"Rapid Changes in Consumption and Investment After COVID-19... Businesses and Capital Need Quick Adaptation"

Jajunghoe, Yoon Chang-bo Eunistory Investment Advisory CEO Breakfast Lecture

Yoon Chang-bo, CEO of Eunistory Investment Advisory. Photo by Junggi Joonganghoe

[Asia Economy Reporter Moon Hyewon] Yoon Changbo, CEO of Eunistory Investment Advisory, said, “The political, economic, social, and cultural systems that had been changing in line with the development direction of the 4th Industrial Revolution even before the COVID-19 pandemic have been required to undergo changes at an unimaginably rapid pace after the COVID-19 outbreak.”

On the 14th, Yoon made these remarks at a breakfast lecture titled “The World After the COVID-19 Issue” hosted by the Korea Federation of SMEs and the Proud Small and Medium Business Association (hereinafter Jajunghoe) in the first conference room of the Korea Federation of SMEs in Yeouido, Seoul. Yoon is an investment expert who previously served as CIO of GS Asset Management and head of the equity management division at KB Asset Management.

In his lecture, Yoon said, “the social standards are changing due to the ‘New Normal,’” adding, “As changes occur in globalization, economic and financial focal points, and consumption and investment behaviors, social vulnerabilities will also become more apparent.”

He said, “companies and capital markets have begun to be forced to ‘adapt to change,’ and we are entering an era where survival and growth will be determined by whether they adapt,” adding, “Capital goods industries, finance, and consumer discretionary sectors are discount industries, and investment in the ‘new’ is essential for growth.”

He continued, “With the advent of the subscription economy era, a business paradigm shift toward the servitization of manufacturing is taking place,” emphasizing, “Companies with competitiveness during times of transformation are those with growth potential and differentiation, so it is necessary to focus on industries and companies that have growth factors.”

Meanwhile, Jajunghoe is a corporation composed of about 110 recipients of the ‘Proud Small and Medium Business Person of the Month’ award selected by the Ministry of SMEs and Startups and the Korea Federation of SMEs. It conducts projects such as sharing management know-how among members, strengthening SME capabilities, spreading model entrepreneur awards, and improving the perception of SMEs. About 30 members of Jajunghoe and SME officials attended the breakfast lecture that day.

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