In his New Year’s message, President Kim Ho-bin of Korea Midland Power Co. said, “If we are a united KOMIPO through communication and harmony by respecting each other, this will be a year in which we will make a quantum jump.” The following are excerpts of President Kim’s message.
We spent last year establishing our new vision in anticipation of the stark reality of the COVID-19 pandemic, carbon neutrality and energy transition, building our strong determination and demonstrating KOMIPO’s standing in Korea and abroad with little hesitation.
This year’s management conditions are more serious. Demand for realizing social values through ESG management is on the rise.
Our company declared an ESG management vision and a comprehensive implementation plan. It also designated 100 tasks.
Meanwhile, inside and outside pressure for carbon neutrality and energy transition is now reality in the energy sector, which is our business.
Our company declared a goal of being carbon neutral by 2050, and disclosed our determination on carbon-free energies. KOMIPO has begun challenging the future by expanding renewal energies and developing blue hydrogen.
In order to nimbly and aggressively cope with rapidly changing management conditions and determine our own fate, I ask that the KOMIPO family concentrates our core capabilities to explore differentiation strengths, be armed with a sense of pride and ownership, and restore KOMIPO’s strong centripetal force.
To this end, since I took office, I have stressed the tenet “Back to the Basics.” I propose a few tasks to make a new KOMIPO substantiating fundamentals and creating future values.
First, I ask for KOMIPO to put safety first into practice in all duties. Even good performances and future design are meaningless without safety.
Safety can be secured only on a foundation of fundamentals. All executives and staff members will have to ponder how to secure safety.
Second, KOMIPO should build a companywide ESG management regime at the earliest date and spearhead its success. ESG management is a trend of the times.
KOMIPO will have to fulfill environmental and social responsibility by establishing and looking at the direction of all businesses from an ESG perspective, leading public enterprises by setting an example of transparent, fair corporate management, and establish its status as a leader which expands ESG management to its cooperative companies. Ultimately, ESG management will be a core competitive edge for KOMIPO.
Third, we have to establish a corporate culture of trust and participation based on mutual respect and ethics, and follow a tradition of integrity, ethics and fairness.
Mutual respect among staffers and caring are the most important. Mutual trust can be possible when we recognize each other’s differences and listen about the situation and communicate from the viewpoint of others.
To this end, prudent and good office etiquette is essential. Our corporate culture is based on trust, thus contributing to building competitiveness.
I express hope that dark memories such as sexual harassment will be eradicated on the basis of communication and mutual trust. Integrity, ethics and fairness are an absolute proposition regardless of age.
I call for all to inherit the transition of integrity and ethics with a track record of being designed as a top institution with integrity for the sixth consecutive year.
Fourth, we ought to build a shared growth regime with our cooperative companies and SMEs we share all the joys and sorrows. Our company has supported SMEs’ simultaneous overseas market entry since 2010.
KOMIPO has spearheaded shared growth by achieving $88 million in cumulative exports last year and making diverse efforts to reduce wage differences with cooperative companies and among large- and small-sized firms and promote welfare.
Fifth, we have to concentrate our capabilities on innovation for the future. KOMIPO should lead gasification combined cycle power plant, eco-friendly future energy technologies and renewable energies.
KOMIPO should lead core manpower and technologies in the 4th Industrial Revolution, big data and digital transformation.
It should also have an eye on the future by developing new business models in diverse areas, such as hydrogen ammonia and other carbon-free power sources, energy storage, carbon retrieval, and virtual power plants.
We need to bravely challenge the tasks at hand with a pioneering spirit, technology self-sufficiency, and capabilities we have so far accumulated.
Sixth, KOMIPO will have to nurture leaders of change and innovations through education.
Seventh, the most importing thing is that we have to focus on mutual collaboration between labor and management.
If we are a united KOMIPO through communication and harmony by respecting each other and communicating from others’ viewpoint, this will be a year in which we make a quantum jump.
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