The new CEO of Doosan Capital Co. Chung Ok-hee, 46, doesn't buy into the often-cited mantra by many women in business: glass ceiling, the barrier for career development in the male-dominated corporate hierarchy.
"If you work harder than men, then the doors of opportunity will be open for you," said Chung in an interview with Maeil Business newspaper Saturday.
That is not a denial of glass ceiling. Rather, it is a call for undaunted spirit and hard work that has a proven track record of success among those situated in an unfavorable environment.
Chung is also the first female CEO the venerable Doosan Group tapped in its 114 years of history.
"At the end of the day, your gender doesn't really matter. At work, sometimes, my colleagues and I end up pulling the whole night, debating our projects. The one who has better logic and business strategy wins. That's how you gain respect," she said.
Chung is not a stranger in South Korea's financial sector. She has worked almost 25 years in it, with stints including the Bank of Korea and the City Group.
"I don't think you're put at disadvantage because you're a woman. On the contrary, I think a woman's tendency to pay attention to details comes as a comparative advantage over a man," she said.
In making her business decisions, she has a simple yet effective principle. "It's easy. If the money is mine, would I lend it to that person? I ask that question to myself. It works."
Lately, "women power" is a buzzword in South Korea's business community. But she also wants to debunk a widely held belief that comes with the buzz. "Some people say business women don't help each other because they, by nature, tend to be jealous and covetous. Actually, it's the opposite. We often help each other. We also network well by holding informal get-togethers."
So, what advice does Chung have for young and ambitious entrepreneurs? "I think they should spend more time in searching for what they truly like to do with their life. And it's not something that lies far away. They should look nearby first. Once you find one, work hard ― until your male workers get overwhelmed by your passion. Then, success will be yours."
