SNT Group Chairman Choi Pyung-kyu: "This Year Is a Battle for Export Price Competitiveness"

“Calm and Steady as a Mountain Posture, Creating a New History with Humility and Consideration”

Concerns over Declining Growth Momentum and Negative Growth in New Year's Address

"We must secure 'export prices' in the global survival competition."

On the 3rd, Choi Pyeong-gyu, Chairman of SNT Group, pointed out the rapidly declining national growth engine in this year's New Year's address.

Chairman Choi said, "The growth engine of the Republic of Korea is rapidly declining, and with low birth rates and aging progressing quickly, concerns about negative growth are increasing," raising a serious issue.

He also diagnosed, "As young people increasingly avoid employment in manufacturing and local companies, the manufacturing base is shaking, and the stagnation of national economic growth is deepening."

He continued, "The reality for companies is being driven into an endless global survival competition," adding, "Securing export price competitiveness for survival is especially important."

Chairman Choi emphasized, "Nevertheless, we must prepare for the future without wavering and continue sustainable growth."

He clearly outlined the direction, saying, "We must reorganize into a future-oriented organization and workforce structure that fits the changing management environment, and further devote ourselves to core technology R&D and global technology marketing in SNT's core competencies: eco-friendly petrochemical and power plant businesses, cutting-edge defense industry, and ultra-precision automotive parts business."

At the same time, he stressed the need to enhance sustainability through nurturing local talent and strengthening communication with the younger generation.

Following last year, Chairman Choi Pyeong-gyu once again urged to proceed in 2024 with the attitude of "Jeongjungyeosan (靜重如山)"?"calm and heavy like a mountain."

Chairman Choi said, "Let us wisely overcome the era of the Perfect Storm's Great Reset by acting quietly and heavily like a mountain, without blindly following others or acting rashly."

He also hoped, "With the attitude of Jeongjungyeosan and always with humility and consideration, realize our unique customer value, gain an advantage in global market competition, and create a new history for SNT's 45 years since its founding."

Chairman Choi Pyeong-gyu of SNT Group.

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