Choi Pyung-kyu, Chairman of SNT Group … "'Musilyeokhaeng (務實力行)' Engraved as the Leading Actor in Challenging Actions"

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Sharon] Considering the novel coronavirus infection (COVID-19), SNT Group canceled the commemorative ceremony entirely this year as well as last year and delivered the commemorative address to executives and employees through the internal communication network.

Chairman Choi Pyeong-gyu stated in his commemorative address that during 42 years of corporate management, many crises were overcome with the wisdom of the members, but as the concentration of talented personnel and capital in the Seoul metropolitan area intensifies day by day, they are experiencing another invisible and different type of crisis.

Chairman Choi diagnosed, "91% of the top 100 companies are concentrated in the Seoul metropolitan area, and IT industries stationed here are absorbing talent even from the provinces. This imbalance is causing a shortage of talent in provincial manufacturing and creating a vicious cycle that hinders the development of local economies and companies."

He continued, "Despite these conditions, the growth and development achievements we have made are close to a miracle, and we will take a step further to strengthen on-site management that integrates technology development and production sites. We will overcome regional limitations and establish the 'Unhae Research Institute' next year to lead pioneering research with talented personnel, drawing a new blueprint toward becoming a 'world-class SNT,'" he added.

Chairman Choi also said, "Core component technologies, including motor technology?the heart of electric vehicles?are recognized as competitive advantages, and with accumulated technologies in defense industry, energy, semiconductor equipment parts, and aviation sectors, we are expanding our global marketing areas."

Finally, he urged the group’s executives and employees, "Engrave Dosan Ahn Chang-ho’s motto 'Musil Yeokhaeng (務實力行)'?practical and diligent action?always think about change and challenge, act immediately, and stand tall as proud future leaders of SNT with a humble and considerate attitude."

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