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SK Group Chairman Chey Tae-won speaks to newly appointed company executives during the "2023 Conversation with New Executives" held at the Grand Walkerhill hotel in Seoul on Feb. 3. Courtesy of SK Group |
By Kim Hyun-bin
SK Group Chairman Chey Tae-won called on newly-appointed executives at the conglomerate to diversify their organizational composition to improve production efficiency.
"Organizations with diversity have 20 percent to 30 percent higher production efficiency," Chey said during the "2023 Conversation with New Executives" held at the Grand Walkerhill hotel in Seoul on Feb. 3. "Global companies are respecting and accepting diversity."
SK Group has held the event annually where new executives get a chance to meet the chairman. It was held online from 2020 due to the COVID-19 pandemic, but took place offline this year with around 140 new executives of SK Group and affiliates taking part.
"The ratio of women among new executives in 2023 is about 7 percent, and all of them are of Korean nationality," he said. "In terms of diversity, this is something we need to think about further. New executives need to change themselves, accept diversity and look for new businesses beyond the existing stereotypes."
Chey also emphasized that communication and management systems are necessary to form and maintain good relationships.
"The most important thing to do is to build relationships. We must solidify relationships with stakeholders based on trust and data," the chairman said.
Chey also discussed the company's strategy of responding to geopolitical issues and the leadership capabilities that executives should possess and cited concerns about the management environment.
"As decoupling is expected to intensify in industries in the future, we need to understand the current business situation and respond to it by establishing a strategy according to the scenario planned. We must turn threats into opportunities through supply chain management and market expansion," he stressed.