Employees were briefed by Doosan Infracore President Choe Sung-chul at Incheon on August 16th and Changwon on the 17th, while Doosan Infracore Strategic Planning Division President Kim Yong-sung led the briefing at the Seoul Head Office on the 22nd. The agenda included the business results for the first half of the year and future plans for Doosan Infracore. The message from the two CEOs can be summed up as follows:
  "We managed to overcome a strong Korean Won and sluggish domestic market. Our global sales were up; our operational innovations cut production costs and we successfully hedged against currency exchange risks. These combined factors brought first half sales to over W1.55 trillion and operating income to W145.3 billion.
  You are commended for your hard work, which has allowed us to surpass our original performance targets. Let's meet our second half goals and set a new performance record, making 2006 our first year ever to achieve W300 billion in operating income. Amicable labor-management relations will be critical for this to happen, so you are being asked to perform at your best in an atmosphere of mutual trust.
  We expect some adverse conditions in the second half such as continued high oil prices and a slow construction equipment market in the US. Recovery of the domestic construction market is also delayed. In response, let's all take part in ongoing innovation and quality improvement activities to raise competitiveness." Exchange rate risk management has become a key issue for the company as late. The CEOs had this to say on the subject:
  "Our revenue structure is vulnerable to exchange rate fluctuations. However, we have formed an organizational unit and exchange rate management system to predict exchange rate movement with precision. We will also adopt a new production system as part of plans to implement more fundamental cost-cutting measures."