Moorim Appoints Lee Do-gyun as New CEO

Lee Do-gyun, the new CEO of Murim. Photo by Murim

[Asia Economy Reporter Moon Hyewon] Murim announced on the 23rd that it held a board meeting and appointed President Lee Do-gyun (43, photo) as the new CEO.

CEO Lee, born in 1978, majored in Business Administration at New York University in the United States and joined Murim Paper's sales headquarters in 2007. He expanded his scope by gaining extensive experience in overall management for about 14 years after joining, going through the paper business headquarters, management headquarters, integrated construction headquarters, strategic planning office, and affiliate management. In particular, in line with the characteristics of the manufacturing industry where field experience is emphasized, from 2010 he worked directly at the construction site of Murim P&P's integrated plant in Ulsan and led the completion of Korea's first pulp-paper integrated plant in 2011.

Murim stated, "CEO Lee has always prioritized 'creating a horizontal and flexible organizational culture' for a leap toward a creative and innovative company, breaking away from the conservative mindset of traditional manufacturing industries, and has shown an unreserved approach leading active communication among employees," adding, "He seems to have been focusing on strengthening internal stability through group restructuring while concentrating on securing future growth engines."

Founded in 1956, Murim was the first in Korea to produce Western-style paper and has held the number one market share in domestic printing paper for 64 years. It is also the only company in Korea producing pulp.

However, the consensus was that a change to a young leader with agility capable of quickly responding to unpredictable environmental changes and global experience was inevitable.

CEO Lee has been fundamentally reorganizing the portfolio in the group's core paper division to focus on marketable products and has been actively developing environmentally friendly future materials through pulp. While restructuring non-paper affiliates with weak business viability, he is expected to secure stable revenue sources by exploring entry into different industries for future growth. Additionally, he is expected to focus on strengthening internal competitiveness based on a flexible organizational culture and enhancing corporate value through profitability improvement.

Meanwhile, former CEO Kim Seok-man has stepped down from the frontline of Murim's management but plans to maintain his position as chairman of the Korea Paper Association.

This content was produced with the assistance of AI translation services.