Eui-Sun Eui, Online Meeting with Employees… “Quality should give away pride” mentions battery recall

Input 2021.03.16 17:25 | Revision 2021.03.16 18:24

Eui-Seon Hyundai Motor Company (005380)The group chairman ordered a company-wide effort, saying that the’quality issue’ is not only a specific department, but a company-wide issue. It is interpreted as a remark with the controversial Kona electric car recall in mind. In addition, Chairman Chung promised compensation according to accurate standards for the recently controversial incentive payment issue.

On the 16th, Chairman Chung answered the preliminary questions he received from executives and employees at an online town hall meeting on the theme of’Hyundai Motor Group’s Future Story.’ This is the second time since October 2019 that Chairman Chung has had time to communicate with employees through a town hall meeting.

When asked,’What do you think about the opinion that an active response to quality-related rumors or misunderstandings is necessary,’ Chairman Chung said, “I have to do well, and it is most important that the CEOs and heads of each company do well.” I’m seeing a lot of rumors through the back, but we have to accept anything that helps us. There is no need for pride.

“We have a lot of complex problems because we are a large organization and we have a lot of people. If there is a fault in the existing system, we have to fix it right away or create a new one and solve it quickly.” said.

Regarding the issue of performance compensation, he said, “I know that there have been a lot of talks about performance compensation. “He said. The average incentive for Hyundai Motor Company employees last year was 150% of management incentives and 1.2 million won in encouragement. This was lower than the previous year’s 150% incentive and 3 million won in encouragement.

Chairman Chung continued, “I also learned that the existing compensation method and communication method did not keep up with the eyes of all employees. It is expected that profitability will improve a lot this year. As the profitability increases, we will compensate accurately.” He added.

In addition, Chairman Chung also presented a vision for future mobility such as UAM and robotics. He said, “It is important to invest quickly in the areas we do now, such as autonomous driving, hydrogen fuel cells, UAM, and robotics, and to take the lead in technology development,” he said. , We are expecting that the electric vehicle sector will produce results in the future.”

Regarding the commercialization of Robotics and UAM, he said, “I think the phone will disappear and I will always carry robotics,” he said. “I’ll lift everything heavier and if I’m an elderly person, I’ll take it from the car to the bed,” he said. “While the robots are charging themselves, managing schedules, etc., we’ll do other things that are more productive and brain-intensive.

In addition, he said, “We plan to mass-produce UAM for logistics in 2026,” and predicted that “we will be able to quickly transport medicines necessary for the islands.”

Chairman Chung emphasized the importance of credit by mentioning that this year is the 20th anniversary of the death of the honorary chairman of Hyundai Group Chung Ju-young.

Chairman Jeong said, “I think it wasn’t credit that (founder Ju-young Chung) kept the most important thing.” I think that’s the only answer.” “What the honorary chairman Chung Mong-koo emphasized is quality, and that is also credit,” he added. “We must learn the spirit and make it our own.”