Among Major Groups' Owner Family Executives, 150 Are in Their 20s to 40s... Youngest Is 26 Years Old
[Asia Economy Reporter Kiho Sung] It has been revealed that there are as many as 150 'young executives' in their 20s to 40s who are members of the owner families of major domestic groups. Among them, the youngest was 26 years old.
On the 20th, Korea CXO Research Institute, a corporate analysis specialist, announced that this result came out after analyzing the status of executives from owner families in the top 200 domestic groups.
Specifically, there were a total of 150 executives aged 50 or younger born after 1970, among whom 6 were chairpersons. Among the top 10 groups, notable examples include Koo Kwang-mo (42), Chairman of LG, and Cho Won-tae (45), Chairman of Hanjin.
There are also Jung Ji-sun (48), Chairman of Hyundai Department Store, who has been serving as chairman since 2007 at age 35, and Lee In-ok (49), Chairman of Chosun Refractories, who has maintained the chairman position since 2013 at age 42. New chairpersons this year include Yoon Ho-jung (49), Chairman of Korea Yakult, and Park Joo-hwan (37), Chairman of Huchems.
There were 15 vice chairman-level executives identified as next chairman candidates. Representative figures include Chung Eui-sun (50), Executive Vice Chairman of Hyundai Motor Group, and Kang Ho-chan (49), Vice Chairman of Nexen Group.
In the pharmaceutical industry, vice chairmen maintaining their titles include Cho Sung-hwan (50), son of Cho Won-ki, Chairman of Joa Pharmaceutical; Yoon Sang-hyun (46), son of former Chairman Yoon Dong-han of Kolmar Korea; Heo Seung-beom (39), son of Heo Kang, Chairman of Samil Pharmaceutical; and Ryu Gi-seong (38), son of Ryu Deok-hee, Chairman of Kyungdong Pharmaceutical.
Brother vice chairmen are serving side by side at Hwasung Group, with Hyun Ji-ho (49), eldest son of Chairman Hyun Seung-hoon, and Hyun Seok-ho (47), second son, both vice chairmen. Among women, there is Jung Hye-seung (48), Vice Chairman and daughter of Jung Gu-yong, Chairman of Cymax and Inzi Display.
Notably, among owner families, the largest number of executives are at the president level, totaling 49. Representative figures include Cho Hyun-sang (49), third son of Cho Seok-rae, Honorary Chairman of Hyosung; Yoon Seok-bin (49), eldest son of Yoon Young-dal, Chairman of Crown Haitai Holdings; and Lim Jong-yoon (48), president and eldest son of Lim Seong-gi, Chairman of Hanmi Pharmaceutical [128940].
Among women, there are Lee Boo-jin (50) of Hotel Shilla, Jung Yoo-kyung (48) of Shinsegae, Sung Rae-eun (42) of Youngone Holdings, Park I-ra (42) of Sejung, and Cho Yeon-ju (41) of Hansol Chemical, all presidents.
Additionally, there are 30 at the vice president level, 17 at the executive director level, and 16 at the managing director level.
The youngest executive among owner families is Kim Min-seong, Managing Director and second son of Kim Sang-yeol, Chairman of Hoban Construction, according to the Financial Supervisory Service disclosure standards. Kim Min-seong was born in 1994, is 26 years old this year, and is the largest shareholder with a 41.99% stake in Hoban Industry.
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Among the 150 young executives from owner families, 116 were male, accounting for 77.3%, and 34 were female, accounting for 22.7%.
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