Jeong Ji-sun "Must Establish a 'Growth Mechanism' to Prepare for the Future Amid Crisis"

Announcement of the New Year's Message for the Gapjin Year

Chung Ji-sun, Chairman of Hyundai Department Store Group, urged on the 31st, "Let's establish a 'growth mechanism' that can nimbly prepare for the future."

In his New Year's address announced that day, Chairman Chung said, "In the new year, we must prepare for crisis situations and pursue business stabilization based on the management foundation of the holding company system."

Jung Ji-sun, Chairman of Hyundai Department Store Group.
[Photo by Hyundai Department Store]

He defined the growth mechanism to prepare for the future as a system where innovation centered on customer value continues and growth opportunities are created through broad future-oriented ideas based on an emergent working environment. He added, "To build this, we must envision the future from various perspectives, find new growth opportunities, and execute them more proactively," emphasizing, "We need to abandon conventional beliefs stuck in the business environment, capabilities, and resources of each affiliate and seek directions for change with new and diverse perspectives."

Regarding 'Vision 2030,' which set a sales target of 40 trillion won, Chairman Chung said, "It is not a fixed plan but a process of continuously revising and supplementing to achieve the goal," and "By redesigning plans considering various possibilities, we can encounter new growth opportunities." He also urged innovation centered on the value of customers and client companies.

He stated, "The expectations of customers and client companies are increasingly high, and partner companies are also facing many difficulties," emphasizing, "We must find solutions to create 'new value' by utilizing cooperation among affiliates as well as various external networks." He continued, "Since innovation comes from small differences in thinking, leaders must create an environment where members can freely present new and diverse ideas and participate in the process together."

Meanwhile, Hyundai Department Store Group plans to hold an online opening ceremony on the first working day of the new year, February 2, for about 15,000 executives and employees to share Chairman Chung's New Year's message.

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