The 2018 “Hyun Joon Cho” family keywords:
In his New Year’s speech, Chairman Cho, who was appointed Hyosung CEO last year, delivered three key messages to his employees for 2018.
First, he emphasized focus on all management activities for the company to be client and market oriented. The number of competitors is rapidly surging, he said, and the most important action for survival is thus to reflect the voices of clients and markets in products. This means refraining from self-flattery and thinking the company knows all there is to know about the market. “Hyosung needs to meet and engage more clients than our competitors and quickly respond to market changes to remain one step ahead,” he said.
In addition, Chairman Cho urged more effort in securing world-class technical competitiveness. Hyosung puts top priority on technologies and quality of products; both factors have been internalized as the company’s DNA for success. The biggest factor behind Hyosung’s emergence as a globally competitive company is the pride it has in its technologies. He warned, however, against complacency by resting on past laurels. Instead, Hyosung must constantly do more to secure technical competitiveness and uphold its status and pride, he said.
Stressing the practice of responsible management to achieve success in the market, Chairman Cho said, “We shouldn’t blame why we’re behind our competitors or underachieved on external circumstances or other factors; rather, we must uncover problems and complete the tasks ourselves from beginning to end.”
Celebrating the company’s 52nd anniversary this year, Chairman Cho has requested that employees work together to help the company continue to grow into a global player with a 100-year history. A history of more than 50 years, he added, has helped showcase Hyosung’s strength and its potential to lead over the next 50 years depends on its employees.