The key word for management this year was `Innovation`, which was introduced by major business leaders and CEOs in 2018.

It seems that the sense of crisis is reflected in the need to `change` in order to survive and overcome bad news such as protection trade, the fourth industrial revolution, negative public opinion on business circles.

The eldest member of Samsung Electronics CEO, said, "We must go back to the beginning and change and challenge at the opening ceremony at Suwon Samsung Digital City on January 2, CEO Kim Ki-nam."

President Kim stated, "This year, the global economy is expected to become more uncertain, such as its own preference, proliferation of protectionism, and geopolitical risks. The rapid paradigm shift in the IT industry, including artificial intelligence, autonomous driving and big data, "We have proposed three management goals: a top-notch technology company that creates the future, a sustainable organizational culture, and a company that is loved by customers and society.

Chung Mong-koo, chairman of Hyundai Motors Group, presented `responsible management` as its management policy this year. Chung said, "Responsible management should respond more quickly to changes in the external environment and lead the future of the automobile industry." He added, "We will continue to invest in future core technologies, including autonomous driving, We will lead the innovation of the industry. " Following the establishment of a responsible management system for each region, securing the competitiveness of the main market and opening up new markets, expanding new car launches, strengthening investment in future core technologies, and upgrading the organic collaboration system.

Meanwhile, SK Group chairman Chey Tae-won said that the group business was still out of the old management style. At the group`s New Year`s party held at the Walker-hill Hotel in Seoul`s Gwangjang-dong, Seoul, Choi said, "We are still in a position to improve or improve our old business." "Deep change" is indispensable to sustain growth in the era of uncertain Sudden Death. "said.

It presented the three major methodologies for realizing social value last year, expansion of shared infrastructure, and global management, which were mentioned as major management innovation tasks in the past year.

LG vice chairman Koo Bon-joon emphasized the need for radical innovation in business method at the opening ceremony at LG Twin Tower in Yeouido. "The rapid evolution of the fourth Industrial Revolution and the technological convergence is fundamentally changing the competition structure between the companies," he said. "We must drastically change the existing stereotypes and fundamentally change the way we do business." He said. He also emphasized that other major groups should change for survival. GS Group chairman Huh Chang-soo said, "At the GS New Year meeting held at GS Tower in Yeoksam-dong, Seoul, only companies that have their own differentiated capabilities can lead the market beyond survival." "We need to find out what kind of business there is."

Meanwhile, Kim Seung-yeon, chairman of Hanwha Group, said, "From the advancement of the business structure, to product and technology development, to the way of working, we need to make concrete changes and achievements." "We must work hard to secure new knowledge and technical experts and cultivate talent."

There were also group leaders who emphasized the importance of digital conversion. Shin Dong-bin, chairman of Lotte Group, said, "We will make a digital transition to the whole group and respond quickly to the rapidly changing market environment and create new growth engines." Park Chungwon, chairman of Doosan Group, said, "There must be an innovative attempt through digital conversion from the way we work to finding new business opportunities."

LS Group Chairman Koo Jae-yeol, on the other hand, has decided to set the DNA for becoming the global number one in this year`s management policy. He will strengthen the capacity of overseas business, realize the performance of core businesses such as ultra-high voltage cable, and foster new technology and business related to the fourth industrial revolution by affiliates as a core task.

Chairman Son Kyung-sik of the CJ Group promoted aggressive business expansion and secured the number-one position in each business segment. Hyosung Group chairman Cho Hyun-jun emphasized the importance of responsible management, saying that they should find and solve problems themselves. In addition, due to the fact that the major corporations have been aware of recent events such as Choi Sun-sil and the authorities` tightening of regulations on `ghosts` of large corporations, trust recovery and win-win have also become major management challenges. Kim Ki-nam, president of Samsung Electronics, said, "The Company is loved by customers and society." Koo Bon-joon, vice chairman of LG Electronics, said, "The company is trusted by the people and society." Kim Seung- yeon, chairman of Hanwha Group, I must think first of all, "he said.


By Park Jung Il comja77@


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