About
We introduce you to Hyundai Department Store Group
a comprehensive lifestyle and culture company that will enhance your value.
VISION 2030 established the key values and
the business directions for
Hyundai Department Store Group for the next 10 years.
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Mission·Vision
- WHY
- The Group’s purpose?
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MISSION
Bring Happiness to Customers,
Enrich the World -
VISION
A company with the highest level
of customer trust
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Business Objectives
- WHAT
- What are we seeking to
become with our
businesses?
- A company that enhances the lifestyles of customers
- A company that creates future business value
- A company that contributes to social value
- A company that grows together with its employees
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Business Strategy
- HOW
- How do we operate
our businesses?
Become an everyday companion to our customer’s life and offer better value
WITH YOUR LIFE,
BETTER YOUR LIFE- Growth Strategy for each Subsidiary
- Strategy for the Diversification of the Group’s Business
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Corporate Culture Strategy
- HOW
- What values do we pursue, and how do we approach our work?
A culture with a flexible approach to change that actively takes on new challenges
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Passion
Communication Creation Partnership
Safety Environment -
VISION 2030 TROPHY
Business Goals
Taking the new business directions in VISION 2030 as its foundation, Hyundai Department Store Group aims to double the Group’s sales to reach 40 trillion won in the next 10 years.
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- Customer
- A company that enhances the lifestyles of its customers
- Develop and recommend products/services in response
to the changing consumption patterns - Implement DT from the view of the customer,
and tap into data to offer better value
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- Company
- A company that creates future business value
- Secure a growth engine by discovering promising businesses
in consumption/lifestyle fields - Ramp up the competitiveness of the existing businesses and
modify the BM based on the view of customers
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- Community
- A company that contributes to social value
- Propose hope for the future generation
(stronger ESG management) - Develop a BM that creates public welfare and contributes
to addressing social issues
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- Co-Worker
- A company that grows together with its employees
- Introduce a performance assessment system
that is oriented towards a shared goal - Prepare an institutional foundation
for trust-based cooperation
Business Directions
Our business directions represent the Group’s determination to enhance lives of its customers across the
entire realm of
lifestyle products for clothing, food, housing, and culture, and to offer fresh and
unique experiences.
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With
your Life-
- Life
- The customer’s consumption
activities in general
(clothing, food, housing, culture)
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- With
- Identify and predict
the customer needs in response
to the changing environment
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Better
your Life-
- Value
- Unique experiences that
enhance the value of life
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- Offer
- Tap into data with creative insights
to propose new experiences
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Values to Implement
This represents how we are building a corporate culture that creates innovations based on our 4 key values: passion, communication, creation, and partnership.
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Passion
- Bold actions to initiate change
- Determination to become the best
- Acknowledgment of failure and motivation to improve
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Communication
- Free and open suggestions of ideas
- Exchanges of information and mutual feedback
- A transparent and fair assessment and compensation system
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Creation
- Strive for the best through changes and innovation
- Address inefficiencies to achieve a good work-life balance
- Use creative insights to focus on the customer needs
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Partnership
- Achieve common goals
- Oriented towards a trust-based community
- Act with principles and standards
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Safety
- Promoting the safety awarness of all members based on sense of responsibility
- Safety improvement by actively identifying the risk factors
- The implementation of a safe working environment
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Environment
- The implementation of eco-friendly management values throughout the business process
- The implementation of eco-friendly values that both customers and business partners agree
- Encouraging all members to practice eco-friendly activities
2030 Business Portfolio
Our goal is to achieve KRW 40 trillion in sales by 2030, by further strengthening our three key business areas(distribution, fashion, living/interiors) with promising future businesses, such as beauty, healthcare, bio, and eco-friendly products.
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Growth Strategy
for
the Existing Business- Complement the value chain
- that is subject to the changing environment Expand the relevant businesses
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Strategy
for
New Business- Enter into promising fields
that align themselves
with the Group’s business directions
- Enter into promising fields
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Lifestyle
and
Culture Company- KRW 40 trillion + α in sales
- KRW 2 trillion + α in profit
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Healthcare
Dietary supplements, medical/relaxation devices, functional bedding, healthcare foods -
Beauty
Cosmetics, inner beauty, hairdressing products, beauty care devices -
Bio
Biomaterials, biomedicine products, biomedical materials -
Eco-friendly
Air-purifying products/solutions, waste disposal, energy facilities, eco-friendly materials
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Healthcare
Health specialty grocery stores, healthcare stores, online healthcare platforms -
Senior friendly
Products for seniors (welfare devices), care services (elderly care), employment/job hunting, traveling/hobbies -
Education/entertainment
Edu-tech, media content, smart learning content, MCN -
Fulfillment
Cloud fulfillment, smart lockers, delivery services
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