"We will establish a foothold in regions such as the Middle East and South America, where we have not previously expanded, to broaden our growth opportunities."
Im Jeong-bae, CEO of Daesang, noted during the company's regular shareholders' meeting held in Jongno, Seoul, on the morning of the 27th, that they would diversify their portfolio into overseas markets with significant growth potential, citing the Middle East and South America.
He added, "In the institutional sector of materials, we will shift from our current focus on volume-based products to a technology-driven specialty solutions business to drive growth."
This year, the company showed its commitment to actively adopting artificial intelligence (AI) technology.
Im stated, "Daesang aims to transcend being a company that simply supplies products by continuously pursuing the acquisition of core technologies and the advancement of manufacturing technologies to reinvent itself as a technology-based innovation corporation," adding that they will strengthen Smart Lab research and development capabilities and introduce external technologies through strategic mergers and acquisitions with companies that possess excellent technologies.
Daesang recorded an operating profit of 182 billion won on a consolidated basis last year, an increase of 47.1% compared to the previous year. During the same period, the net profit was 94.5 billion won, representing a 37.8% increase from the previous year.