Tax |
42,283,761,577 |
24,542,790,763 |
- |
|
Others |
52,903,727,260 |
79,652,807,752 |
99,563,126,935 |
Income
Statement
|
Unit : Korean Won |
01/01/2008~03/31/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
|
Sales |
1,472,400,632,044 |
5,425,099,992,356 |
4,784,272,392,243 |
|
Cost of Sold Goods |
1,295,651,382,015 |
4,735,949,790,871 |
4,272,275,588,330 |
|
Gross Profit |
176,749,250,029 |
689,150,201,485 |
511,996,803,913 |
|
Selling & Admin. Expenses |
119,639,636,522 |
450,792,701,438 |
400,411,394,230 |
|
Operating Income |
57,109,613,507 |
238,357,500,047 |
111,585,409,683 |
|
Non-Operating Income |
67,765,279,073 |
227,792,201,558 |
217,970,161,672 |
|
Non-Operating expenses |
102,817,926,201 |
251,909,359,276 |
216,827,947,897 |
|
Ordinary Income |
22,056,966,379 |
214,240,342,329 |
112,727,623,458 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
22,056,966,379 |
214,240,342,329 |
112,727,623,458 |
|
Income Taxes Expenses |
3,549,180,311 |
47,529,843,187 |
29,177,809,961 |
|
Net Income |
18,507,786,068 |
166,710,499,142 |
83,549,813,497 |
Cash
Flows
|
Unit : Korean Won |
01/01/2008~03/31/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
|
Cash Flows from Operating |
59,420,376,597 |
316,957,914,854 |
338,312,370,077 |
|
-Net Income |
18,507,786,068 |
166,710,499,142 |
83,549,813,497 |
|
-Exp. without Cash Outflow |
111,718,559,964 |
335,363,326,083 |
352,729,937,938 |
|
-Revenue
without Cash Inflows |
-51,810,023,666 |
-174,695,654,911 |
-129,134,788,801 |
|
-Changes in
Asset/ & Liability |
-18,995,945,769 |
-10,420,255,460 |
31,167,407,443 |
|
Cash Flows from
Investing |
-197,479,393,310 |
-581,738,028,933 |
-248,365,853,438 |
|
-Cash Inflow
from Investing |
14,732,973,598 |
83,310,930,740 |
225,950,765,104 |
|
-Cash
Outflows for Investing |
-212,212,366,908 |
-665,048,959,673 |
-474,316,618,542 |
|
Cash Flows
from Financing |
135,333,539,957 |
231,942,849,612 |
-54,151,520,538 |
|
-Cash
Inflows from Financing |
1,206,538,662,380 |
4,951,481,766,613 |
2,664,630,004,004 |
|
-Cash
Outflows from Financing |
-1,071,205,122,423 |
-4,719,538,917,001 |
-2,718,781,524,542 |
|
Increase/Decrease
in Cash |
-2,725,476,756 |
-32,837,264,467 |
35,794,996,101 |
|
Cash at the
Beginning of Year |
31,416,194,528 |
64,253,458,995 |
28,458,462,894 |
|
Cash at the End of Year |
28,690,717,772 |
31,416,194,528 |
64,253,458,995 |
Products, Technologies, Services
Description
|
Main
Products & Services |
Synthetic Fiber, Terephthalic Acid, Financial Automation Systems,
Building Construction Services Brand Name: TOPILENE, CREORA,M2, Baik-Nyeon Ga-Yak |
Trade
Partners
|
Suppliers |
CAPRO CORPORATION ADDRESS: 11 FI., BAEKSANG BLDG., 197-28,
GWANHUN-DONG, JONGNO-KU, SEOUL 110-718 KOREA TEL: 82-2-399-1200 FAX: 82-2-732-4214 INDUSTRY: MANUFACTURE OF OTHER BASIC
ORGANIC CHEMICALS N.E.C. POSCO ADDRESS: 1, GOE-DONG, NAM-KU, POHANG-SI,
GYEONGBUK-DO 790-704 KOREA TEL: 82-54-220-0114 FAX: 82-54-220-6000 INDUSTRY: MANUFACTURE OF BASIC IRON AND
