Kwon Oh-gap, Chairman of HD Hyundai, Urges Presidents to Generate "Good Profits" from Future Businesses

Group Presidents Meeting on the 28th
Review of Eco-friendly and Digital Strategies

"If temporary profits gained due to external environmental changes such as exchange rates and market conditions send us the wrong signals, they can turn into 'bad profits.' Only the profits that companies secure through their own painstaking efforts to guarantee global competitiveness and future businesses, and create through these efforts, are truly 'good profits.'"

On the 28th, Kwon Oh-gap, Chairman of HD Hyundai, raised the topic of 'good profits' at the group presidents' meeting. Chairman Kwon said, "How much employees love the company and how much respect the management receives from the employees determine the success or failure of the company."

He emphasized, "Managers should not be intoxicated by 'bad profits' and mistakenly believe that the company has achieved tremendous growth."

He added, "They must ask themselves how much effort they have made to increase future value and whether they have created an environment where employees can work freely. They should consider what kind of future to show the employees and devote their full efforts to future businesses."

Kwon Oh-gap, Chairman of HD Hyundai [Photo by HD Hyundai]

On this day, Chairman Kwon Oh-gap, Vice Chairman Ga Sam-hyun, Vice Chairman Han Young-seok, President Jung Ki-sun, and other executives reviewed key issues by business sector and discussed specific plans and progress on solutions.

They checked the status of technological advancement initiatives and talent acquisition plans by company to lead the eco-friendly and digital trends. They focused on strategies and capability enhancement measures to secure stable profitability amid the rapid changes in the global market.

HD Hyundai recorded an operating profit of 472.6 billion KRW in the second quarter of this year, down 61.8% from the previous year due to the deterioration in the refining sector. Sales decreased by 0.8% during the same period to 15.6213 trillion KRW.

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