President Na Hyung-gyun of Daehan Electric Wire Expresses Commitment to Actively Promote Future New Businesses Next Year

An employee of Daehan Electric Wire is listening to the presentation by President Na Hyung-gyun during a 'Town Hall Meeting.' (Photo by Daehan Electric Wire)

[Asia Economy Reporter Jeong Hyunjin] Na Hyungkyun, CEO of Korea Electric Wire, held a communication session with employees and expressed his commitment to promoting new businesses.

On the 28th, Korea Electric Wire announced that it held a 'Town Hall Meeting' for employees the previous day to share next year's management policies and mid- to long-term business strategies. Considering the COVID-19 situation, the town hall meeting was conducted online, with real-time participation from headquarters, factories, and overseas workers.

At the event, CEO Na announced the management plan for next year and took questions from employees. He said, "This year marked the beginning of integration into Hoban Group, focusing the entire company's capabilities on preparing for the future," and forecasted, "Next year will be the year when the preparations made so far will show tangible results." He then presented next year's management policy as "a new future based on change and innovation beyond the framework," adding, "We will actively promote new businesses for the future to achieve both quantitative and qualitative growth."

Next year, CEO Na stated that while accelerating the cable business, including the construction of the offshore factory for submarine cables started this year, entry into the optical cable market, and completion of HVDC development, the company will also seek localization by expanding global production bases in the U.S. and Middle East regions. He also added plans to stabilize the financial structure and strengthen operational competitiveness through thorough safety and quality management.

At the same time, CEO Na revealed plans to diversify products by entering the industrial cable market and secure a portfolio for new renewable energy sectors such as submarine and solar power. He explained that new businesses aligned with future society, including carbon neutrality, environment, and safety, will also be actively promoted.

CEO Na said, "Since this is a period of continued unstable domestic and international environments, we will actively secure opportunities to accelerate growth engines," and added, "We will not limit our business areas to electric wires but open doors to various fields related to Korea Electric Wire, such as energy and environment, and continue to promote new businesses."

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