Seohyun Lee, Chairman of SeAH Group, "We Must Build Capabilities to Grow Through Technology and Skills, Not Relying on Market Conditions"

Chairman Lee Soon-hyung of SeAH Group

[Asia Economy Reporter Choi Dae-yeol] Lee Soon-hyung, Chairman of SeAH Group, said on the 3rd, "We must firmly strengthen our capabilities to achieve true growth through our own specialized technology and skills, without relying on market conditions." The company, which focuses on the steel industry, had good operating results last year due to strong demand for steel products, but he urged not to become complacent.

In his New Year's message released that day, Chairman Lee said, "Thanks to the rapid changes in domestic and international steel market conditions and the hard work of many employees, our core business has improved in sales and profits, overcoming difficult challenges," but added, "The road ahead does not seem smooth enough to be complacent."

He continued, "This is because signs of a slowdown in the steel market boom have already appeared since the end of last year," and added, "We face a challenging situation that is hard to list fully, including economic downturn due to the resurgence of COVID-19, changes in the global trade order surrounding climate change, the direction of US-China conflicts, international interest rate hikes, international raw material shocks, and policy changes after the domestic presidential election, so we cannot afford to let our guard down even for a moment."

Chairman Lee emphasized, "Rather than being lucky enough to reach our destination with a favorable wind, we must develop the ability to navigate through storms on our own," and added, "To live in an era of rapid change and complexity that is unpredictable, a much more intense challenge and agile action are required."

He also said, "It is necessary to always pursue better changes than yesterday and enjoy challenging the impossible," and added, "If we embody 'change and challenge' as the work attitude of SeAH employees preparing for the future and do our best today, we will be able to successfully overcome any difficulties."

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