[경영윤리] 효성그룹의 경영윤리 사례(영문)

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목차
Hyosung

1. Corporate overview
2. Structure
3. History

Case Study: Hyosung Slush Fund

Reference

본문내용
Hyosung

1. Corporate overview
Founded in 1966, Hyosung has grown as one of the most prestigious conglomerates in Korea, with approximately 17,000 employees and 7 trillion won in annual sales. Hyosung has a harmonized combination of 7 performance group and 24 performance unites. Hyosung has been committed to expanding its business territory, including heavy industry, construction and information & communications, while seeking the creation of a new value.

2. Structure
Hyosung's business sector includes 7 business groups (PGs), e.g., Textile, Industrial Materials, Chemicals, Power & Industrial Systems, Construction and Information & Communication, which are subdivided into 23 business areas (PUs). The individual 23 Performance Units operate as independent organizations under the responsibility of a respective PU president. Also, the inter-related businesses among the 23 PUs are grouped into a single PG, forming the final 7 PGs.

3. History
1966- Established Tongtang Nylon Co., Ltd
1968- Completed the Ulsan Plant
1970- Acquired Hanil Nylon Co., Ltd
1971- Established R&D Center
1975- Acquired Hanyoung Industries Co., Ltd
1979- Started producing PET bottle at the Eonyang Plant
1982- Exported 230kV special steel towers to Bangladesh
1989- Applied for trademark of the TOPLON to 40 foreign countries
1994- Established PET bottle company in China
2000- Expanded Polyester Tire cord Plant
2002- Made a long-term supply contract for tire cords with Michelin
2008- Work for Spandex Plant in Turkey completed

Case Study: Hyosung Slush Fund
It was confirmed that Cho Hyun-joon, 41, president of the Hyosung Group and eldest son of Chairman Cho Seok-rae, purchased a villa worth 4.5 million dollars (5.6 billion Won according to the exchange rate at the time) in the Los Angeles area in 2002. Since Cho paid for the villa in cash, many observers are wondering about the source of this money. Chairperson Cho Seok-rae is a relative of President Lee Myung-bak by marriage. Cho’s nephew is the President’s son-in-law.
참고문헌
Wikepedia, Hyosung, http://en.wikipedia.org/wiki/Hyosung (Accessed 2009.12.04)
Hyosung Homepage, http://www.hyosung.com/eng/index.jsp (Accessed 2009.12.04)
The Korea Time News Article of Hyosung Slush Fund,
http://www.koreatimes.co.kr/www/news/nation/2009/11/117_54278.html (Accessed 2009.12.04)
The Korea Times News Article of Hyosung Slush Fund,
http://www.koreatimes.co.kr/www/news/nation/2009/11/117_54135.html (Accessed 2009.12.04)
The Korea Times News Article of Hyosung Slush Fund,
http://www.koreatimes.co.kr/www/news/nations/2009/11/117_55171.html (Accessed 2009.12.04)
The Hankyoreh News Article of Hyosung Slush Fund,
http://english.hani.co.kr/arti/english_edition/e_national/381042.html (Accessed 2009.12.04)
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