STEEL TAIHAN ELECTRIC WIRE CO., LTD. ADDRESS: 113-119, SIHEUNG-DONG,
GEUMCHEON-KU, SEOUL 153-030 KOREA TEL: 82-2-890-9116 FAX: 82-2-892-9387 INDUSTRY: MANUFACTURE OF INSULATED WIRE AND
CABLE, EXCEPT INSULATED CODE SETS DAE DONG STEEL CO.,LTD ADDRESS: 777-6, UGEUM-RI, GASAN-MYEON,
POCHEON-SI, GYEONGGI-DO 487-813 KOREA TEL: 82-31-544-8384 FAX: 82-31-544-8358 INDUSTRY: MANUFACTURE OF METAL DOORS AND
RELATED ARTICLES |
|
Customers |
ZION FOOD CO., LTD. ADDRESS: 770, JUKSEONG-RI, GIJANG-EUP,
GIJANG-GUN, BUSAN 619-906 KOREA TEL: 82-51-721-2150 FAX: 82-51-722-4362 INDUSTRY: MANUFACTURE OF DRY BAKERY PRODUCTS KOREA ELECTRIC POWER CORPORATION ADDRESS: 167, SAMSEONG 1-DONG, GANGNAM-KU,
SEOUL 135-882 KOREA TEL: 82-2-3456-3114 FAX: 82-2-3456-4049 INDUSTRY: ELECTRIC POWER GENERATION KOLON TAEKWANG INDUSTRIES KOREA SYNTHETICS DSI HUVIS SAMYANG CORPORATION LOTTE ALMINUM DOOSAN HYUNDAI HEAVY INDUSTRIES MICHELIN BRIDGESTONE |
|
Competitors |
ABB, SIEMENS, AREVA |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Overseas Office |
BEIJING OFFICE ADDRESS: ROOM 2208, 22/F, SCITE TOWER #22 JIANGUOMENWAI
STREET, BEIJING, CHINA POST CODE: 100004 TEL: 86-10-6512-9692 FAX: 86-10-6512-0031 SHANGHAI OFFICE ADDRESS: 1115 SHANGHAI INTERNATIONAL
TRADING CENTRE NO.2200 YAN AN XI ROAD SHANGHAI 200336, P.R.C TEL: 86-21-6209-0123 FAX: 86-21-6209-3008 CHONGQUING OFFICE ADDRESS: ROOM NO. 1109, METROPOLITAN TOWER,
NO.68 ZOURONG ROAD, YUZHONG DISTRICT, CHONGQING, CHINA TEL: 86-23-6370-3342 FAX: 86-23-6388-0827 MANILA OFFICE ADDRESS: 7TH FLOOR, UNIT NO 714, TOWER ONE,
AYALA TRIANGLE, AYALA AVENUE, MAKATI CITY, METRO MANILA, PHILIPPINES TEL: 632-848-6204 FAX: 632-848-6208 QINGDAO OFFICE ADDRESS: ROOM NO.911, HOLIDAY INN. QINGDAO
NO.76, XIANGGANG ZHONG LU, QINGDAO, CHINA POST CODE: 266071 TEL: 86-532-575-8071 FAX: 86-532-576-9395 GUANGZHOU OFFICE ADDRESS: ROOM NO. 1212-1213, GUANGZHOU
WORLD TRADE CENTER COMPLEX 371-375 HUANSHI DONG ROAD GUANGZHOU, CHINA TEL: 86-20-8778-7998 FAX: 86-20-8778-7898 HANOI OFFICE ADDRESS: 27 LY THAI TO ST, ROOM 102 HANOI,
VIETNAM TEL: 84-4-8260866 FAX: 84-4-8260888 HOCHIMINH OFFICE ADDRESS: 65 NGUYEN DU STREET. 4TH FLOOR 4B1
DISTRICT 1, HOCHIMINH CITY, VIETNAM TEL: 848-8251617 FAX: 848-8231971 BANGKOK OFFICE ADDRESS: ROOM NO. 1404, 14TH FLOOR ONE
PACIFIC PLACE 142 SUKHUMVIT ROAD, BANGKOK 1011, THAILAND TEL: 66-2-653-2031 FAX: 66-2-653-2030 ISTANBUL OFFICE ADDRESS: MECIDIYEKOY IS MERKEZI SEHIT AHMET
SOK NO. 4 KAT 7, DAIRE 90-91, PK 80310 ISTANBUL, TURKEY TEL: 90-212-274-4568 FAX: 90-212-272-0627 MILANO OFFICE (2ND PIANO) ADDRESS: C.D. MILANOFIORI STRADA 1-PALAZZO
E3, 20090. ASSAGO(MI), ITALY TEL: 39-02-575-10505 FAX: 39-02-57700331 |
|
Subsidiary |
HYOSUNG EBARA CO., LTD. ADDRESS: 6TH FL., HYOSUNG BLDG., 450,
KONGDUK 2-DONG, MAPO-KU, SEOUL 121-720 KOREA TEL: 82-2-707-6384~5 FAX: 82-2-711-5501 INDUSTRY: MANUFACTURE OF PUMPS FOR LIQUIDS *HYOSUNG HAS 67% SHARES OF HYOSUN EBARA
CO., LTD. HYOSUNG TRANS WORLD CO., LTD. ADDRESS: HYOSUNG BLDG., 21-1,
