"Challenge is the Destiny of Companies... Let's Become Pioneers in the Year of the Black Tiger"

SK Chairman Chey Tae-won Delivers New Year's Address to Employees
Business Community United in "Arming with a Spirit of Challenge"

Chairman Chey Tae-won of SK Group

[Asia Economy Reporter Choi Dae-yeol] As an unpredictable and challenging business environment is forecasted for next year following this year, major domestic companies have presented aggressive goals to become leaders in the global market, armed with a pioneering spirit. With the increasingly severe COVID-19 situation and geopolitical conflicts erupting worldwide impacting not only politics and security but also the economy and industry, there is a determination to revive Korea's unique spirit of challenge and become a ‘global game changer.’

On the 31st, SK Group Chairman Chey Tae-won emphasized in a New Year's greeting email to employees that "SK’s major businesses are national strategic assets at the center of global hegemony competition," adding, "(In such times) the destiny of a company is not to be a champion but a challenger." Referring to the increasingly serious climate change crisis, he expressed confidence in "innovating business models (BM) to lead future low-carbon and eco-friendly businesses," urging everyone to "become ‘pioneers of a new era’ who lead the future with a great spirit of challenge." ▷Related article on page 3

GS Group Chairman Hur Tae-soo also encouraged a pioneering and challenging spirit, stating, "In an era of faster changes and greater uncertainty than ever, to move toward future growth, we must expand a business ecosystem that cooperates with diverse business partners." Hyundai Heavy Industries Group Chairman Kwon Oh-gap likewise said, "As we begin the next 50 years, it must be a time to create new value through innovation," adding, "The key word for 2022 is ‘value creation through innovation,’ specifically requiring innovation in business structure, mindset, technology, and systems."

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