S-OIL’s new year mountain climbing “Happiness to Customers, Hope to Society”

- CEO Subaey practices “management by walking around” while climbing Mt. Cheonggye with about 300 officers and employees including 30 new employees.
- At Mt. Cheonggye, S-OIL officers and employees pledge to increase corporate value based on mutual trust and cooperation.

Amid continued uncertainty over the economic outlook, S-OIL Corporation pledged to overcome the crisis through “management by walking around (MBWA).”

On Jan. 23, S-OIL’s CEO Ahmed A. Subaey and some 300 officers and employees climbed Mt. Cheonggye on the occasion of the New Year and pledged commitment to the company’s sustainable growth. Shouting the slogan “Happiness to Customers, Hope to Society” together at the top of the mountain, they said in unison that they would increase corporate value based on mutual trust and cooperation in order to make S-OIL a more respected global company.

CEO Subaey said, “This year, our investments will be concentrated on the Onsan Refinery expansion project, which is our core business project to create a new growth engine for the future.” And he asked the officers and employees to make a concerted effort to expand the petrochemical business at the right time, diversify a business portfolio, and thus build a foundation for future profit generation. The Onsan Refinery expansion project is a large-scale project to construct a high value-added petrochemical plant with a total investment of 1.4 trillion won.

The S-OIL CEO added, “This year is the year of the tiger. Let’s work hard with the spirit of the tiger and praise and encourage each other, and then make this year the one that we achieve the goal of profitable, sustainable growth.”

Meanwhile, about 30 new employees who joined S-OIL this year also climbed Mt. Cheonggye, having useful conversations with their seniors.