SEOSOMUN-DONG, JUNG-KU, SEOUL 100-813 KOREA TEL: 82-2-707-8512 FAX: 82-2-707-8778 INDUSTRY: FREIGHT TRANSPORT ARRANGEMENT *HYOSUNG HAS 100% SHARES OF HYOSUNG TRANS
WORLD CO., LTD. HYOSUNG INFORMATION SYSTEM CO., LTD. ADDRESS: 8F CHEONGDAM BLDG. 52, CHEONGDAM
1-DONG, GANGNAM-KU, SEOUL 135-764 KOREA TEL: 82-2-510-0300 FAX: 82-2-547-9998 INDUSTRY: WHOLESALE OF COMPUTERS AND
NON-CUSTOMIZED SOFTWARE *HYSOUNG HAS 50% SHARES OF HYOSUNG
INFORMATION SYSTEM CO., LTD. HYOSUNG INVESTMENT & DEVELOPMENT
CORPORATION ADDRESS: 450, KONGDUK 2-DONG, MAPO-KU,
SEOUL 121-720 KOREA TEL: 82-2-707-7000 INDUSTRY: OTHER RENTING OF REAL ESTATE *HYSUNG HAS 58.8% SHARES OF HYOSUNG
INVESTMENT & DEVELOPMENT CORPORATION. HYOSUNG INNOTECH INC. ADDRESS: 7FL., BANGBAE BLDG., 1006-2,
BANGBAE 3-DONG, SEOCHO-KU, SEOUL 137-850 KOREA TEL: 82-2-707-5907 FAX: 82-2-707-5908 INDUSTRY: MANUFACTURE OF ASBESTOS, MINERAL
WOOLS AND OTHER SIMILAR PRODUCTS *HYOSUNG HAS 77.8% SHARES OF HYOSUNG
INNOTECH INC. HYOSUNG ENGINEERING & CONSTRUCTION CO.,
LTD. ADDRESS: 3 FL., BANGBAE BLDG., 1006-2,
BANGBAE 3-DONG, SEOCHO-KU, SEOUL 137-850 KOREA TEL: 82-2-707-4416 FAX: 82-2-707-4401 INDUSTRY: APARTMENT BUILDING CONSTRUCTION *HYOSUNG HAS 50.6% SHARES OF HYOSUNG
ENGINEERING & CONSTRUCTION CO., LTD. HYOSUNG EBARA ENVIRONMENT ENGINEERING CO.,
LTD. ADDRESS: 183, HOGYE-DONG, DONGAN-KU, ANYANG-SI,
GYEONGGI-DO 431-080 KOREA TEL: 82-31-456-6074 FAX: 82-31-456-6076 INDUSTRY: INSTALLATION OF ENVIRONMENTAL
HYGIENCE TREATMENT APPLIANCES *HYOSUNG HAS 81.3% SHARES OF HYOSUNG EBARA
ENVIRONMENT ENGINEERING CO., LTD. |
|
HYOSUNG CAPITAL CO., LTD. ADDRESS: 12TH FL., PACIFIC TOWER, 942-1,
DAECHI 3-DONG, GANGNAM-KU, SEOUL 135-845 KOREA TEL: 82-2-528-3840 FAX: 82-2-508-3863 INDUSTRY: ALL OTHER FINANCIAL
INTERMEDIATION N.E.C. *HYOSUNG HAS 100% SHARES OF HYOSUNG CAPITAL
CO., LTD. HONGJIN DATA SERVICE CO., LTD. ADDRESS: #1006 GAYANG TECHNO TOWN 1487
GAYANG-DONG GANGSEO-KU SEOUL157-793 KOREA TEL: 82-2-3663-0080 FAX: 82-2-3663-5844 INDUSTRY: OTHER SOFTWARE CONSULTANCY AND
SUPPLY *HYSOUNG HAS 65.5% SHARES OF HONGJIN DATA
SERVICE CO., LTD. BAODINGHYOSUNG TIANWEI TRANSFORMER CO. *HYOSUNG HAS 60% SHARES OF BAODINGHYOSUNG
TIANWEI TRANSFORMER CO. BEIJING HYOSUNG COMPUTER TECHNOLOGIES.CO. ADDRESS: #202, LIZEZHONGYUAN, WANG ZING,
CHAOO YANG DIST. BEIJING, POST 100102, CHINA TEL: 86-10-6439-2551 FAX: 86-10-6439-2596 *HYOSUNG HAS 95% SHARES OF BEIJING HYOSUNG
COMPUTER TECHNOLOGIES.CO. BEIJING HYOSUNG CONTAINER CO.,LTD ADDRESS: #26 YONG CHANG NORTH ST. BDA
BEIJING 100176 P.R. CHINA TEL: 86-10-6788-2486 FAX: 86-10-6788-2371 *HYOSUNG HAS 100% SHARES OF BEIJING HYOSUNG
CONTAINER CO.,LTD HICO AMERICA SALES *HYOSUNG HAS 100% SHARES OF HICO AMERICA
SALES HYOSUNG AMERICA INC. ADDRESS: L.A. BRANCH 910 COLUMBIA ST, BREA,
CA 92821, USA TEL: 1-714-989-8900 FAX: 1-714-989-8901 *HYOSUNG HAS 100% SHARES OF HYOSUNG AMERICA
INC. HYOSUNG CHEMICAL FIBER (JIAXING) CO., LTD *HYOSUNG HAS 100% SHARES OF HYOSUNG
CHEMICAL FIBER (JIAXING) CO., LTD HYOSUNG DEUTSCHLAND GMBH ADDRESS: TRIFORUM HAUS A, FRANKFURTER STR.
