S&T Group Chairman Choi Pyung-kyu: "Sublimating the Indomitable Spirit of Challenge into Creation"

[Asia Economy Reporter Yang Nak-gyu] "Let us sublimate S&T's great spirit of challenge into a 'creative challenge' for new technology development and surely realize a 100-year corporate history."

On the 3rd, S&T Group Chairman Choi Pyung-kyu delivered the '2020 New Year's Address' to all employees of the group's affiliates.

Chairman Choi said, "This year will be an era of revolutionary and intense change," and predicted, "Creative members and innovative companies will become the masters of the vast market, while companies stuck in the past will be left behind."

He pointed out, "Due to the closed growth plate of the global economy, the people and companies of the Republic of Korea are losing their fierceness," adding, "Currently, Korea is experiencing the immediate growing pains of entering advanced country status, and companies are struggling with investments in advanced country-type 4th Industrial Revolution technologies."

He also expressed concern, saying, "Our companies are in a sandwich situation between advanced companies and late-developing countries, and if we fall behind in technology trends such as artificial intelligence (AI), eco-friendliness, and automation, the future cannot be guaranteed."

Chairman Choi diagnosed, "Even in such a management environment, creation and innovation will lead corporate destiny and become core values that influence the global economy," emphasizing, "We must devote ourselves to new ideas and creative technology development with the resolve of 'Mujungsaengyu' (creating something from nothing)."

Furthermore, he encouraged employees, saying, "Let us sublimate the 'indomitable spirit of challenge' that S&T has practiced for the past 40 years with the belief in technology serving the nation into a 'creative challenge' for new technology development and surely realize a 100-year corporate history."

Chairman Choi stated, "We already have the strength of securing core technologies and experience by predicting the electric vehicle era," and added, "Let us vigorously challenge the 'creation' of future new technology development in all fields of S&T, including petrochemical and power plant industries, automotive parts industry, and defense industry, using this valuable experience as a model."

Meanwhile, S&T Group consists of a total of 18 affiliates, including four listed companies: S&T Holdings (Seoul), S&TC (Changwon), S&T Heavy Industries (Changwon), and S&T Motive (Busan).

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