HYOSUNG TNC

Throughout history, mankind has exploited Earth's resources for a more convenient life and industrial advancement. For centuries, we have cut down trees for paper, burned fossil fuels for electricity, utilized the internet, and driven cars to enjoy comfortable lifestyles. We use wood and fossil fuels to enrich our lives, but they are finite resources. Our planet’s escalating resource depletion and anomalies in global weather patterns are crucial signals that we need to stop our reckless consumption. However, ceasing resource usage is not feasible since it is essential to our survival. Consequently, Hyosung is exploring ways to smartly conserve resources for our future and searching for solutions.

Hyosung aspires to propose smart reduction solutions by minimizing energy and resource usage at every step of the production and operation cycle through philosophy and design technologies based on smart technology. This represents the final core value that Hyosung strives for in RE:GEN, namely, RE:GEN SAVE smart resource conservation.

Resource-Saving Office Environment with Hyosung INNOVUE

Paper is an eco-friendly material that doesn't destroy ecosystems when it degrades naturally. However, it should not be used recklessly. We all know that trees are the raw material for paper, and their continual felling is destroying our ecosystem, not to mention the energy required to produce it. As paper usage has been reduced, we are getting closer to paperless life with the advent of the digital age. Hyosung has been focusing on the Digital Transformation (DX) era, where a paperless office environment without face-to-face human interaction and efficient data management without recording and organizing data on paper is possible. Hyosung INNOVUE is at the forefront of this smart technology.

Hyosung TNS, a global leader in the ATM industry, has ushered in a financial era without face-to-face interaction. A new financial innovation service, the Digital Desk, allows most of the bank's work to be done without face-to-face interaction and without needing to print, sign, or fax dozens of documents. The Digital Desk allows almost all banking transactions to be conducted without face-do-face interaction with a bank employee, and all personal information entered and signed is stored digitally, minimizing data leakage and reducing all paper waste.

Besides financial solutions, Hyosung INNOVUE showcases retail solutions such as automated (unmanned) kiosks and automated stores. With a single smartphone app, everything from real-time inventory to revenue management is possible. Hyosung INNOUVE’s retail solution makes efficient management possible while saving manpower resources, paper and electricity.

Using Standby Power Efficiently with Hyosung Heavy Industries

Our lives are increasingly connected to the internet, and thanks to IoT technology, smart factories, and smart home systems are becoming more and more prevalent, enabling us to access services wherever and wherever we are. This is made possible by being constantly connected to power, standing by for real-time monitoring and instantaneous data retrieval. Electricity isn’t wasted if we have a reliable energy supply and can efficiently use energy even when on standby.

Hyosung Heavy Industries has the world's leading technology in heavy electric machine industry, a key component of industrial energy. For the construction of future power grid systems, Hyosung Heavy Industries provide all key technologies, including power equipment like transformers and breakers, electrical machines, gears, Energy Storage Systems (ESS), Static Var Compensators (STATCOM), High Voltage Direct Current (HVDC) systems, and Smart Grids. Using ESS, STATCOM, and Medium Voltage Direct Current (MVDC), Hyosung Heavy Industries can supply renewable energy obtained from nature efficiently without wasting resources.

Furthermore, Hyosung Heavy Industries has contributed to the activation of renewable energy businesses by carrying out various projects in solar power design, engineering, and construction. In addition to building solar power plants in general areas, we install them parking lot roofs, wastewater treatment plants, and other sites. Our high-efficiency solar inverter technology ensures stable solar power plant operation. In the construction of buildings by Hyosung Heavy Industries, we meticulously design energy-efficient buildings with solar power fuel cell technology. Hyosung Heavy Industries, armed with this range of technologies, is reducing fossil fuel energy use by developing renewable power plants, ensuring reliable supply and efficient operation of generated electricity. This helps reduce both carbon emissions and resource conservation.

Hyosung Advanced Materials, Scrupulous in Energy Management.

Dedicated to rigorous energy management, Hyosung Advanced Materials persistently seeks, invests, and innovates for non-renewable energy reduction. Notable efforts include reducing steam usage through improvements in the condensate recovery process at the Jeonju plant, diminishing LNG consumption via the upgrade of the heat recovery system in the RTO equipment, and refining the waste heat recovery system and incinerator operation method at the Jeonju and Ulsan plants. Hyosung Advanced Materials has also increased its use of renewable energy by installing solar power generation facilities in domestic office buildings and at Gaoqing and Qingdao corporations in China. Even the GST corporation is advancing its energy transition to reduce greenhouse gas emissions and curtail the use of non-renewable energy through solar power generation. Furthermore, Hyosung Advanced Materials is advancing its diverse efforts through employee education, energy reduction method training for energy managers, and a comprehensive management approach to address climate change risks, reduce carbon emissions, and conserve resources by transitioning to renewable sources.

Hyosung Chemical, a Leading Company in Energy Conservation through Smart Factories.

Hyosung Chemical is well-known for using smart factories to optimize operations and save energy. In 2020, Hyosung Chemical established smart factories across all its workplaces, connecting all production-related resources in real-time and creating an optimized production environment by analyzing the collected data. This improved production efficiency and achieved significant energy savings, resulting in a cost-benefit of 11.7 billion KRW.

Hyosung Chemical is also pushing for the use of renewable energy to increase. Hyosung Chemical obtains waste heat steam, a type of renewable energy, from a nearby waste incineration plant and also has solar power facilities installed within the factory. This helps reduce the use of fossil fuels like oil and coal, contributing to resource conservation. In addition, Hyosung Chemical regularly conducts energy-saving training for its employees. It separately provides training for production, process, and technology departments at workplaces that implement energy conservation and greenhouse gas reduction measures, thus ensuring the effective implementation of these reduction strategies.

We lead smart lives by turning on the TV, playing music, and setting timers with a single word through artificial intelligence. However, invisible energy must always stand by for such a smart lifestyle. Hyosung is constantly researching and investing in technologies to use this standby power more efficiently and prevent wastage, enabling us to enjoy a convenient life.

Aside from cutting down on tree felling for paper production, Hyosung is also working on minimizing fossil fuel use, and ensuring that natural resources, such as hydrogen, solar, and wind, are used effectively and efficiently in the production, supply, and usage processes. As a company-wide initiative to conserve resources, Hyosung seeks to maintain a convenient lifestyle without wasting resources, thereby preserving a healthy planet.

Hyosung is developing technologies that coexist with nature, and researching smart designs to prevent the wasteful use of energy provides. Thanks to these efforts, we can look forward to a better future and have confidence that we will make our own generation more prosperous. Keeping a close eye on Hyosung Group's RE:GEN Movement for future generations.