CEO Hwang Ki-young, union chief and Pyeongtaek mayor attend

Participants share operational challenges amid shifting business environment

Meeting explores cooperation to boost local economy

KGM CEO Hwang Ki-young (left), Pyeongtaek Mayor Choi Won-yong and KGM union chief Noh Cheol pose for a photo after their meeting at KGM's Pyeongtaek headquarters on Thursday. [KGM]
KGM CEO Hwang Ki-young (left), Pyeongtaek Mayor Choi Won-yong and KGM union chief Noh Cheol pose for a photo after their meeting at KGM's Pyeongtaek headquarters on Thursday. [KGM]

KG Mobility (KGM) said Monday it held talks with Pyeongtaek on ways to cooperate in adapting to the transition toward future mobility industries.

KGM hosted a meeting with city officials at its Pyeongtaek headquarters on Thursday, discussing a range of measures to strengthen the company's competitiveness and pursue shared growth with the local community.

The meeting brought together KGM CEO Hwang Ki-young, KGM union chief Noh Cheol and Pyeongtaek Mayor Choi Won-yong, along with other city officials. Participants exchanged views on expanding communication and cooperation to enhance corporate competitiveness, as well as on sustainable growth and mutual development for regional industries.

KGM shared the challenges it faces as the business environment shifts amid the transition to future mobility, and discussed ways for the company and the local community to grow together. Proposals on the table included expanding purchases of KGM vehicles as part of efforts to invigorate the local economy and deepen cooperation.

"This meeting was a meaningful occasion for the company, the union and local government to come together and think about the future of regional industry and how we can grow together," KGM CEO Hwang Ki-young said. "We will continue to build on trust and open communication to strengthen our competitiveness, while working closely with Pyeongtaek to become a company that grows alongside the community."

Pyeongtaek Mayor Choi Won-yong said the competitiveness of any industry ultimately comes from the hands of the people working on the ground. "Pyeongtaek city will actively cooperate so that KGM can build a safe and aspirational workplace while pursuing sustainable growth together with local youth, partner companies and residents," he said.

KGM said it plans to continue engaging with Pyeongtaek and other local communities and relevant organizations to strengthen cooperation aimed at revitalizing the regional economy and boosting competitiveness in the future mobility sector.

Meanwhile, KGM said it sold a total of 8,863 vehicles last month, including 2,100 units in the domestic market and 6,763 units in exports — a 29.2 percent increase from the previous month. Export sales rose on stronger demand from Turkey, Germany and Hungary, pushing monthly export volume above 6,000 units for the first time since June last year.


eyre@heraldcorp.com