Chairman Kwon Oh-gap of HD Hyundai New Year's Message: "Let's Create Change with a National Representative Mindset"

Kwon Oh-gap, Chairman of HD Hyundai, urged that in order to survive in a low-growth phase, changes must be made with the mindset of being a national representative.

In his New Year's address on the 29th, Chairman Kwon said, "Next year is expected to have greater uncertainty than any other year due to the ongoing Ukraine war and the continued hegemonic competition between the United States and China," emphasizing, "I ask all employees to have the mindset of being national representatives and create unprecedented changes."

Regarding this year, Chairman Kwon said, "This year marked the start of a new 50 years beyond the 50th anniversary of the founding by Honorary Chairman Chung Ju-yung," adding, "It was a year in which we changed the group's name, laid the foundation for sustainable growth, and achieved many accomplishments."

Chairman Kwon stated, "Next year, the global economic growth rate is expected to fall to the 2% range, lower than this year, and South Korea's economic growth rate is projected to be in the high 1% range, even lower," urging, "To survive in this environment, we must produce the best products and have the mindset of being 'national representatives who make those products.'"

He continued, "To do so, we must abandon the complacent thought that it is enough to just be average," warning, "If such an atmosphere prevails, the company cannot grow and ultimately will not be sustainable."

Kwon Oh-gap, Chairman of HD Hyundai. Photo by HD Hyundai

He referred to an article written by the founder, Honorary Chairman Chung Ju-yung of Hyundai Group, in the late 1970s, saying, "We must not forget the founder's spirit of dedicating all one's energy to the work at hand and showing infinite responsibility and affection for colleagues working together."

Chairman Kwon said, "The start of change begins with the thoughts in my own mind, so we must always consider new ideas and first change ourselves," adding, "Leaders must have a humble heart and demonstrate through actions, not words, that the company is changing."

Finally, Chairman Kwon mentioned Ulsan HD FC, the soccer team that won the championship for two consecutive years including last year, saying, "We are confident that, with our experience overcoming numerous crises and our superior technology gap, we will successfully navigate difficulties."

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