Hyosung Power & Industrial Systems

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A dream of becoming tomorrow’s leader
Hyosung Power and Industrial Systems’ vision is value maximization by becoming the global top energy machinery & plant solution provider. We believe that “change” must occur starting with our own internal system, people, and the way we have conducted business in the past. Hyosung has six strategies to implement “change” in order to achieve sustainable growth and become a leader in the global market.

Globalization: In order to position ourselves as a global leader, we will pursue the globalization of our business through aggressive sales growth, global M&A, and strategic partnerships with top local players in order to accelerate market penetration in targeted regions. We expect such partnerships to bring about knowledge of local markets and customer demands in addition to specific expertise.
Strengthen Global Competitiveness: Hyosung’s global competitiveness will be leveraged based on our global strategy, research and development, technology, past experiences, and accumulated know-how. By staying focused on our vision to become the top player in the energy machinery and plant solution sector, we will eliminate any and all unrelated, wasteful activities in order to situate all of our assets into our strategic mission.
Discover New Growth Markets: We will penetrate the renewable energy market as a new growth market to capture a significant market share in the renewable sector and respond to market trends which demands carbon-free, efficient energy. We expect this market to act as a driver for sustainable growth not only of our company, but also for the betterment of the world.

Global Talent Recruitment: In addition to recruiting talents who are passionate and enthusiastic, we will also develop the experience and know-how of our current staff to push for greater innovative growth. Also, employee educational programs will be strengthened, especially in the following areas: strategic execution system, leadership development, and market research and marketing.
Free Communication: Communication "wall-breaking" must be performed in order to create an organization that is transparent, invigorating, and energetic. We have and will continue to encourage all employees at all levels to think like a leader and plan, discuss, agree, and commit to their ideas. We also encourage feedback to be given and returned constructively at all levels.
Culture of Execution: We understand that the key to global leadership is through a culture of execution. Execution is a discipline and a system that is built into our company’s strategy, goal, and vision to transform our aspirations and ideas into actions and thereby making them a reality. Our organization will ensure that execution is melted down into very specific sets of behaviors of our business culture since we believe that execution must be mastered in order to obtain a competitive edge.

We believe that the mind is the most powerful competitive weapon. Nothing is impossible when the mind is focused and ready. At the core of our organization are two principles related to the mind and rooted in our culture, strategy, goals, and vision: optimism and persistence. These principles encourage innovative ideas and welcome new ways of thinking to solve problems to achieve Hyosung’s strategies and vision.

Optimism: An optimistic mindset creates new opportunities which in turn buds new strategies and techniques, resulting in a competitive edge for the company. Therefore, all employees are encouraged to perform all tasks optimistically and become a pioneer for new ideas.
Passion: We believe that having a passionate mindset is very important since it is this very characteristic that lights up success. We don’t want our staff to merely be diligent, but also be passionate about their responsibilities and duties in order to strive for perfection.

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