From left: Jesang Chun, controller, ADI; Kwangmo Han, senior controller, Adient Korea; Byunggul Choi, executive director, Korea operations, Adient Korea; Reinke Bonte, executive director, Finance, Adient; James Huang, vice president, Seating Asia Pacific, Adient; Choong Yeul Park, CEO of Dongsung Corporation; Panseok Kang, director, operations, ADI; Sangdeok Han, CEO of Genewel (of Dongsung Group); Junghwan Kim, senior sales manager, ADI; Kiwoon Sung, managing director of Dongsung Corporation.
Adient’s joint venture in South Korea, Adient Dongsung Inc.(“ADI) held its biannual board meeting in mid June. Alongside discussing the business matters at hand, executives from Adient and our partner Dongsung Corporation used the occasion to celebrate the tenth anniversary of a successful partnership. Established in 2008 as Johnson Controls Dongsung Automotive Seating Co., Ltd., ADI today handles 100% of the complete seats business of Renault Samsung Motors as the automaker’s sole seating supplier in Korea.
“One of the core values for a business partnership is trust,” said Choong Yeul Park, CEO of Dongsung Corporation. “We have cultivated strong mutual trust over the past ten years through all we have been through together. I really believe in our partnership. Thank you for your efforts over the last ten years of growth.”
“Ten years ago we started out with very small operations and since then we have grown together with our customer,” said Byunggul Choi, executive director and country manager, Adient Korea. “This is just the start of what we can achieve through this partnership. I’m looking forward to continuing to collaborate closely so that we can ensure customer satisfaction, the key to long-term success."
Adient’s partner in the joint venture, Dongsung Corporation (KRX: 1022608), is a major Korean supplier of petrochemicals, fine chemicals, TPU, and composite materials. Dongsung Group, of which Dongsung Corporation is the parent company, supplies a wide range of sectors in addition to the automotive industry, from aviation and shipbuilding to medical devices and footwear.