In his New Year’s presentation, Chairman Yoo presented three management subjects for 2023, the Year of the Rabbit.

▲ Priority on the financial health

The chairman ordered to refrain from large-scale investment activities without immediate profit generation and, at the same time, carefully proceed with investment plans for future growth drivers. Also, he requested to manage external credit ratings and minimize foreign exchange losses.

▲ Securing technology to prepare for the future growth

The chairman requested aggressive investment to secure and nurture excellent R&D workforces. He emphasized preemptive R&D to anticipate market needs for the coming five to ten years and move beyond simply mass-producing customer-required products.

▲ Continued ESG management

The chairman asked to develop products responding to the eco-friendly, low-carbon policy and pursue a mid- to long-term strategy to increase the share of eco-friendly products. In addition, he ordered to fulfill social responsibilities by maintaining a stable supply chain ecosystem.

Lastly, quoting Tom Peters’ <Excellence Now>, Chairman Yoo requested that all group members stay considerate, helpful, and cooperative with each other for mutual goals and wisely overcome trials and tribulations this year.