Taeyoung 50th Anniversary... Yoon Se-young "Please Uphold Principles and Honesty"

Photo of Yoon Se-young, Founder Chairman of Taeyoung Group.

[Asia Economy Reporter Kim Min-young] Yoon Se-young, the founding chairman of Taeyoung Group, urged employees and executives in his New Year's address on the 1st, marking the 50th anniversary of the group's founding this year, to uphold the core values of principles and honesty without resorting to shortcuts amid difficult domestic and international economic conditions.

Taeyoung Group began in 1973 as Taeyoung Development (the predecessor of Taeyoung Construction) with a capital of 3 million won. Currently, based on its five major business pillars?construction, environment, logistics, leisure, and broadcasting?it has grown into a corporate group with 78 affiliates as of the end of 2021, total assets of 11 trillion won, and annual sales of approximately 6 trillion won. Last year, it was designated as a mutual investment restriction business group for the first time and ranked 41st in the business world.

Chairman Yoon Se-young self-assessed, "We have transformed crises and difficulties into success and glory by putting our utmost effort into the Taeyoung spirit of 'wisdom and passion, challenge and creation, trust and respect.'"

He continued, presenting the vision that "Taeyoung Group will continue to contribute to everyone enjoying their daily lives in a better environment and a better world, and to making South Korea more prosperous economically," adding, "We will overcome the current difficult economic situation based on the Taeyoung spirit, just as we have done so far."

This year, Taeyoung Group set its management policy as 'Response to the Global Economic Recession' and announced strategies and implementation plans for each division. The core construction and logistics businesses will strengthen their foundations through enhancing management stability and operational efficiency. In the environmental sector, the group plans to seek new opportunities through active mergers and acquisitions (M&A). The media and leisure businesses will focus their capabilities on securing competitiveness in digital marketing and content fields.

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