Hyundai Construction Equipment, Hyundai Xite Solution, and Hyundai Infracore held a four-day global symposium at the Hyundai Global R&D Center and Business Building in Banpo from December 4 to 7. The symposium was attended by 133 people, including CEOs Young-cheol Cho, Dong-wook Lee, Chul-kun Choi, and Seung-hyeon Oh, as well as overseas subsidiary heads and global local hiring managers.
At the symposium, participants shared their business plans for 2024 and discussed specific implementation plans for their strategies.
In his opening remarks on December 4, Hyundai Vice Chairman Ki-seon Chung said, “We need to reflect on and validate the business strategy and market outlook of our core business segment, construction equipment. I expect that through discussion and exchange, we will be able to identify strategic issues and determine our business plans for next year.”
Subsequently, Young-cheol Cho, CEO of Hyundai Xite Solution, presented the company’s 2024 comprehensive business plan for construction equipment. In the ensuing symposium, participants discussed specific strategic topics, including integrated model development and differentiation strategy, product line expansion plans, strengthening industrial vehicle competitiveness, the smart construction equipment product roadmap, and new technology development.
Of particular note, Hyundai Construction Equipment plans to expand its Compact product line (small construction equipment) and establish a dedicated organization, as well as expand and integrate the operations of its Customizing Centers in North America and Europe.
To strengthen a sense of belonging to Hyundai and reinforce the team spirit for a Top-tier leap, 25 local hiring managers from the three construction equipment companies in seven countries, including the United States, Belgium, the Czech Republic, Norway, Indonesia, China, and India, also attended the symposium in South Korea.
In addition, 53 local hiring managers and headquarters staff from 10 countries, which account for more than 85% of the global sales of the three construction equipment companies, participated in a lively discussion on how to achieve their business goals. In order for overseas visitors to understand the company culture and the Korean environment, Hyundai’s value system was explained and a tour of the Ulsan factory was arranged.
In his speech at the symposium, Young-cheol Cho said, “I believe that now, based on stability and with internal cohesion fully consolidated, is the right time to make a strong drive. We should unite the strength of all three companies and compete in the global market with high-quality products.”
Hyundai Construction Equipment has been holding regular global symposiums since last year to share business plans with core personnel from overseas subsidiaries and jointly discuss strategic plans for achieving their goals.
Reference:
https://www.cehome.com/news/20231210/302390.shtml
