Lotte Construction CEO Park Hyun-cheol: "Must Secure Future Growth Capabilities"

[Asia Economy Reporter Onyu Lim] Park Hyun-cheol, Vice Chairman and CEO of Lotte Construction, emphasized securing future growth capabilities and solid management to welcome the new year.

According to Lotte Construction on the 3rd, Vice Chairman Park stated at the opening ceremony held the previous day, "This year is an important time to secure future growth capabilities," adding, "We must transform our business structure for sustainable growth."

To this end, Park emphasized, "We need to focus on restructuring the business to generate stable income through operations and secure high-quality assets, and continuously strive to develop technological products that can lead the industry by exploring new business opportunities in technology-linked projects at the design, procurement, and construction stages of the construction industry."

He also added, "We will actively expand businesses linked to the group's new growth sectors such as bio, hydrogen, and mobility, and to establish a foundation for sustainable growth, we must strengthen technological competitiveness and secure research and development capabilities."

Vice Chairman Park also mentioned the necessity of establishing a solid management system capable of continuously responding to the changing external environment. He added, "We must break away from customs and fixed ideas to focus on improving efficiency and actively promote business process innovation that changes existing thinking."

Finally, Park stated, "We must adhere to fundamental management principles such as strengthening safety and health management systems, ethical management, and compliance management," and emphasized, "We must continuously strive to establish a culture of mutual respect and safety, enhance compliance activities, and strengthen win-win cooperation with partner companies."

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