Hyunjoon Cho, Chairman of Hyosung, New Year's Message: "Making Responsible Management with Accountability for Results Our Organizational Culture"

"One Hundred, One Thousand, Ten Thousand Challenges... Creating Baeknyeon Hyosung"

Cho Hyun-joon, Chairman of the Hyosung Group, presented "practicing responsible management" as a way to overcome management crises this year.

At the 2024 Hyosung Group New Year's ceremony held on the 2nd at Hyosung headquarters in Mapo-gu, Seoul, Chairman Cho stated, "Let us firmly establish responsible management as an organizational culture, where every member accomplishes what they have committed to and takes responsibility for the results."

Chairman Cho emphasized a change in communication methods as another goal to be responsibly achieved this year. He said, "Internal communication is important for responsible management," adding, "Let us overcome the crisis through honest and close communication, not one-sided instructions."

This sense of urgency stems from the increasing uncertainty in the global economy, where competitors are threatening in all areas including price, quality, and technological level.

Cho Hyun-joon, Chairman of Hyosung Group. Photo by Hyosung

Chairman Cho urged employees to heighten their awareness of the crisis, saying, "If we become complacent with reality, it is only a matter of time before we fall behind," and emphasized, "We must thoroughly study and analyze the market and competitors."

He added, "We grow more through failure than success. Only when we constantly challenge ourselves without fearing failure can we truly taste success," and encouraged the practice of responsible management by saying, "I hope Hyosung employees become those who, with strong conviction and urgency, take on challenges a hundred, a thousand, or ten thousand times to accomplish what they have committed to."

Finally, he encouraged, "I believe in our potential and the DNA to overcome crises," and said, "Even if difficult and challenging moments come this year, let us help and cooperate with each other to overcome them, creating a historic page in building Hyosung as a century-old company."

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