2024 SunboFamily New Year's Address
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“Let’s make 2024 the first year of cost innovation with SUNBO’s passion and spirit of challenge.”
Loving Dear SUNBO family ! Nice to meet you.
welcome the new year of 2024, we would like to express our sincere gratitude to our executives, employees, and partners for their hard work in creating business results over the past year.
The new year, Gapjinnyeon, is called the ‘Year of the Blue Dragon’ . I hope that in the new year, with the energy of the blue dragon soaring high in the sky, all members of the SUNBO family will be able to overcome the crisis well and take another leap forward.
Last year, the shipbuilding industry achieved visible results in increased orders and improved performance due to strengthened environmental regulations and increased demand for LNG ships, but at the same time, it had a difficult year due to rising raw material prices and labor shortages. Our company is also building human and material infrastructure capable of sustainable growth, including expanding research and design personnel, introducing foreign technical personnel, strengthening monitoring of the material supply chain , early stabilization of Daebul Factory , and creating a culture of coexistence and cooperation by increasing welfare budgets and expanding partner companies. We have invested a lot of effort and invested in strengthening the organization's vitality.
I hope that all members of the SUNBO family will work together to make this new year the ‘first year of cost innovation’ in which we can realize challenging management goals and growth plans based on this foundation and double our cost competitiveness . We ask you to do so.
Loving Dear SUNBO family !
the hopeful year of 2024, with new hopes and determination, and to turn the crisis into an opportunity for a new leap forward even in the current difficult and difficult business environment, we would like to set and pursue the following directions for our SUNBO Family members.
First , “Establishment of a safety, health, and environmental management system.”
Safety, health, and environment are prerequisites for sustainable management in the eco-friendly ESG era, and there can be no compromise or concession. It is time to establish a safety culture through system establishment and participation. By complying with and practicing the HSE management policy under any circumstances, management will exercise safety leadership to the fullest to ensure that safety, health, and environmental issues do not take a backseat to production efficiency and performance, the HSE team will further strengthen its expertise, and employees will engage in safety activities. Let’s actively participate and create a disaster-free production site together.
Second , “Concentration of capabilities for future growth engines.”
To ensure the success of new growth businesses such as the GAS business, the research center reorganizes its functions and roles, the sales team develops markets and sales channels related to reliquefaction, regasification, decarbonization , and WTS, and the design team improves cost competitiveness through standardization, lightweighting, and sophistication. , the quality and production team is ‘ Luxury Module’ Let all employees move in one direction to achieve future food business goals, such as securing quality competitiveness through ‘realizing a new gap’.
Third , we are a “family company based on communication and harmony.”
By activating communication between superiors, subordinates, and colleagues, and creating a family-friendly culture that helps and cares for each other, we create a 'company that people want to work for' and a 'fun and happy workplace where they want to work with their colleagues.' When we create a 'fun and happy workplace where colleagues want to work together,' the company's performance and family happiness go hand in hand . It will improve. We respect each other with courtesy, work together with our partners as partners with consideration and interest, and go to work with the mindset that “my next process is my customer,” putting our top priority on being a “people-centered company” that thinks of subsequent processes and customers first. Let’s create the company we want to become and become a business leader who is respected and loved by our families.
Loving Dear SUNBO family !
The recent increase in orders is brightening the outlook for the shipbuilding industry, but the market environment is still unfavorable to us due to rising raw material prices, aging technical personnel, the parent company's diversification of partners, and the development of its own human resources, and internal and external challenges are intensifying.
the past 37 years, is now approaching the final destination by crossing the five-year threshold to achieve LET'S GO 2025. Let us leap forward once again with SUNBO's passion and spirit of challenge so that 2024 can be a year in which past efforts are realized with concrete results.
This year will prosper, and I hope that your family will have a year full of health and happiness.
" happy new year"
January 1, 2024
SUNBO Family Chairman Geum-sik Choi