[New Year's Message] Chung Ji-sun, Chairman of Hyundai Department Store Group, "We Must Trust and Help Each Other to Overcome Waves of Change"

Eulsa Year New Year's Message Announcement
"Success Begins with Action, Expands through Diverse Collaboration"

Jung Ji-sun, Chairman of Hyundai Department Store Group, said on the 1st, "Just as growth begins with action, expands through diverse cooperation, and is completed by mutual empathy, let us trust and help each other and move forward vigorously to face the waves of change together."

Jung Ji-sun, Chairman of Hyundai Department Store Group. Photo by Hyundai Department Store

In his New Year's message for the Year of the Eulsa (乙巳), Chairman Jung emphasized, "For our group to continue growing, it is important to actively practice new attempts that respond to changes in customers, markets, and the business ecosystem, while continuously creating drivers of growth."

He also said, "We must break away from conventional ways of working, find and apply better methods to respond to change, and create new opportunities. New attempts require the effort to abandon familiarity and bring fear of failure, but only by going through such growing pains can we achieve success."

He added, "We have created numerous large and small success cases leading the market by providing differentiated value through new changes in existing business strategies according to market changes. Let us confidently continue to build differentiated competitiveness in our existing businesses."

He also urged to accelerate the promotion of new businesses to secure future growth opportunities. Chairman Jung said, "CEOs and executives of each company must once again recognize that preparing for future growth is their greatest responsibility, and they should proactively lead new businesses based on diverse opinion gathering and swift decision-making. With active leadership from management, the speed of strategy implementation will increase, and visions that once seemed distant will become realities."

Chairman Jung further stated, "It is important for employees to prioritize customer-centric thinking and stakeholder trust, and actively practice new attempts through smooth cooperation with various external partners to respond to market changes. Let us create an emergent organizational culture where members trust the company and place personal and company growth on the same level, enabling deeper engagement in work."

Meanwhile, Hyundai Department Store Group will hold an online opening ceremony on the first working day of the new year, January 2nd, for about 15,000 employees across all group affiliates. The ceremony will be conducted non-face-to-face through the company’s online and mobile groupware (work management program) to accommodate employees familiar with digital content. Chairman Jung’s New Year message will be shared with group employees using images and motion graphics.