There is a good reason why Suh Young-kil,
executive vice president for industrial plant
sales, is the right person for the job. While
he spent 18 of his 25 years at HHI overseas and
dealing with the needs and wants of global ship
buyers, he can now apply this in-depth knowledge
to the related area of industrial plant sales.
Suh firmly believes all operations must start
from the viewpoint of the customer, or in his present
position, the plant owner. ¡°One needs to step
into the shoes of the customer, and sit down in the
seat of the customer to plan the operations,¡± he
says.
The roots of Suh¡¯s corporate philosophy go
back to 1979, one year after he first entered HHI.
Barely five months into his marriage, Suh had to
leave his young bride behind to set off for the
Middle East. From there, he became manager of
HHI¡¯s Kuwait branch office, then went on to head
up the company¡¯s offices in Hong Kong, London
and Oslo. He served a second stint as chief of the
London branch from 1999, returning home once
again in October 2003, whereupon he was promoted
to executive vice president and placed in
charge of industrial plant sales.
He has a kaleidoscope of memories that span
the globe, but just a few that stand out. Suh says
one of those dates back more than 20 years ago, to
the early days of HHI. While in Kuwait, Suh was
able to conclude a major sale with United Arab
Shipping Co., for nine 1,800 TEU-class containerships.
Recalling that HHI was still a young company
then, Suh says it was considered a major coup
when the company won out over big-name
Japanese shipbuilders. He remembers the total
sales figure as being $400 million, the single
largest order in shipbuilding history at the time.
Moreover, the sale was on a cash basis.
Suh attributes the success of that sale to some
creative and costeffective
marketing
on HHI¡¯s
part. He explains
the order was not
only for ships,
but also for shipping
containers.
And, at a time
when transportation
costs were
even higher than
manufacturing
costs, HHI
worked out a plan whereby the containers would
be completed by the sister-company, Hyundai
Precision, warehoused in the shipyard, and then
loaded onto the completed ships and sent to the
owner. This dramatically cut costs and allowed
both the shipowner and HHI to benefit.
But more than anything else, Suh feels a special
pride that he was able to play a central role in
HHI¡¯s rise to become the world¡¯s leading shipbuilder.
This in turn allowed South Korea to
become the world's largest shipbuilding country.
Suh says he could literally feel the change over
the past 20 years. When he was first assigned overseas
in Kuwait, the main goal was to let overseas
shipowners know that HHI was a quality shipbuilder.
Suh says 20 years later, in his last overseas
post in London, HHI had reached a stage where
shipowners came to HHI first while still planning
their new ship purchases. Based on this heightened
recognition, Suh is proud to have achieved a
record year for shipbuilding orders in London.
According to Suh, it¡¯s all a part of playing one¡¯s
role as an industry leader, and always keeping an
eye on the needs of the customer.
The writer is a journalist based in Seoul.
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