Hyosung announced that it has newly established a Transparency Committee that reports to the Board of Directors of Hyosung Corporation. The committee is composed of three external directors (Jeong Sang-myeong, Kwon Oh-gon, Choi Joong-kyeong), and one internal director (Kim Kyoo-young). External Director Jeong Sang-myeong, a former Prosecutor General, has been appointed as the representative of the committee. External Director appointed as the Chairman of External Director Recommendation Committee. External Director Kim Myeong-ja, former Minister of Environment will chair the External Director Recommendation Committee, succeeding Chairman Cho Hyun-joon.