The First Practical Implementation Since the Introduction of the Five-Day Workweek in July 2000
SK Group is reviving the 'Saturday CEO Meeting,' where key chief executive officers (CEOs) gather on Saturdays to discuss current issues. This change comes just one month after Choi Chang-won, chairman of the SK Supex Council, took the helm.
According to business circles on the 23rd, SK has decided to change the 'Strategic Global Committee' meetings, which involve executives of the SK Supex Council, the group's highest decision-making body, and CEOs of major affiliates, from once a month on weekdays to biweekly on Saturdays.
This is the first time since the introduction of the five-day workweek in July 2000 that SK Group is reinstating Saturday meetings of the nature of a 'CEO meeting.'
Executives of the Supex Council will now autonomously decide whether to use the twice-monthly Friday off granted as part of the flexible work system. The Friday off for regular employees who are not executives will remain unchanged.
Inside and outside the group, there is speculation that this move reflects the management's intention to raise tension at the executive level, following a series of failures to achieve results in investments in the group's major new business sectors.
Earlier, SK Group Chairman Chey Tae-won urged employees in his New Year's address in January to reexamine the management system and make it a year of strengthening fundamentals, calling for an attitude of 'Haehyeon-gyeongjang' (解弦更張 ? literally, "retuning the geomungo strings").
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