Hyosung Chemical Corporation (Korean: 효성화학, Hanja: 曉星化学) is a South Korean company specializing in the production and sale of chemical products. 
As of December 31, 2023, Hyosung Chemical Corporation reported annual revenues of approximately $2.14 billion USD, with assets totaling around $3.12 billion USD. 
History.
Hyosung Chemical Corporation traces its origins to Hyosung Group, founded in 1966. The company initially focused on industrial materials and later expanded into the chemical sector. In 1971, it established Korea's first private corporate research institute, driving advancements in polymer and resin technologies. By the 1980s, it started the development of a chip for manufacturing PET bottles and securing US FDA approval for beverage-grade PET resins. In 1998, Hyosung restructured its divisions, integrating multiple subsidiaries to streamline its operations with developments such as the world's second low-temperature heat-sealable resin and Korea's first PET milk bottle.
In 2018, the company expanded globally, establishing Hyosung Vina Chemicals Corporation in Vietnam. That same year, Hyosung Chemical officially spun off from Hyosung Corporation focusing on the chemical business independently. Recently, the company has been investing in sustainable and advanced material solutions, signing an MOU with Linde Group in 2020 for liquid hydrogen development and partnering with the Korea Institute of Science and Technology (KIST) to enhance gas barrier packaging technology.
Global Presence.
Hyosung Chemical operates production sites in South Korea and China, supplying its products to markets worldwide.