Hyosung Chairman Cho Hyun-joon ordered each division to prepare a contingency plan.
During the New Year's address at the 2025 New Year's ceremony held at the Hyosung headquarters in Mapo District, Seoul, Chairman Cho said, "We are standing on thin ice where not a single mistake can be tolerated right now."
Chairman Cho noted that facing a life-and-death crisis, we must unite all our strength to turn the current crisis into an opportunity. He pointed to communication as a solution to overcoming the crisis, stating, "We must break down walls between each other, build trust, and create a cooperative organization through communication." He added, "Through sincere listening, we must understand each other’s concerns, share our thoughts, and build strong teamwork."
Chairman Cho also emphasized that the meeting culture must change. He stated, "Meetings should not be just formal sessions that repeat one-sided directives and reports, but should be a platform where broad and diverse information and opinions can be freely shared to find the optimal solution."