223, 63263 NEU-ISENBURG, GERMANY TEL: 49-6102-74120 FAX: 49-6102-7412-90 *HYOSUNG HAS 100% SHARES OF HYOSUNG
DEUTSCHLAND GMBH HYOSUNG H.K LTD ADDRESS: ROOM 2504, 25/F., NO.9 QUEEN'S
ROAD CENTRAL, HONG KONG TEL: 852-2845-6778 FAX: 852-2845-5747 *HYOSUNG HAS 100% SHARES OF HYOSUNG H.K LTD HYOSUNG JAPAN CO, LTD ADDRESS: SVAX TT BLDG 6F, 11-15, 3-CHOME,
TORANOMON MINATO-KU, TOKYO, JAPAN TEL: 81-3-3432-1005 FAX: 81-3-3459-9300 *HYOSUNG HA 100% SHARES OF HYOSUNG JAPAN
CO, LTD |
|
|
HYOSUNG RESOURCES PTY,LTD *HYOSUNG HAS 100% SHARES OF HYOSUNG RESOURCES
PTY,LTD HYOSUNG SINGAPORE PTE LTD. ADDRESS: 250, NORTH BRIDGE ROAD #16-03,
RAFFLES CITY TOWER SINGAPORE 179101 TEL: 656-337-2079 FAX: 656-339-4504 *HYOSUNG HAS 100% SHARES OF HYOSUNG
SINGAPORE PTE LTD. HYOSUNG SPANDEX (GUANGDONG)CO., LTD *HYOSUNG HAS 100% SHARES OF HYOSUNG SPANDEX
(GUANGDONG)CO., LTD HYOSUNG SPANDEX (JIAXING) CO., LTD ADDRESS: BEIHIALU JIAXING ECONOMIC
DEVELOPMENT ZONE ZHEGIANG, CHINA TEL: 86-573-222-6200 FAX: 86-573-222-6209 *HYOSUNG HAS 100% SHARES OF HYOSUNG SPANDEX
(JIAXING) CO., LTD HYOSUNG STEELCORD (QINGDAO) CO.,LTD *HYOSUNG HAS 100% SHARES OF HYOSUNG
STEELCORD (QINGDAO) CO.,LTD HYOSUNG TIRE CORD (JIAXING) CO., LTD *HYOSUNG HAS 100% SHARES OF HYOSUNG TIRE
CORD (JIAXING) CO., LTD HYOUSNG FILM (JIAXING) CO., LTD *HYOSUNG HAS 100% SHARES OF HYOUSNG FILM
(JIAXING) CO., LTD LANKA SYNTHETIC FIBRE CO, LTD *HYOSUNG HAS 98.3% SHARES OF LANKA
SYNTHETIC FIBRE CO, LTD XEPIX CO., LTD *HYOSUNG 74.9% SHARES OF XEPIX CO., LTD HYOSUNG EUROPE SRL *HYOSUNG 100% SHARES OF HYOSUNG EUROPE SRL |
Sales by
Region (Activity &
Markets)
|
Sales/ Unit :Mil KRW |
2007 |
2006 |
2005 |
|
Export |
3,896,276 |
3,244,902 |
3,307,920 |
|
Domestic |
1,528,824 |
1,539,370 |
1,550,858 |
|
Total |
5,425,100 |
4,784,272 |
4,858,778 |
The Subject deals with the companies in Asia, Africa, America including
China, India and USA.
