Kim Seung-yeon: "Let's Decide New Businesses Quickly and Execute Strongly"

2022 Hanwha Group New Year's Address

[Asia Economy Reporter Choi Dae-yeol] Kim Seung-yeon, Chairman of Hanwha Group, said on the 3rd, "Let us accelerate the results of the new businesses we are pursuing and continuously discover new businesses to realize the future Hanwha."

In his New Year's address to employees via the company broadcast on the same day, Chairman Kim mentioned that this year marks the 70th anniversary of the group's founding and said, "We must hasten the steps of a great transformation that designs a new future beyond the recovery of daily life." He added, "Bold investments in promising technologies and new businesses that will lead us to a sustainable future must continue. In particular, in the new business sector, efforts to preoccupy the market and lead technology through faster decision-making and strong execution are necessary."

Chairman Kim said, "Future businesses such as aerospace, green energy, and digital finance must be approached with confidence and a sense of purpose so that they can grow into core businesses within a short period." He added, "Existing core businesses must also continuously grow by strengthening market dominance and through relentless innovation." He emphasized, "The construction and service sectors should not only focus on existing business areas but also strive more for complex development and premium businesses that maximize synergy with affiliates."

He also stressed talent acquisition. Chairman Kim said, "We must boldly invest in recruiting and nurturing excellent talent who will lead future businesses and improve the constitution of existing businesses," and added, "We need to establish a flexible organizational culture and a rational and systematic personnel system." He further emphasized the growing importance of corporate responsibility and roles in solving social issues such as environmental crises, urging, "Let us actively practice the values of ethical management and sharing."

Chairman Kim said, "The stronger the wind blows, the more we must pull the bowstring tightly," and added, "Let us believe in our proven crisis management capabilities and instinct for leapfrogging through past experiences and create a new history of Hanwha as a 100-year company together."

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