South Korea’s HHI has set a 2016 sales target of KRW21.94trn ($18.53bn) and new order target of $19.5bn, as the company struggles with losses and restructuring in a tough shipbuilding and offshore market. Kwon Oh-gap, president and ceo of HHI, said in his New Year’s address that apart from the seemingly “lofty” sales and new order targets, the group would also need to re-establish a stronger management and continue to secure technological prowess.
