Hyosung Group Chairman Cho Hyun-joon is accelerating his efforts to protect the environment by taking care of marine ecosystems, according to the business group, Thursday. Three of the group s affiliates - Hyosung Corp., Hyosung TNC and Hyosung Heavy Industries - decided to provide financial support for the protection of seagrass in collaboration with the Korea Fisheries Resources Agency (FIRA) and the Geoje City Government in South Gyeongsang Province.
Hyosung Group Chairman Cho Hyun-joon is accelerating his efforts to protect the environment by taking care of marine ecosystems, according to the business group, Thursday. Three of the group s affiliates - Hyosung Corp., Hyosung TNC and Hyosung Heavy Industries - decided to provide financial support for the protection of seagrass in collaboration with the Korea Fisheries Resources Agency (FIRA) and the Geoje City Government in South Gyeongsang Province.
State President Nguyen Xuan Phuc called on leading corporations of the Republic of Korea, including Hyosung, Samsung Electrics and KDB, to increase investments in Vietnam for mutual benefits.
A default in project financing for the construction of the Legoland Korea amusement park in Gangwon Province has not only caused concerns over the possibility of a series of bankruptcies of securities firms and builders, but has also made it more difficult for big businesses to raise money, according to industry officials, Tuesday. Even before the Gangwon provincial government triggered distrust in the nation s bond market by breaching its promise to guarantee the repayment of the amusement park developer s debts, affiliates of the SK, Lotte and Hyosung groups raised money through primary collateralized bond obligations (P-CBOs) guaranteed by the state-run Korea Credit Guarantee Fund (KODIT). P-CBO has been used mainly by small- and medium-sized enterprises (SMEs) with .