Court
Action
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
|
Busan District Court |
The Subject Company |
Busan City |
Claim for Damages |
5,482 |
1st Round Proceeding |
|
|
Seoul Central District Court |
The Subject Company |
Saengbo Real Estate Trust |
Claim for Damages |
3,835 |
1st Round Proceeding |
|
|
Supreme Court |
The Subject Company |
Commissioner of Banpo Tax Office |
Cancelation on the imposed tax |
1,013 |
3rd Round Proceeding |
|
|
Seoul Seobu District Court |
The Subject Company |
Kwang Myung City |
Claim for Receivables-Construction |
1,631 |
1st Round Proceeding |
|
|
Seoul Seobu District Court |
The Subject Company |
Park Eui-Jin and others(23) |
Cliam for the agreed amount by breach of
promise |
496 |
1st Round Proceeding |
|
|
Seoul Nambu District Court |
Representative of Anyang Hyosung APT Residnece |
The Subject Company |
Claim for Guarantee Deposit for Repairing |
1,246 |
1st Round Proceeding |
|
|
Supreme Court |
Seo Jin-Sang and Others(1) |
The Subject Company |
Claim for Retirement Salary |
234 |
3rd Round Proceeding |
|
|
Chuncheon District Court |
Representative of Wonju Kunyoung APT Residnece |
The Subject Company |
Claim for Damages |
162 |
1st Round Proceeding |
|
|
Seoul Seobu District Court |
E1 Korea |
The Subject Company |
Claim for Transportaion Expenses |
77 |
1st Round Proceeding |
|
|
Daegu District Court |
Kim Woo-Chul and others(1) |
The Subject Company |
Claim for Damages |
60 |
1st Round Proceeding |
|
|
Seoul High Court |
Ashahi |
The Subject Company |
Banning on Infringement of Patent |
50 |
2nd Round Proceeding |
News
Clipping
Hyosung Corp. develops high voltage switchgear
Korea Herald :12/07/2007
Hyosung Corp, one of the nation`s leading industrial materials makers, said
yesterday it has developed a circuit breaker of the highest voltage in the
world.
The 1100kv, gas-insulated switchgear is an upgrade to the previous
record-holder, which the company developed in 2000.
The gas-insulated switchgear can be installed in a small space in cities
or buildings, ensuring a reliable long-haul power transfer, Hyosung officials
said.
The officials said the demand for high voltage power facilities will
grow fast in Asia in the coming years on the back of the region`s rapid economic
growth.
They particularly pointed to China and India as potential markets. The
emerging economies` energy consumption rates are surging to fuel the sizzling
economies.
Power demand in China, in particular, is expected to double by 2020.
The vast land of the two countries will lead to further growth in demand
for high voltage power systems, according to Hyosung.
By Ko Kyoung-tae (kkt@heraldm.com)
Hyosung Corp.’s Q2 profits quadruple
JoongangIlbo & Joins.com:08/08/2007
Hyosung Corp., a Korean maker of textiles and heavy machinery, said
yesterday its second-quarter earnings more than quadrupled on-year on gains
from equity investment in affiliates and improved profitability in the heavy
and chemical sectors.Net profit came to 69.2 billion won ($75 million) in the
April to June period, compared to 14.9 billion won a year earlier, Hyosung said
in a filing.
Sales rose 14.5 percent to 1.37 trillion won in the three months ended
June 30.The company’s first-half net income shot up 321.8 percent to 95.1
billion won on-year and sales rose 13 percent to 2.66 trillion won in the same
period. Yonhap
- Copyrights ⓒ JoongangIlbo & Joins.com, All rights reserved.
-
Hyosung plans plant in Vietnam for export
JoongangIlbo & Joins.com:06/08/2007
Hyosung Corp., the world’s largest maker of tire-reinforcing materials,
will build a $160 million tire cord plant in Vietnam to boost exports to
Europe, Asia and South America.Hyosung plans to complete the plant by 2010, and
it will produce 53,000 tons a year of polyester cord used in radial tires, the
firm said in a regulatory filing yesterday.
Hyosung aims to take advantage of cheap labor costs in Vietnam and gain
easier access to global tiremakers, it said in an e-mailed statement.
Vietnam joined the World Trade Organization on Jan. 11.Last year,
Goodyear Tire & Rubber Co. agreed to sell its global tire-fabric business
to Hyosung for about $80 million.
- Copyrights ⓒ JoongangIlbo & Joins.com, All rights reserved.
-
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.95 |
|
UK Pound |
1 |
Rs.85.62 |
|
Euro |
1 |
Rs.67.81 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)