'Future Growth Strategy and CSV Enhancement' Hanjin Co., Ltd. Executes Organizational Restructuring

Johyunn Min's Role as Executive Vice President of Future Growth Strategy and Marketing Expected to Expand

[Asia Economy Reporter Yu Je-hoon] Hanjin Co., Ltd. has carried out a New Year organizational restructuring focused on securing future growth engines and strengthening shared value creation (CSV) projects. The role of Vice President Cho Hyun-min, who was promoted to Executive Vice President in charge of Future Growth Strategy and Marketing at the end of last year, is expected to grow further.

Hanjin Co., Ltd. announced on the 11th that it had implemented the 2021 organizational restructuring based on these points. In this restructuring, the Future Growth Strategy Office and the Work Improvement Team within the Parcel Business Headquarters were newly established, and the Marketing Headquarters was expanded and reorganized into the Marketing Office.

The newly established Future Growth Strategy Office is responsible for discovering and developing new businesses, operating the Hanjin Innovation Hub, and establishing strategies for reorganizing the future business portfolio. The expanded and reorganized Marketing Office has incorporated the CSV Team and the Public Relations Team in addition to the existing Marketing Team, strengthening company-wide CSV and strategic marketing and public relations activities.

Additionally, a Work Improvement Team was newly established within the Parcel Planning Headquarters, and the regional headquarters system was abolished. The Work Improvement Team is responsible for streamlining operations and improving processes to cope with the continuous increase in parcel volume, while continuously promoting the application of new businesses in the field. Furthermore, the existing six regional headquarters will be abolished, and through organizational slimming where branches are directly managed by each business headquarters, faster decision-making and strengthened responsibility management by each business headquarters will be achieved.

Regarding this, Hanjin Co., Ltd. stated, "Through the organizational restructuring, we will lay the foundation for future growth and actively engage in CSV activities utilizing our own logistics capabilities," adding, "We will also continue multifaceted management efficiency efforts such as investments to strengthen core business competitiveness and asset sales."

Meanwhile, Hanjin Co., Ltd. recorded a cumulative operating profit of 82.4 billion KRW for the third quarter of last year on a consolidated basis, an increase of 25% compared to the same period last year. Sales also rose 6% to 1.6145 trillion KRW. Hanjin Co., Ltd. plans to reorganize its business and infrastructure around future competitiveness, expand new investments in core businesses, and focus on establishing a sustainable growth foundation.

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