Vice chair of Lotte inspires with gloom and doom

Home > Business > Industry

print dictionary print

Vice chair of Lotte inspires with gloom and doom

All Lotte affiliates should operate with a sense of urgency, Lotte Corporation Vice Chairman Hwang Kag-gyu said during the group’s annual management session on Wednesday.

Carry on with a sense of crisis and take pre-emptive action, he told them, according to a statement released Thursday.

The session was attended by Lotte Group Chairman Shin Dong-bin, executives and chief executive officers of related companies.

“Thoroughly analyze the appropriateness of investment before execution, and set an example to employees by boosting the management of the budget,” said Hwang at the meeting. Hwang also highlighted the importance of “thoroughly preparing for the possibility of a foreign exchange liquidity crisis in the future.”

“Please refrain from establishing rosy plans that don’t match the reality,” Hwang added.

“Build clear and challenging goals, and please achieve them through revolution.”

He also requested “elastic management” of business.

BY JIN MIN-JI [jin.minji@joongang.co.kr]

More in Industry

SK Telcom merges two security services subsidiaries

KDB requests sit-down with Asiana unions about takeover

Are you Taycan to me?

Facebook hit with $6 million penalty for customer data leak

Spinoff to give LG chairman's uncle his own conglomerate

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now