Hyundai Motor Group Chairman Chung Mong-koo declared the preparation for future growth as his group’s business goal for this year.
“In spite of the harsh business environment, we could accomplish a satisfactory result last year, but the competition is sure to be more intense this year as the low growth trend lingers on, and industrial changes based on technological convergence will lead to greater uncertainties,” he said, adding, “We need to further enhance our strength across all fields to set the stage for future growth, while innovating our global management for a more efficient and dynamic organizational structure.” The Chairman continued to emphasize, “At the same time, we will further systematize our long-term growth strategies and focus more on the development of innovative products and advanced technologies so as to create new growth engines.”
He suggested the global sales volume goal of 7.86 million units for next year and asked all of his employees to do their utmost to achieve the goal with a new mindset and resolution.
The Chairman mentioned the significance of new growth opportunities in the steel and construction industries, too. “In the steel sector, we need to come up with even lighter yet more robust new materials such as high-strength steel sheets and special steel products so that our vehicles’ quality can be enhanced. And, the construction business unit will have to develop innovative new methods and beef up its competitiveness in the environmental and energy sectors.”