Hanjin Group to Invest 3 Tln won in 2012

Chairman Cho announces 2012 management tenets

Hanjin Business Group has announced its 2012 business plan, which calls for posting 26.945 trillion won in sales and 1.364 trillion won in operating profit. The figures represent a 12.5 percent increase and a 255 percent jump over the 2011 sales target of 23.94 trillion won and the 2011 operating profit goal of 384 billion won, respectively.
The business group plans to invest 3.084 trillion won in 2012 in order to achieve this year's business goals. The group's investment levels are conservative, but the bulk of the 2012 investments 79.4 percent of the total go to the sectors related to airplanes and ships, a move designed to enhance its competitiveness as a global logistics business group.
The group unveiled its 2012 business tenets securing profitability, improving organizational operation, and enhancing productivity.
In his New Year message, Hanjin Group Chairman Cho Yang-ho said, "This year seems to be faced with internal and external hardships, so we have to join forces in securing global competitiveness through the dramatic improving of operations and innovating."
Cho set the 2012 management tenets at communicating with each other and harmony.
He said it is essential to stabilize organizational systems to cope with repeated crises and to be armed with innovative organization capabilities that can translate a crisis into opportunities. It is impossible when all from the top management to rank and file take a united stance against a crisis and work out measures to cope with it, he noted.
The essence of communication needs to be based on mutual concern, understanding and care among members, and the group should be reborn into a new body with a fast metabolism, he said.
The chairman said he also stressed the expansion of communication with customers. "We have to need proactively communication with customers to provide services tailored to meet their needs and win their hearts," he said.
The group should continue to secure new growth engines in the future, and vulnerable areas such as Central and Southern America, Africa and Central Asia have still room to develop, he said. nw

Hanjin Group Chairman Cho Yang-ho

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