Hyundai EP continued to take part in HDC group’s corporate philanthropic activities by donating 45 pianos in China.

Hyundai EP donated thirty pianos to the local community in the ceremony that took place in the Seventh primary school, in the city of Sanhe, China with Zhang Tongling, Deputy Mayor of Sanhe, Tian Jianchun, Director of civil affairs of Sanhe, Ha Sik Jung, vice president of Hyundai EP, Soon Jong Hwang, executive director of Hyundai EP, and the other officials. Earlier, on March 20, Hyundai EP also donated fifteen pianos to Dafeng high school in Yancheng, China. Donated Pianos were sent to local schools and educational institutions.

Chang Gyun Kang, CEO of Hyundai EP, stated, “We designed this Piano donation in order to fulfill our social responsibility. I hope this donation can be a great opportunity for a cultural exchange between the local residents and Hyundai EP.
 

(Hyundai EP, one of the HDC group’s affiliates, embarked on corporate philanthropic activities in overseas by donating pianos to Chinese communities.)

Hyundai Development Corporation group is expanding its Chinese market with Hyundai EP and Young Chang Music as the major affiliates. Hyundai EP is maintaining its stable growth in interior/exterior materials for an automotive sector. The donated pianos are made by Young Chang Music, the first Instrument-making company to have its factory in Tianjin, China. Young Chang Music, along with Pony Chung Foundations, is holding a Young Chang Music Competition and gathering China’s musically gifted players in order to promote cultural exchange between China and Korea.

Hyundai EP, the main affiliates of Hyundai Development Company group, manufactures engineering plastics. Starting as a Petrochemical Business Division of Hyundai Development Company (HDC) in 1988, Hyundai EP became an independent company in 2000 and was listed on KOSPI stock exchange in 2006. Hyundai EP has been growing rapidly with more than 25% growth rate every year and accomplished 20 times more sales than 14 years ago, from 38.6 billion won to 795.6 billion won.

[Source: Excerpt from “HDC NEWSROOM” http://blog.naver.com/iparkstory]