#Yarn & Fiber

2023-04-06

Hyosung Advanced Materials elects CHO Yong-Soo as its new President

Mr. CHO Yong-Soo was elected as an inside director at the periodic General Meeting of Shareholders held on March 16 and then as President at a session of the Board of Directors on March 18.

He graduated from Yonsei University (Department of Public Policy and Management) and started working for Hyosung BASF in 1987, growing as a core talented employee by building experience in sales, marketing, planning, and business strategy at Hyosung. He was promoted to Assistant Managing Director in 2008, playing a leading role in the growth of the sectors of tire-reinforcing materials and industrial materials. In June 2018, he assumed the position of Chief of the Office of Management Strategy at Hyosung Advanced Materials. He has played a major role in achieving a stable result despite the unfavorable situation due to COVID-19.

Mr. CHO Yong-Soo’s profile

1. Birthyear : Born in 1960

2. Education : Graduated from Yonsei University (Department of Public Policy and Management) in 1986.

3. Experience :

01/1987Joined Hyosung (PS Sales)

04/1997Hyosung Group Innovation Team (Section Chief)

04/2000Leader, e-hyosung Team and M&A Team, Hyosung Corporation Strategy HQ

10/2003 Hyosung Corporation’s branch in Charlotte, United States

01/2008Leader, Hyosung Corporation’s Tire-Reinforcing Material PU Marketing Team 2 (Assistant Managing Director)

01/2011Hyosung Corporation’s Tire-Reinforcing Material PU specializing in steel wire (Managing Director)

01/2013Promoted to Senior Managing Director

06/2018Chief of Management Strategy, Hyosung Advanced Materials

01/2021Promoted to Vice President

08/2021Additional duty assigned: ESG management-related duties

03/2023Elected President of Hyosung Advanced Materials

textile.4U publishes special edition “Top 100 Textile Recycling Companies 2025”

With a comprehensive 176-page special edition, textile.4U is dedicating its latest issue entirely to one of the most dynamic and influential topics in today’s textile industry: textile recycling. The new issue, published exclusively in high-quality print, presents the Top 100 textile recycling companies researched and selected by TexData – organizations that already play a key role in the transition to circular textiles or are expected to have a significant impact in the near future.

Responsible Textile Recovery Act of 2024 signed by Governor

Senator Josh Newman (D-Fullerton) is proud to announce that Senate Bill 707 (SB 707), the Responsible Textile Recovery Act of 2024, has been signed into law by the Governor of California, Gavin Newsom. This groundbreaking legislation establishes the country’s first Extended Producer Responsibility (EPR) textile recycling program, marking a significant step forward in the state’s efforts to combat waste and promote sustainability.

Modtissimo promotes sustainability with 28 coordinates in the Green Circle

Modtissimo is proving more and more to be a textile and clothing show that delivers the latest innovations in the area of sustainability, with the iTechStyle Green Circle being the main showcase for companies' creations. In this 60+4 edition, taking place on 12 and 13 September, 28 coordinates will be exhibited in a section organised by CITEVE and curated by Paulo Gomes.

The EU and Egypt team up to mobilise private sector investments at Investment Conference and sign a Memorandum of Understanding underpinning €1 billion in macro-financial assistance for Egypt

At the EU-Egypt Investment Conference, co-organised by the EU and the Government of Egypt on 29-30 June, the EU and Egypt are teaming up to intensify private sector investments in Egypt. They are also signing a Memorandum of Understanding (MoU) for the disbursement to Egypt of up to €1 billion in Macro-Financial Assistance.

From premiums to parity: How Fashion for Good is rewriting the economics of new materials

Fashion for Good launches Price Parity Toolkit: developed with support from Laudes Foundation, Canopy and Finance Earth, the framework introduces an innovative financing approach (premium decoupling) to remove price premiums from the supply chain and unlock faster adoption of lower-impact materials across the industry.

Better, faster, bio-based: Functional new Plastic alternatives

How can new bio-based and biohybrid materials with improved features be developed faster? Six Fraunhofer institutes are jointly exploring this question in the SUBI²MA flagship project, using an innovative bio-based polyamide developed by Fraunhofer researchers as a model. Its specific properties make it a promising alternative to fossil-based plastics.

Innovation and customer proximity – KARL MAYER’s clear focus makes an impression

ITMA ASIA in Singapore was a resounding success for KARL MAYER, exceeding all expectations. The company welcomed visitors from 39 countries and held around 570 expert discussions. Most guests came from India, followed by China, Indonesia and Pakistan. The exchange with them was both well-founded and targeted. Conversation topics ranged from investment projects and new technologies to opportunities for cooperation and business expansion.

Catching heart disease early with AI-based sensor system

It slips on like a normal vest: Fraunhofer IZM has created a smart sensor system in cooperation with the Charité and the Technical University of Berlin. The vest records a vast array of cardiovascular parameters, which an AI-based system uses to support medical diagnostics and spot potentially dangerous developments.