Annual New Year messages by Korea's top business Groups give us deep insights into Korean global business.
For example:
Samsung's Chairman Lee notes the Group needs to stress creative management, be more flexible, and be unafraid to take risk. Moreover, the Group needs to soften its rigid organizational structure, which impedes creativity and risk-taking. Interestingly, Samsung's Chairman pointed out the Group's Korean-only senior executive model need to change...I see this as a mandate to open the ranks of Samsung's senior global management to non-Koreans. I see more Groups following this lead.
LG's Chairman Koo, in contrast, feels his Group must seek sustainability. In addition, LG will continue to stress its 1st Class management theme.
Hyundai-Kia Group Chairman Chung notes that the Group must focus on customer satisfaction and brand value more than drive car sale numbers. This is a change from Group's overarching quest for sales.
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