Park Jin-soo, vice chairman of LG Chem and GM Kim, president of SK Innovation, who had the most impressive performances in SK Group and LG Group in the first quarter of this year, did not settle for success but emphasized innovation for future growth.
Expectations for immediate growth are the dimension for ensuring the foundation of sustainable growth and guard against pride.
Park Jin-soo, vice chairman of LG Chem, encouraged the company to record the first-quarter performance at its employees' meeting held at the Yeouido Twin Tower Underground Auditorium on the 26th. In the first quarter of this year, LG Chem posted sales of W6.4867 trillion and operating profit of W79.69 billion, up by 33.1% and 74.1%, respectively.
Vice Chairman Park said, "The first sales of 6 trillion won in the first quarter of this year was the result of the best efforts of all employees to achieve the goal." He said, We need to strengthen our constitution so that we can grow. "
We proposed 'balloon theory' as an innovation plan. The balloon Ron should improve his or her own ability to survive in any environment through improvement of the constitution.
Park said, "In order to be a balloon that can float in the sky forever regardless of the external environment, we must have a constitution that allows us to breathe whenever we can by ourselves." LG Chem is growing with our own strength in any environment. We will start new business development such as bio and R & D investment of 1 trillion won from this year so that we can create it. "
Kim Joon, CEO of SK Innovation, which recorded the highest earnings in the oil refining industry last year, emphasized bold innovation based on the "Deep change" emphasized by SK Group chairman Choi Tae-won.
SK Innovation has succeeded in acquiring Dow Chemical 's Ekrile Acrylic Acid Business (EAA) through its subsidiary, SK Chemical, and increased its production capacity more than two times by adding an additional battery battery production facility. In this investment, SK Innovation posted operating profit of KRW 1.43 trillion in the first quarter on the back of strong non-petrochemicals such as chemicals and lubricants.
"The results of the first quarter are the result of strengthening the cost competitiveness and improving the scale of the chemical and lubricant business by forecasting oil prices and optimizing operations based on balanced business portfolio such as petroleum, chemical, lubricant and oil development," said Kim. · We have escaped the petroleum-based business structure by cultivating the lubricant oil, electric automobile battery, and information and electronic materials. "
He added, "We will continue to improve our fundamentals at the level of deep change and to implement bold investment and growth options." Through this, we will achieve a firm value of 30 trillion won as a truly energy and chemical company. "
Daily Financial Economy News FNTIMES - Unauthorized Reproduction, Copying, Distribution Prohibited for Commercial Purposes
Copyright ⓒ Korea Financial Newspaper & FNTIMES.com
