Kumho Asiana Celebrates 60 Years, Sets Goals

(Akron/Tire Review – Korea Times) Corporate competitiveness is determined by speed, not by volume, Kumho Asiana Group chairman Park Sam-koo told employees this week. In his speech to celebrate the 60th anniversary of the group’s foundation at its headquarters in Seoul, Park said, “Speed is the controlling weapon in the competition among enterprises in the 21st century.’’

Calling on employees not to be complacent by performances over the past 60 years, he said Kumho Asiana should meet the changing requirements for survival in the business sector.

“To survive in the market, we should focus on core businesses for better profitability. We should seek both stability via enhancing current sectors and progress via fresh businesses,’’ Park told employees.

The 10th largest group in Korea plans to concentrate on the construction unit as a main force and foster the logistics and leisure units as the next-generation growth engine. It also projects to raise its airline and tyre units as global enterprises.

The group is also participating in a bidding to take over Daewoo Engineering & Construction.