On the 26th, Chief Executive Hwang Seong-man of OTOKI said, "Although uncertainty is expected to persist this year due to geopolitical risks and cost pressures, we plan to continue steady growth by strengthening product competitiveness with quality and safety as the top priority, expanding in global markets, and responding to trends in the domestic market."
Hwang said this about OTOKI's vision for this year at the 55th regular shareholders meeting held at the OTOKI Central Research Institute in Anyang, Gyeonggi Province, saying, "We will continue to pursue a balanced approach to enhancing shareholder value and the corporations' medium- to long-term growth."
Hwang added, "Last year presented a difficult environment as internal and external uncertainties persisted, including a global economic slowdown, high interest rates, high inflation, and a stronger exchange rate, but we maintained growth through expanding new products, strengthening domestic and overseas sales, and efforts to reduce costs," noting, "In particular, in global markets, we expanded our global presence through the Jin Ramen global campaign, participation in major overseas food exhibitions, and entry into new markets based on halal certification," as he described last year's situation.
He continued, "We are also continuing efforts to invest in production and logistics infrastructure and to strengthen brand competitiveness," and added, "We are not only expanding the use of domestically grown agricultural products but also working on sustainable management through cooperation with local communities and social contribution activities."
Meanwhile, at the shareholders meeting that day, the agenda items, including ▲ approval of financial statements ▲ amendments to the articles of incorporation ▲ appointment of directors and audit committee members ▲ approval of the limit on directors' compensation, were all approved as originally proposed.