Hyundai Electric President Jo Seok Receives 'Global Quality Management Leader Award'

Contributing to the Development of Eco-Friendly, High-Efficiency Power Devices and Enhancing Quality Competitiveness

Cho Seok, CEO of Hyundai Electric. Photo by Hyundai Heavy Industries

[Asia Economy Reporter Donghoon Jeong] Cho Seok, CEO of Hyundai Electric, was recognized for his leadership in advancing quality management and received the Global Quality Management Leader Award.

On the 21st, Cho Seok received the 'Global Quality Management Leader Award' at the '2022 Korean Society for Quality Management Fall Academic Conference Quality Award Ceremony' held at Pohang University of Science and Technology in Pohang, Gyeongbuk. The Korean Society for Quality Management awards this honor to executives who have contributed to national industrial development and enhancement of quality competitiveness, and who have faithfully fulfilled corporate social responsibility.

Appointed in 2020 as the first external CEO of Hyundai Heavy Industries Group, Cho Seok is an economic expert with over 30 years of public service experience across energy, industrial policy, and trade sectors.

Hyundai Electric succeeded in turning a profit within one year of Cho’s appointment. Since then, it has maintained solid performance and is evaluated to have laid the foundation for a new leap forward as a comprehensive energy solutions company.

Under the management principle that "quality is competitiveness," Cho has worked to establish a company-wide digital-centered quality management system. Along with the completion of the smart factory at the Ulsan transformer plant, he has actively promoted quality management through ▲ automation of assembly process procedures ▲ quality analysis and management based on IoT and big data ▲ introduction of digital inspection equipment (smart glasses), reducing quality failure costs by about half since his appointment.

In addition, he is leading the localization of new technologies by developing eco-friendly and high-efficiency power equipment that contributes to achieving carbon neutrality. He is also accelerating eco-friendly management by leading energy convergence projects that promote the distribution of renewable energy in industrial complexes and university campuses in collaboration with the public, private, and research sectors.

Furthermore, Cho is practicing ESG management by declaring human rights management, signing agreements to reduce greenhouse gases in local communities, establishing a shared growth fund for partner companies, and strengthening quality management capabilities.

Cho Seok said, "I always emphasize the importance of a quality policy grounded in basics and the advancement of quality management systems," adding, "I will continue to do my best so that Hyundai Electric can become a company that contributes to society through continuous quality innovation activities."

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