Hyundai Motor Group Executive Chair Euisun Chung Outlines 2025 Vision Driven by Commitment to Innovation, Overcoming Challenges, and Creating Opportunities in New Year's Message
Rhea-AI Summary
Hyundai Motor Group held its annual New Year's Address at Hyundai Motorstudio Goyang, where Executive Chair Euisun Chung outlined the Group's 2025 vision. The event featured a new roundtable format to facilitate in-depth dialogue about the global business environment and strategic direction.
Chung emphasized the importance of facing both predictable and unexpected challenges through thorough preparation and fundamental capabilities. He highlighted that innovation is in the Group's DNA and stressed the significance of embracing change to overcome difficulties. A notable development was the appointment of José Muñoz as Hyundai Motor's first non-Korean CEO, demonstrating the company's commitment to creating a global culture where talent can thrive regardless of background.
The Group plans to focus on strategic investments in core business areas and strengthen collaboration with partners while maintaining an emphasis on innovation and technological development.
Positive
- Appointment of first non-Korean CEO signals global expansion and diversity in leadership
- Strong performance reported for previous year
- Strategic focus on core business investments and partnerships
Negative
- None.
News Market Reaction
On the day this news was published, HYMTF gained 7.35%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
- Hyundai Motor Group celebrates New Year at Hyundai Motorstudio Goyang, emphasizing open communication with employees at flagship space
... Executive Chair Euisun Chung highlights the need to face challenges head on at 2025 New Year's Remarks, strengthening the Group's vision
... Key HMG executives held 'roundtable', discussing the future global business environment and the Group's vision following questions from employees - Executive Chair Chung underscores the need for perspective in facing difficulty, emphasizing innovation and overcoming challenges is part of the Group's DNA
... Preparation and fundamental capabilities are key Hyundai Motor Group assets to help navigate and embrace change
... Agile responses to unexpected challenges through flexible processes and a culture of unified action to achieve collective goals - Open culture where talent can thrive and teamwork is further strengthened to underscore the Group's resilience and focus on opportunities for growth
... Ensuring an environment where creative and enthusiastic individuals can demonstrate their capabilities to the fullest
... Investment in key business areas and strategic collaboration with partners
SEOUL, South Korea, Jan. 6, 2025 /PRNewswire/ -- Hyundai Motor Group (the Group) today held its annual New Year's Address, with Executive Chair Euisun Chung outlining the Group's focus for 2025: overcoming challenges through a commitment to innovation, embracing change, and further strengthening teamwork.
Held at Hyundai Motorstudio Goyang, near Seoul, this year's event adopted a new format to drive in-depth dialogue among attendees, discussing the global business environment for the year ahead and the Group's strategic direction.
Executive Chair Chung began by thanking Hyundai Motor Group employees around the world. "We achieved a lot last year," he said. "These achievements were the result of your tireless efforts to deliver the quality, trust and experience our customers expect. I extend my deepest gratitude to you all."
He continued by emphasizing the importance of facing both internal and external challenges over the year ahead, as well as the potential for global growth across the Group's operations by overcoming adversity through its commitment to innovation, further strengthening teamwork, and a proactive approach to creating future opportunities.
"Innovation is in Hyundai Motor Group's DNA. If we continue to embrace change and pursue innovation, we can overcome any test or difficulty we may face," said Executive Chair Chung.
Executive Chair Chung also reinforced Hyundai Motor Group's resilience and its ability to further strengthen its position as a global mobility leader by looking for opportunities in every challenge.
"There is no need to be intimidated by uncertainties ahead. Without challenges, we risk becoming complacent, which presents a bigger danger. We cannot assume success in 2025 simply because of our strong performance last year. But we should also not be pessimistic as a defensive mindset can stifle innovation. Challenges can sharpen awareness and drive action – Hyundai Motor Group has successfully navigated challenges in the past and emerged stronger. We will do the same again."
Addressing challenges and creating opportunities
Executive Chair Chung categorized two types of challenges the Group is facing – 'predictable' and 'unexpected' – and outlined strategies for overcoming both.
He stressed that thorough preparation is key in overcoming predictable challenges, adding that "It's not simply about eliminating risks, but about a comprehensive understanding of the background, context, and historical trends to create opportunities for future growth."
Chung continued by highlighting the importance of fundamental capabilities as a key factor in addressing unexpected challenges, including flexible and open processes, a culture of objective analysis and agile response, and continuous, unified action to achieve the Group's shared goals.
With the appointment of José Muñoz as Hyundai Motor's first non-Korean CEO, Executive Chair Chung emphasized this milestone as "a clear expression of our commitment to innovation", reiterating the Group's dedication to creating a global culture where talented individuals are recognized and can thrive regardless of their nationality, gender, seniority or background.
Executive Chair Chung closed the Group's 2025 New Year's Address by highlighting that "We must expand our strong commitment to innovation," linking leadership in industrial change and technological development, strategic investment in core areas for the Group, and collaboration with other partners when necessary.
"Our greatest asset is our people. Their talent and resilience mean we do not retreat when we face adversity – we innovate," said Executive Chair Chung, closing the roundtable. "We embrace challenges as opportunities to grow stronger and to shape a brighter, more sustainable future. We will continue to work together in 2025 to further strengthen Hyundai Motor Group's collective vision."
More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com
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