Chung said that the group will focus itself on enhancing product competitiveness and satisfying customer demand through more investment. (image: Hyundai Motor Group)
SEOUL, March 13 (Korea Bizwire) – Hyundai Motor Group Chairman Chung Mong-koo said Friday that the nation’s largest automaker will push to enhance product competitiveness by expanding investment this year amid fierce competition from foreign brands and growing uncertainty at home and abroad.
In his greeting to investors ahead of a general meeting of shareholders, Chung said that geopolitical risks are increasing among emerging countries, while low growth and low inflation trends are spreading across the world, which make it more difficult to predict the future market direction.
Chung said that the group will focus itself on enhancing product competitiveness and satisfying customer demand through more investment, which is needed to help it emerge as a global leading company.
He also promised to keep investing in research and development to secure core technology for eco-friendly cars and seek to hire talented workers and expand cooperation with academia.
(Yonhap)
