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“The Specialized Carbon Business Incubation Center will be an aggregation of Hyosung’s competences from purchasing and disassembling fishing rods to learn the carbon material technologies of other countries, and I expect to see the Center produce hidden champions in carbon fiber. I hope Hyosung further develops into a reliable company by establishing good alternatives for regional development.”

- From President Park Geun-hye’s congratulatory message in celebrating the inauguration of the Jeonbuk Creative Economy and Innovation Center

-  Activities to open up new overseas markets for SMEs related to carbon in Jeollabuk-do: Hyosung has actively promoted win-win cooperation by participating in global composite materials exhibitions with SMEs in Jeollabuk-do.

- Revival of the cultural contents industry such as agricultural life and tourism: Hyosung joined forces with Jeollabuk-do to prepare for the 2014 Jeollabuk-do Industrial Revolution. Hyosung also held an entrepreneurship contest in October where 10 teams were selected. Each team was given 10 million KRW by the company to start up their own business.

-  Discovery and cultivation of outstanding venture businesses: Hyosung helps outstanding venture businesses specify their business models by offering one-on-one mentoring with experts, and provides priority for venture businesses in need of office space to rent space in the Jeonbuk Creative Economy and Innovation Center.

-  Establishment of business incubators: At business incubators, companies can not only receive financial support but also obtain business know-how of conglomerates, commercialize excellent ideas, and develop new markets using Hyosung’s global network.