Hyosung TNC appointed executive managing director Kim Yong-seop as CEO, who has a wealth of expertise and experience in spandex. He started out as a spandex researcher and eventually headed Hyosung's spandex venture in Brazil and Spandex Performance Unit. Also appointed as an internal director was executive managing director Lee Cheon-gyu, a global sales expert.

Four experts in their respective fields were added as external directors: Jang Seung-cheol (finance), former CEO of Hana Financial Investment Co. Ltd.; Choi Byeong-deok (legal affairs), former director of the Judicial Research and Training Institute; Oh Byeong-hee (management), former president and CEO of Seoul National University (SNU) Hospital; and Yoon Hee-joon (technology), professor of materials science and engineering at SNU.