Jang In-seop, CEO of Hitejinro, said on the 26th that the company is pursuing a strategy of finding growth potential in revenue-focused management, global markets, and future new business fields to cultivate new businesses.
In greetings at the 74th annual general meeting of shareholders held on the day, Jang stated accordingly that Hitejinro is actively seeking opportunities to secure growth engines and continuing efforts to leap forward as corporations capable of sustainable growth.
Jang added that this year the company will ensure that preemptive and precise market responses, internal management efficiency, and organizational capability reinforcement lead to enhancing long-term corporate value.
He said the company will pioneer global markets based on the brand trust and quality competitiveness built in the domestic market so it can deliver strong results overseas, and added, going forward it will continue a sustainable growth strategy that puts consumer trust as the top value and does not sway with short-term volatility. The company will repay shareholder trust through transparent communication and principled management.
He expressed regret about last year's results. Hitejinro's sales last year were 2.4986 trillion won, down from 2.5992 trillion won a year earlier. Operating profit fell 17.2%, from 208.1 billion won in 2024 to 172.3 billion won last year.
Jang said that last year the company worked to strengthen its fundamentals and secure financial soundness through expense reductions and structural improvements to reinforce its long-term management base, and assessed that uncertainty increased due to the global economic slowdown, the slump in the liquor market, weakened consumption, and intensified competition, resulting in somewhat disappointing results.
At the shareholders meeting on the day, a proposal to amend the articles of incorporation to adopt a cumulative voting system was voted down because the special resolution requirements were not met after applying a rule limiting voting rights exceeding 3%. However, the remaining agenda items, including approval of the financial statements, partial amendments to the articles of incorporation, appointment of an outside director to serve as an audit committee member, and approval of the directors' remuneration limit, were approved as originally proposed.