# Hyosung Advanced Materials Corp.

Hyosung Advanced Materials Corp. is an other based in Seoul, South Korea.

## Overview

- **Organization type:** other
- **Headquarters:** Seoul, South Korea
- **Region:** Asia
- **Address:** Seoul, South Korea
- **Assets under management:** Undisclosed
- **Website:** https://hyosungadvancedmaterials.com
- **LinkedIn:** https://www.linkedin.com/company/hyosung-advanced-materials

## Regulatory record

- **Reports private funds:** No

## About

Hyosung Advanced Materials Corp. emerged from Hyosung Group's diversified industrial conglomerate, founded in 1966 by Cho Hong-jai. The advanced materials unit focuses on high-performance fibers and composites, with the group's chaebol structure providing both capital and industrial off-take relationships. The company's product portfolio spans tire reinforcement cords, steel cords, and aramid fibers for automotive, aerospace, and construction. It operates carbon fiber production lines in Jeonju, South Korea, targeting 24,000 tons annual capacity by 2028. The company also produces polyketone yarns for marine and industrial applications. In 2024, it secured a supply agreement with a European hydrogen storage tank manufacturer for its carbon fiber pressure-vessel-grade material. Hyosung Advanced Materials operates manufacturing plants in South Korea, China, and the United States, employing over 5,000 people globally. The parent Hyosung Group spans chemicals, machinery, and IT, with combined annual revenue exceeding $15B. In 2025, the company announced plans to build a new carbon fiber plant in Vietnam to serve Southeast Asian supply chains. The company's structural differentiator lies in its vertically integrated position within Hyosung Group—it benefits from captive demand from group affiliates in tire manufacturing, heavy equipment, and chemical distribution. This gives it a stable revenue base while allowing it to invest long-cycle in capital-intensive carbon fiber capacity that independent composites firms might not sustain.

## Sectors

- Industrial Tech
- Mobility & Transportation
- Energy Transition & Renewables

## Offices

- Hamburg, Germany
- Leuven, Belgium

## Questions

### Does Hyosung Advanced Materials make consumer-facing products?

No. The company is a B2B supplier of industrial materials—tire cord, steel cord, aramid, carbon fiber, and polyketone yarns. Its products go into tires, aerospace structures, hydrogen storage tanks, marine ropes, and construction reinforcement.

### What distinguishes Hyosung Advanced Materials from other carbon fiber producers?

Hyosung Advanced Materials benefits from vertical integration within Hyosung Group, which includes tire production, heavy machinery, and chemical distribution. This captive demand provides stable revenue against the volatile industrial cycle, while its capacity expansion is backed by the conglomerate's balance sheet.

## Related profiles

- [Soma](https://altss.com/profile/soma)
- [Helm AG](https://altss.com/profile/helm-ag)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/hyosung-advanced-materials-corp

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology