Hyosung Chairman Hyun Joon Cho Leads Revival of Heavy Industries Business and ESS Grows 10-fold on-year
Hyosung Chairman Hyun Joon Cho has propelled the revival of Hyosung Group’s heavy industries business by pursuing a strategy to focus on orders for highly profitable projects. The strategy is regarded as instrumental in shifting the business from a deficit of hundreds of billions of won in 2012 to a surplus of about 150 billion won ($132 million) in 2015.
Seeing in product defects a decisive factor behind increased production cost and deficit, Chairman Cho has emphasized rigorous quality co...