Doosan Chairman Park Jung-won: "Let's Build a Strong Frontline and Move Forward Aggressively with a Positive Mindset"

Park Jung-won, Chairman of Doosan Group

[Asia Economy Reporter Kim Hyewon] Park Jung-won, chairman of Doosan Group, urged in his 2022 New Year's address, "We are now more solid and prepared with a changed appearance. Let's start anew with confidence toward a greater leap."

According to Doosan Group on the 2nd, Chairman Park said, "Although global economic uncertainties remain, let's move forward more aggressively with a positive mindset of 'finding opportunities in change.'"

Chairman Park presented the main execution goals for this year as ▲full-scale growth of new business sectors ▲leading the hydrogen business ▲development of innovative technologies and products ▲market leadership through competitive advantages in existing businesses.

Regarding the new business sector, Chairman Park said, "Collaborative robots, hydrogen drones, and logistics automation solutions showed meaningful growth last year, and now it is time to enter a full growth phase." He also emphasized continuous efforts to find new growth engines, such as the advanced materials business for pharmaceutical storage newly entered by Doosan Corporation.

He particularly ordered to focus on the hydrogen business, which is one step ahead, including the development of hydrogen fuel cells for power generation and the TriGen system. He said, "Let's lead the hydrogen industry with confidence in our unique products and technologies across the entire hydrogen business, from production to distribution and utilization, including green hydrogen production linked with wind power, development of SOEC (Solid Oxide Electrolysis Cell) technology that is more efficient than existing water electrolysis methods, hydrogen liquefaction plants, hydrogen turbines, and hydrogen mobility."

He also expressed expectations for innovative technologies and products introduced in each business. Chairman Park said, "Bobcat's future construction machinery, which shows a super-gap in electrification and unmanned technology, advanced materials from the Electronics BG used in core parts of smart devices, semiconductors, and automobiles, as well as plastic waste hydrogenation technology, vertical takeoff and landing fixed-wing drones, and camera robots showcased at ‘CES 2022’ are technologies and products that will lead Doosan's future." He added, "Let's achieve continuous innovation with the passion to create better technologies and world-class products."

Along with this, Chairman Park urged to lead the market with aggressive goals. He said, "We must approach the domestic eco-friendly energy market with the determination to become the overwhelming leader, and establish detailed strategies to surpass global competitors and lead in the expanding compact construction machinery markets in the U.S. and Europe, as well as the U.S. hydrogen market." He also requested, "Please focus on research and development aiming for definite product and technology superiority."

Finally, Chairman Park emphasized ‘strengthening the fundamentals.’ He said, "We must thoroughly manage liquidity and profitability to solidify financial stability, and pay special attention to supply chain management, including diversification of raw materials and parts supply," adding, "Only with strong fundamentals can we seize opportunities."

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