Innovation, competitiveness & future readiness emphasized by Korea's conglomerate heads for 2019
- 5 years ago
The heads of South Korea's top five conglomerates have laid out their visions and strategies for the start of the new year.
They face growing challenges due to slowing growth and rising trade protectionism.
Kim Ji-yeon reports.
The buzzwords for Korea's top five conglomerates to kick-off the new year are innovation, strengthening competitiveness and future readiness... as they face a variety of uncertainties.
At 'Digital City,' Samsung Electronics headquarters in Suwon, Co-Vice Chairman and CEO Kim Ki-nam celebrated the company's 50th anniversary since its founding.
He laid out Samsung's vision to become one of the most advanced IT companies that lasts a century.
He said the company must overcome obstacles by creating a corporate culture of learning from past failures and encouraging challenges... calling it crucial to the development of the next-generation of goods and innovative technology as well as nurturing new industries.
In his new year's speech, Chung Eui-sun, Executive Vice Chairman of Korea's largest automaker Hyundai Motor Group, called for changes and innovation in how the automaker thinks and operate... saying they're the game changers in the global market.
Chung said the group plans to launch 13 new models in the key U.S. and Chinese markets... and strengthen operations in emerging markets like India and Southeast Asia.
Together with its affiliate Kia Motors, they're aiming to develop 44 hybrid, all-electric and hydrogen fuel cell electric models by 2025... and want to sell one-point-6-7-million units of the models each year... as part of its "clean mobility" strategy.
The CEO of Korea's second largest chipmaker, SK Hynix, Lee Seok-hee emphasized turning risks into opportunities amid falling global DRAM prices and fears of an end to the semiconductor boom.
Through innovation, Lee laid out plans to bring the company's market value to almost 90 billion U.S. dollars in three years.
LG Group Chairman Koo Gwang-mo emphasized "consumers"... saying providing goods and services that change consumers' lifestyles and to do that faster than anyone else... are the standards LG should pursue.
Choi Jeong-woo, Chairman of the country's largest steelmaker POSCO, called for perseverance in the face of rising trade protectionism.
Kim Ji-yeon, Arirang News.
They face growing challenges due to slowing growth and rising trade protectionism.
Kim Ji-yeon reports.
The buzzwords for Korea's top five conglomerates to kick-off the new year are innovation, strengthening competitiveness and future readiness... as they face a variety of uncertainties.
At 'Digital City,' Samsung Electronics headquarters in Suwon, Co-Vice Chairman and CEO Kim Ki-nam celebrated the company's 50th anniversary since its founding.
He laid out Samsung's vision to become one of the most advanced IT companies that lasts a century.
He said the company must overcome obstacles by creating a corporate culture of learning from past failures and encouraging challenges... calling it crucial to the development of the next-generation of goods and innovative technology as well as nurturing new industries.
In his new year's speech, Chung Eui-sun, Executive Vice Chairman of Korea's largest automaker Hyundai Motor Group, called for changes and innovation in how the automaker thinks and operate... saying they're the game changers in the global market.
Chung said the group plans to launch 13 new models in the key U.S. and Chinese markets... and strengthen operations in emerging markets like India and Southeast Asia.
Together with its affiliate Kia Motors, they're aiming to develop 44 hybrid, all-electric and hydrogen fuel cell electric models by 2025... and want to sell one-point-6-7-million units of the models each year... as part of its "clean mobility" strategy.
The CEO of Korea's second largest chipmaker, SK Hynix, Lee Seok-hee emphasized turning risks into opportunities amid falling global DRAM prices and fears of an end to the semiconductor boom.
Through innovation, Lee laid out plans to bring the company's market value to almost 90 billion U.S. dollars in three years.
LG Group Chairman Koo Gwang-mo emphasized "consumers"... saying providing goods and services that change consumers' lifestyles and to do that faster than anyone else... are the standards LG should pursue.
Choi Jeong-woo, Chairman of the country's largest steelmaker POSCO, called for perseverance in the face of rising trade protectionism.
Kim Ji-yeon, Arirang News.