Town hall meeting for employees… “Jung Joo-young and Jung Mong-gu should learn’credit'”
On the 16th, Hyundai Motor Group Chairman Eui-sun Eui-seon emphasized quality improvement repeatedly, saying, “It is very important to agree that quality problems are everyone’s problem.”
Regarding the issue of incentive compensation within the group, he promised to take more accurate and thorough compensation of incentives and personnel, saying, “I learned that the existing compensation and communication methods did not follow the eye level of all employees.”
Chairman Jeong made this announcement by holding a town hall meeting for the group’s employees at the Yangjae-dong office building library on the afternoon.
The second town hall meeting since October 2019 was held by Chairman Chung, who appeared in a navy cardigan, beige cotton pants, and gray sneakers, answering prior questions from employees. It was broadcast live through.
Chairman Chung said, “It is important to quickly invest in areas such as autonomous driving, hydrogen fuel cells, urban aviation mobility (UAM), and robotics that we do now, and to take the lead in technology development.” UAM, robotics, hydrogen fuel cells, and electric vehicles are expected to produce results in the future.”
He added, “Because Ioniq 5 based on E-GMP in the electric vehicle market is released and EV6 is also released from Kia, I think that if such parts produce tangible results, we can prepare for the future with more confidence.”
When asked about the commercialization of Robotics and UAM, Chairman Chung predicted that “the phone will disappear and I will always carry robotics with me,” and “I think I will play the role of a secretary in any form, whether it is a robot or a humanoid.”
He also predicted that “UAM will solve a lot of needs (demands) for our movement in the future.”
Regarding the opinion that the incentive payment standard is necessary, he said, “It is important to evaluate performance fairly and transparently and reflect it in compensation or promotion.” .
“I think it’s most important to change quickly if there is a problem and create an environment where employees can work their best,” he said. “There will be changes in performance and rewards within this year.”
Chairman Chung added, “It is true that profitability has not improved in the last 10 years,” he added. “Since it turned around from the second half of last year, profitability is expected to improve a lot this year.
Regarding the opinion that proactive response to quality-related rumors or misunderstandings raised through YouTube and blogs is necessary, “we have to accept anything that helps us, and we do not need pride in it.” “If you provide perfect quality services and products, those rumors will naturally decrease.”
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 Chung said, “I think that credit was the most important thing (founder Joo-young Chung) kept.” I think that’s not 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.”
/yunhap news