Kwon Oh-gap, Chairman of Hyundai Heavy Industries Group, Hope Message "Let's Overcome! ... Spring is Coming"

Kwon Oh-gap, Chairman of Hyundai Heavy Industries Group

[Asia Economy Reporter Park So-yeon] "Spring is coming. The spring that is deeply awaited in our hearts is very close."

Kwon Oh-gap, Chairman of Hyundai Heavy Industries Group, quoted a passage from the late Chung Ju-yung, founder of Hyundai Group, titled "Waiting for the New Spring," delivering a message not to lose hope despite the sense of crisis caused by the spread of the novel coronavirus infection (COVID-19). He also conveyed a strong determination to overcome the economic shock caused by the COVID-19 situation through emergency management.

On the 17th, Chairman Kwon emphasized to all group employees via email and printed materials, "Although the preventive measures against COVID-19 may cause significant inconvenience, let us be cautious and encourage each other to surely overcome this national disaster situation." He added, "Among the companies that have competed with us over the past few years, some have ultimately disappeared from the stage due to difficulties, and even those that remain are in situations where survival is hard to guarantee. Let us each do our best in our respective positions to wisely overcome these difficulties."

He said, "We have been striving for the life-or-death goal of 'survival' over the past six years," and added, "Unlike in the past, the three shipbuilding companies?Hyundai Heavy Industries, Hyundai Mipo Dockyard, and Hyundai Samho Heavy Industries?are recovering competitiveness through much communication and cooperation." In particular, regarding the acquisition of Daewoo Shipbuilding & Marine Engineering, although the process has been slightly delayed due to corporate merger reviews by various countries, it is progressing smoothly centered on the corporate merger task force (TF).

Chairman Kwon expressed confidence, saying, "Hyundai Heavy Industries Group will further solidify its position as the world's number one shipbuilding company through the acquisition of Daewoo Shipbuilding, and will become a beacon of hope for South Korea's shipbuilding industry." He continued, "Affiliates such as Hyundai Electric, Hyundai Construction Equipment, Hyundai Robotics, Hyundai Energy Solutions, Hyundai Power Systems, Hyundai Global Service, and Hyundai Oilbank, which separated from Hyundai Heavy Industries, are also focusing on technology and quality as core goals, and all members are doing their best today."

He urged, "In the process of overcoming difficulties, we have encountered an unexpected obstacle called COVID-19, and each company has declared emergency management and is implementing measures to minimize damage. Please be sure to carry out the measures prepared for emergency situations."

He also said, "Although we visit the founder's grave every year to engrave the founding spirit, this year the images of the founder during his lifetime come even closer to our hearts," and added, "If we overcome the current difficulties, a hopeful 'spring' will come to us as well." He emphasized, "When the global research and development (R&D) center is completed in 2022, the 50th anniversary of the founding, we will lead the global market with technology and quality and firmly establish our status as a global leader."

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