Hyosung Group – Presence in Vietnam

• Noticed earlier advantages of Vietnam in terms of potential for economic growth and competitiveness for manufacturing cost
• Started first Vietnam operations in 2007
• Invested US$ 4 billion cumulatively
• Hired 9,000 employees
• 5 entities across 4 provinces
• Various business items: Textile (Spandex, Nylon), Tire cord, ATM, Petro chemicals