Hyundai executives hold face-to-face town hall meeting welcoming the New Year

Hyundai Motor Group held a New Year town hall meeting on Jan. 3 at its Namyang R&D Center attended by executives and employees of Hyundai Motor Company and Kia Corporation.

In their first face-to-face New Year meeting in three years, Chung Eui-sun, Executive Chair of Hyundai Motor Group, met with employees to share their New Year's messages and deliver strategic direction and vision for 2023.

Chung Eui-sun, Executive Chair of Hyundai Motor Group, delivers a speech at a New Year town hall meeting on Jan. 3 at its Namyang R&D Center.
Chung Eui-sun, Executive Chair of Hyundai Motor Group, delivers a speech at a New Year town hall meeting on Jan. 3 at its Namyang R&D Center.

"We will not fear risks and only be reactive to changes. Instead, we will lead the future by being one step ahead and create opportunities out of crises,” Executive Chair Chung highlighted during the meeting. “To this end, 2023 will be the year we establish ‘trust by taking on challenges and making a new leap through change’ to overcome the difficult business environment and move forward together toward a better future."

Preempting its continued leadership in the era of innovation in 2023, Hyundai Motor Group presented ‘trust through challenge and stability through change’ as a key topic and a new standard for the group.

This year’s meeting venue and town hall setting also reflect the Group leadership’s will for taking on challenges and change. The Namyang R&D Center is the hub for Hyundai-Kia’s key R&D activities, where the development of vehicles and proprietary technologies for engines and powertrain takes place. The center is now becoming the backbone of the Group's technology, driving quality-based innovation and transformation for the future.

The interactive town hall setting provided a stage for the Group’s key executives to explain the strategies for 2023, allowing them to actively engage with employees. Jaehoon Chang, President and CEO of Hyundai Motor and Ho Sung Song of Kia President and CEO, each elaborated on the companies’ business strategy and directions. Chung Kook Park, President and Head of Hyundai-Kia R&D Center provided the vision for research and development while Chang Song, Head of TaaS Division, presented the vision for Software Defined Vehicles (SDV).

"We must overcome the status quo and create a corporate culture that is proactive and ever-changing,” added Executive Chair Chung, emphasizing the need for proactive change.

Following the town hall meeting, Chung stayed at the Namyang R&D center, spending further time with employees to discuss various topics.

Executive Chair Chung opened his New Year remarks by expressing: “We are nearing the end of this long tunnel of COVID-19. So, it’s great to be here in person to kick off the New Year at the Namyang R&D Center, the heart of our innovation and where we take on challenges.

“The impact of COVID-19 is far and wide, with increased interest rates, inflation, and fluctuation in exchange rates. There are also ongoing geopolitical risks. All these factors are leading to greater economic uncertainty,” he added.

Chung said employees should pursue establishing trust by taking on challenges and ensuring stability by achieving change as a means to overcome business uncertainties and create a better future. He affirmed that the Group is committed to building trust by taking on challenges in diverse areas, including electrification, software and new businesses. He added that the Group will be a first mover to lead markets by securing top talent and sparing no effort to develop new technologies in a wide range of innovation.

저작권자 © The Korea Post 무단전재 및 재배포 금지