Daesung Industrial Gases, a company specializing in industrial gases and engineering, has changed its name to ‘DIG Air Gas Co., Ltd.’ (DIG Air Gas) and pledged to be reborn as a new company.

On the 1st, DIG Air Gas changed its name to 'DIG Air Gas Co., Ltd.' (CEO Oh Kyu-seok) and held a CI declaration ceremony. The new English company name is 'DIG Airgas'.

At the CI declaration ceremony held at the Sheraton Hotel in Sindorim-dong, Seoul, only about 10 executives, including CEO Oh Kyu-seok, attended to prevent the spread of COVID-19, while the rest of the executives and employees attended online.

The CI declaration ceremony, which began with a congratulatory video from shareholders and customers, included various contents such as a video showing the CI establishment process, CI declaration, CEO pledge, and badge and morale presentation.

A company official explained, “The new symbol of DIG Air Gas unveiled that day symbolizes the image of the repeated crossing of D’s that permeate the entire industry like the veins of a leaf, expressing an eco-friendly image and a flexible response to changing times, and symbolizes an open and harmonious corporate culture in the form of free but organized lines.”

Kim Yong-hwan, representative of Macquarie Group Korea, a shareholder, said in a video, “It is very meaningful that Daesung Industrial Gases has been reborn as DIGE Air Gas and is another start for the company to leap from being number one in Korea to a global leading company.” He added, “As a leader in the global asset management industry, Macquarie prioritizes the continuous growth of the companies in which it has invested, and in addition to the new name and logo, we will continue to support and boldly invest so that the company and its employees can acquire a global mindset and competitiveness.”

Next, as clients, Chairman Sim Seung-il of the Korea High Pressure Gas Industry Cooperative Federation, Vice President Kim Seong-han of SK Hynix, Vice President Lee Du-hee of GS Caltex, and Executive Director Yoon Myeong-hoon of LG Chemical congratulated DIGE Air Gas on its name change and new CI announcement through a video.

CEO Oh Gyu-seok said in his CEO pledge, “It is difficult to cope with the rapidly changing management environment with conventional working methods. “We must read the flow of change well and boldly seize opportunities to make a bigger leap forward,” he said, explaining the purpose of the new CI declaration, saying, “In order to create an opportunity for such a leap forward, we are announcing a new CI that contains our dreams and will.”

He continued, “Through today’s CI declaration, we at DIG Airgas expect to be reborn as a completely new company not only in terms of improved management performance but also in terms of corporate culture.” He added, “While further solidifying our existing competitiveness, we will create an efficient organization through digital transformation of our work methods in line with the times (Digital Transformation), investment in smart factories (Smart Factories), encourage new attempts, and build a strong organization through strengthened problem-solving capabilities and active communication.”

Meanwhile, since its establishment in 1979, DIGI Air Gas has continuously improved its industrial gas-related technologies by establishing a cryogenic research center and training technical personnel, and has grown together with leading customers in semiconductors, displays, secondary battery materials, oil refining, and petrochemicals. It is recognized in the industry as a native company that can compete on equal terms with foreign industrial gas companies.

Last February, DIGE Airgas welcomed MAIF (Macquarie Asia Infrastructure Fund), managed by Macquarie Asset Management Group, the world's largest infrastructure asset management company, as a new shareholder. At its 2020 vision declaration ceremony, it announced its goal of achieving KRW 1.1 trillion in sales and KRW 350 billion in EBITDA (earnings before interest, tax, depreciation, and amortization) by 2025.

Mr. Oh Gyu-seok, the newly appointed CEO and President in April of this year, served as Vice President in charge of new business at POSCO, where he demonstrated his capabilities as a new business expert by focusing on discovering excellent venture companies and strengthening the secondary battery material business. At DIGI Air Gas, he has been focusing on not only the growth of the existing industrial gas business but also the eco-friendly gas business. It is also expected to play a major role in the development of new businesses.