Liquidity crisis that started in the USA from the late 2000s led to long-term depression of the world economy such as world financial market contraction and decline of global real economy. As a result, world leading companies go through difficulties. However, even in this difficult time, we STX Development created a momentum of challenge transforming a crisis into an opportunity by performing outstanding projects of overseas construction, securing exceptional technology and a wealth of construction achievements in company with union of all staff members. As the saying goes, “After a storm comes a calm,” we capitalize on crisis to seek opportunities sparing no effort to let the world know of our potentials.
Under the management goal of “Rebuild the Value for Vision 2030,” we have participated in construction of new landmarks and large-scale development projects such as head office building of Federation of Korean Industries, mixed-use development of Busan International Finance Center, Han River Floating Island, OSTT Onsan Tank Terminal, Iraq Diesel Power Plant, and STX Dalian Shipbuilding and Marine General Production Base. Based on our abundant construction performance and invaluable experience in technology, we will keep expanding new high-class apartment building brands and creating consumer-centered innovated housing culture. Beyond the boundary of domestic market, based on our global network linked in Asia, the Middle East, Oceania and Africa, we will actively carry out projects to win more overseas contracts and prove excellent competency in national key industry such as road, port and railroad.
We will complement the existing growth strategies to accomplish orders of 4 trillion won by 2030, the
sum that doubles the orders of 2 trillion won of 2020. Thus, for our goal of sale and operating gains,
we will do our best to incessantly conduct technology development, establish the optimal processes,
raise financial solvency and construct key growth competencies.
To this end, we will carry out the following plans. Firstly, it is to secure competitiveness of production
cost and quality. We will focus on improvement of profitability and quality for customer satisfaction by
enhancing quality of operation innovation activities. Secondly, it is to develop future technology to
secure differentiated competiveness. By way of R&D investment that had been insufficient, it is vital to
make a ceaseless effort to bridge the gap of technology that had widened from the leading
enterprises. For the production cost, we will secure the price premium equivalent to that of leading
enterprises to concentrate on medium-and long-term development projects in preparation for
expansion of technology and market. Thirdly, it is to establish infrastructure for innovative field
management to strengthen competitiveness. We will put top priority on internal/ external customer
satisfaction by securing workforce to implement global strategies, achieving work process
advancement, reinforcing high-competency workforce and innovating business network systems. We
sincerely promise to return loyal support of our customers by maximizing the company value and
prioritizing customer satisfaction after accomplishing our mission of the great journey towards the
world.
