Park Jeong-won, Doosan Group chairman./Courtesy of Doosan

Park Jeong-won, chairman of Doosan Group, emphasized, "Let's accelerate AX (AI transformation) by mobilizing our companywide capabilities."

Park said in a New Year's address released on the 1st, "Corporations that have AI-based competitiveness and those that do not will soon find themselves on completely different planes," adding, "Through a swift push for AX, let's pursue the intelligence of existing products, the creation of new business models, and portfolio expansion."

Park expressed gratitude to executives and employees for their efforts to deliver results and strengthen competitiveness in a difficult business environment, noting cases such as Doosan Enerbility recording its first order in the U.S. market with a gas turbine it developed in-house last year.

Regarding this year's business environment, Park said, "Normalization of uncertainty has taken hold, with uncertainty persisting amid trade conflicts, trade barriers, geopolitical disputes, and policy shifts in major countries," and added, "Even amid uncertainty, the sure formula for success that runs through the times is the fact that opportunity comes to those who are prepared."

Park said, "In areas such as electronic materials and gas turbines that have been recognized in the global market, let's be confident in our technology, widen the gap with competitors, and work to secure additional customers," and emphasized that the company must seize opportunities in large nuclear power plants, SMRs, and Hydrogen Fuel Cell sectors, which are drawing attention as new energy sources in the AI era.

Park also said, "If growth is difficult with existing resources alone, we must quickly prepare and execute complementary measures, including looking for opportunities externally," urging continuous review of a "non-organic growth" strategy that can create synergy with existing businesses.

He continued, "Doosan has world-class manufacturing capabilities and hardware data in areas such as power generation equipment, construction machinery, and robots, giving it strengths to lead the physical AI era," adding, "Through a swift push for AX, let's pursue not only the intelligence of existing products but also new business models and portfolio expansion."

Park added, "The experience we have accumulated while going through countless major transitions for more than a century is an asset that no one else has," and said, "Let's add a startup-like spirit of challenge to the power of Doosan's 130-year history to create a success story for a new era."

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