[New Year's Message] Chae Hee-bong, President of Gas Corporation, "The First Year to Leap into a 100-Year Company"

[Asia Economy Reporter Moon Chaeseok] Chae Hee-bong, President of Korea Gas Corporation, said on the 4th, "This year will be a new starting point for advancing as a future 100-year company."

In his New Year's address, President Chae stated, "We must respond swiftly to the rapidly changing internal and external management environment, including the global market restructuring centered on eco-friendly energy, prolonged low oil prices and changes in financial market liquidity, and carbon neutrality declarations by countries worldwide, and lay the foundation for sustainable growth as a future core company."

President Chae presented five key tasks to be pursued this year: ▲ bold and proactive investment in the hydrogen business ▲ full-scale promotion of new energy businesses such as liquefied natural gas (LNG) bunkering and cold energy ▲ achieving carbon neutrality by 2045 ▲ transformation of work methods centered on digitalization and organizational innovation ▲ realization of social value.

This year, Korea Gas Corporation plans to expand LNG new businesses focused on B2C (business-to-consumer) such as establishing a hydrogen business vision and strategy, setting up a hydrogen business headquarters, economical hydrogen production and supply, and building hydrogen-LNG hybrid charging stations.

Additionally, the company will establish a dedicated organization for overseas green hydrogen production and import, invest in hydrogen fuel cell businesses, develop core hydrogen technologies (water electrolysis and liquefaction), and make bold mergers and acquisitions (M&A) to lay the groundwork for future growth.

Furthermore, Korea Gas Corporation will actively promote LNG bunkering, cold energy businesses, and overseas GTP (Gas to Power Project) businesses to create new revenue streams, while practicing eco-friendly sustainable management to become a company that achieves carbon neutrality by 2045.

President Chae said, "We will soon announce the 'KOGAS Vision 2030,' which encompasses these plans," and urged, "Let all employees share the new vision and work together with one heart to provide better value to the public and shareholders."

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