"Technology Determines Success or Failure" Hyundai Heavy Industries Chairman's Letter to Doosan Infracore Employees

Sondongyeon, President of Doosan Infracore (front row, left), Kwon Oh-gap, Chairman of Hyundai Heavy Industries Holdings, and Jo Young-chul, President of Hyundai Genuine, visited the Incheon plant on the 20th to tour the site.

[Asia Economy Reporter Choi Dae-yeol] Kwon Oh-gap, Chairman of Hyundai Heavy Industries Holdings, sent a welcome letter to all employees of Doosan Infracore on the 23rd. He encouraged them to settle in quickly after joining the Hyundai Heavy Industries Group and to create synergy with the existing construction equipment affiliate, Hyundai Construction Equipment.

On the morning of the same day, Chairman Kwon posted a letter on the company intranet and sent an email stating, "I hope this will be an opportunity to start anew with pride and confidence as a member of the Hyundai Heavy Industries Group family." He also addressed questions employees might have. Regarding the background of the acquisition, he said, "I decided to acquire because I am confident that, like the shipbuilding business, we can lead the global market in the construction equipment business," and requested, "We will grow construction equipment into a core business of the group, and I ask Doosan Infracore to take charge of one pillar."

Regarding future management policies, he said, "Doosan Infracore and Hyundai Construction Equipment must achieve the greater goal of developing Korea's construction equipment industry through synergy creation." Chairman Kwon added, "To effectively carry this out, we have launched Hyundai Genuine, and we will strive to find optimal solutions in all management areas such as development, sales, and purchasing." Hyundai Genuine is an intermediate holding company in the construction equipment sector, with Hyundai Construction Equipment and Doosan Infracore as separate subsidiaries. Chairman Kwon also serves as CEO of Hyundai Genuine.

Chairman Kwon further stated, "In the construction equipment business, technological capability will determine the success or failure of the company," and urged, "Let us maximize the technological capabilities that both companies possess to satisfy customers worldwide." He emphasized, "If we walk with one heart, the big goal of surpassing the world's top 5 and becoming number 1 in the world will come closer."

After the acquisition was finalized, Chairman Kwon personally visited Doosan Infracore’s business sites and decided to send Bangjja Yugi spoon and chopstick sets along with welcome cards to employees’ families.

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