[New Year's Address] Hyundai Heavy Industries Kwon Oh-gap "Preparing for Digital Transformation as a Cutting-Edge Shipbuilding and Energy Group"

Hyundai Heavy Industries Group's Annual Sales Target Set at 46.6 Trillion Won

[Asia Economy Reporter Yu Je-hoon] Kwon Oh-gap, Chairman of Hyundai Heavy Industries Group, said on the 3rd, "Our group's goal is to transform into a cutting-edge shipbuilding and energy group preparing for the digital transformation era," adding, "Only technology and innovation can create our future."

Chairman Kwon held a New Year's ceremony at the Gyedong headquarters in Jongno-gu, Seoul, and in his New Year's address stated, "The development of new technologies to open the era of smart heavy industries and the innovation of corporate culture to support this are the core values we pursue."

Regarding last year's achievements, Chairman Kwon said, "We signed the main contract for the acquisition of Daewoo Shipbuilding & Marine Engineering with the Korea Development Bank and launched Korea Shipbuilding & Offshore Engineering, which will lead a new history of technological shipbuilding," adding, "In addition, business cooperation with domestic and international companies such as Saudi Aramco is being concretized, and the global research and development (R&D) center, which will be a future growth base for the group, began construction at the end of last year."

Chairman Kwon also set the group's total sales target for this year at 46.66 trillion won, saying, "Although the management environment will not be easy, each business is overcoming difficult times and laying the foundation for enhancing competitiveness, so I am confident that if we unite and work hard, we can fully achieve the target."

He presented the future task of "transformation into a cutting-edge shipbuilding and energy group." He emphasized, "We have already been progressing with digital transformation such as 5th generation mobile communication (5G), ICT convergence, smart shipyards, and smart factories, but from now on, we must devote all our efforts to accelerate this further," adding, "Not only physical technology and innovation but also all organizations, systems, and methods of the group must be changed to support competitiveness in the era of the 4th Industrial Revolution."

In addition, Chairman Kwon presented ▲ autonomous management and responsible management ▲ establishing the status of a company contributing to the nation and society as tasks.

Chairman Kwon said, "In 2022, when the group celebrates its 50th anniversary, it will be reborn as a new Hyundai Heavy Industries Group of 'technology and innovation' with the global R&D center, and the acquisition of Daewoo Shipbuilding will be successfully completed to maintain the status of Korea's shipbuilding industry as the world's number one," adding, "Having joined as a regular employee in 1978 and served the group for 41 years, I know the strength of our employees better than anyone. I hope we will develop into a leading company loved and trusted by the people."

This content was produced with the assistance of AI translation services.