HD Hyundai aims for W100 tril. in sales by 2030 through renewed strategies

Shipbuilding and heavy engineering conglomerate HD Hyundai set up its goal of achieving annual sales of 100 trillion won ($68 billion) by 2030 by cementing its shipbuilding arm’s global leadership and bolstering mechanical and energy businesses. According to the group, Thursday, the sales goal was set up during a group-wide strategy meeting involving HD Hyundai Chairman Chung Ki-sun and 31 other top executives of its units including HD Hyundai Heavy Industries, HD Korea Shipbuilding & Offshore Engineering and HD Hyundai Oilbank. The participants recognized that the group is in a tight global competition with China in its key businesses such as shipbuilding, construction machinery and energy. They also shared concerns about rising global protectionism across the United States, Europe and China driving countries to invest less in foreign trade and more in domestic expansion. The 100 trillion won milestone is part of the group’s long-term goals despite the pressing geopolitical conditions. The vision also includes advancing eco-friendly, digital and artificial intelligence initiativesWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times