Doosan Group Chairman Park Jeong-won suggested expanding market share, maximizing profitability, growing new businesses and commercializing digital conversion performance as tasks that should be focused on this year.
"New challenges such as the rapid spread of AI and 5G are looming amid the expected slowdown in the advance market and China’s growth, and lingering geopolitical uncertainties such as the U.S.-China trade dispute and Brexit," Park said in his New Year’s address on Jan. 1.
"Although this is an era of hard-to-foresee, we need to look forward as much as possible and preemptively as possible," he said.
With this year’s projects for practice, Park suggested expanding market share, maximizing profitability, full-fledged growth of new businesses and commercializing the results of digital conversion. "We need to focus on bringing more pies as competition in the main market is expected to get fiercer," Park said.
He also urged the staff to work hard to develop new businesses in earnest. Currently, Doosan Group is investing in various new businesses, including fuel cells, cooperative robots and electronic materials.
"We should jump in hydrogen-related businesses from the initial standard competition stage of each country to preempt the market, and we should expand the cooperative robot business to logistics and service industries," Park said.
Park stressed the need to speed up the pace of linking the results of the digital conversion work to business results.
Noting that there have been significant achievements in the digital transformation tasks such as the "comprehensive control system for unmanned automation construction sites" of the company, Park said, "Let's work hard to advance the future shape we will present at this year's CES."
"Doosan has now become a global company against all kinds of changes in its 124 years of history," Park said, adding, "Let’s make 2020 the year during which we believe in the experiences and capabilities of Doosan’s DNA and make a strong leap forward."
