Hyundai Corporation posted the highest earnings in its history last year and is expected to sustain its growth momentum in the first quarter of this year fueled by significant growth in steel and auto parts.
This is the message that Hyundai Corporation Group Chairman Chung Mong-hyuck delivered as he pushed ahead with his scheme to revamp the position classification system. According to a Hyundai Corporation (HC) official, Chairman Chung highlighted the removal of the seniority system to focus instead on rewarding employees based on capabilities as he initiated reorganizing HC’s position classification system on the 1st of March.
Sleep solutions provider Anssil (CEO Song Beom-geun) has decided to cooperate with Hyundai Corporation Holdings to promote international business.
Hyundai Corporation (HC) has decided to put more emphasis on business development to break away from its existing trading-centered business structure. To develop into an investment-oriented trading firm, HC is seeking investment opportunities at home and abroad not only for trading but also for completely new business spheres.
“Whenever I leave the office after finishing my work and locking the door, I promise myself that I will fulfill my duties successfully with the mind that it’s my own business. Whenever I encounter business difficulties, I remind myself of the famous words of Hyundai Group’s founder and late Chairman Chung Ju-Yung, ‘Have you ever tried that?’”