South Korean speciality fibre producer Hyosung has named Cho Hyun-joon, currently president of the group as the new chairman. Hyun-joon represents the third-generation of the family owned group and is the eldest son of chairman Cho Suck-rae. Hyun-joon’s younger brother Cho Hyun-sang, who is designated executive vice president, will succeed him as president.
According to Korean media reports, Cho Hyun-joon has been credited for his efforts, as the group under his stewardship, reported record financial results in the past two years.South Korean speciality fibre producer Hyosung has named Cho Hyun-joon, currently president of the group as the new chairman. Hyun-joon represents the third-generation of the family owned group and is the eldest son of chairman Cho Suck-rae. Hyun-joon's younger brother Cho Hyun-sang, who is designated executive vice president, will succeed him as president.#
At the same time, Cho Hyun-sang has also been able to help Hyosung gain a larger market share in the worldwide polyester tire cord market. Hyosung also undertook reshuffle for 34 other employees. (AR)
ALCHEMPro News Desk – India
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