Market Overview

Hyosung Chairman Cho Hyun-Joon Holds First Overseas Road Show in Hong Kong and Singapore


(KRX:004800) (Chairman Cho Hyun-Joon) announced on Nov. 9 that it
strengthened communication with overseas markets through "Corporate
Day," its company presentation for domestic institutional investors and
analysts, and a "non-deal road show" for offshore institutional

The meetings were attended by executives from 17 companies, including
Goldman Sachs Asset Management, JP Morgan and Allianz. They displayed
high interest in the business activities and directions of Hyosung Corp.
and the affiliates it spun off in June. "Chairman Cho Hyun-Joon's
determination to improve communication with markets was highly praised.
The presentations will be of much help to the assessment of Hyosung's
intrinsic value," an industry source said, suggesting Hyosung should
hold a road show abroad regularly.

Chairman Cho Hyun-Joon said he would keep trying hard after the spin-off
to create values and enhance shareholder value on the basis of Hyosung's
technological competitiveness. Hyosung Corp. said that as a control
tower of the group, it is focusing on the preparation of business
portfolio and the enhancement of brand value. Four subsidiaries vowed to
increase management transparency and at the same time concentrate on
promoting corporate value as independent entities.

(KRX:298020) presented a plan to complete the construction of a
spandex factory in India, for which it broke ground in June, and its
marketing strategy for the home market of the South Asian nation. Hyosung
(KRX:298000) unveiled a plan to expand its polypropylene
business in South East Asia, propelled by Hyosung Vina Chemicals it
established in Vietnam early this year. Hyosung
Advanced Materials
(KRX:298050) vowed to concentrate on tire cord
markets in Vietnam, India, Thailand and other Asian countries. Hyosung
Heavy Industries
(KRX:298040) explained a vision to go beyond
domestic energy storage systems (ESS) market it dominates to the global
market by fusing power conversion system (PCS) and power management
system (PMS) technologies it developed on its own.

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