SK Chairman Chey Tae-won Solely Nominated as Next Seoul Chamber of Commerce President... Also Serving as Korea Chamber of Commerce President (Update)

[Asia Economy Reporters Hyewon Kim and Yoonju Hwang] On the morning of the 1st, the Seoul Chamber of Commerce and Industry (Seoul Chamber) held a board meeting at the Chamber Hall and announced that it had unanimously decided to nominate Chey Tae-won (61), Chairman of SK Group, as the next Chairman of the Seoul Chamber of Commerce and Industry.

At the meeting, 13 members of the Seoul Chamber's board attended, including Park Yong-man, Chairman of the Korea and Seoul Chambers; Gong Young-woon, President of Hyundai Motor Company; Kwon Young-soo, Vice Chairman of LG; Kim Hee-yong, Chairman of Dongyang Moolsan Enterprise; Seo Min-seok, Chairman of DI Dongil; Shin Bak-je, Chairman of Daejin Semiconductor; Lee Dong-woo, CEO of Lotte Holdings; Lee Soon-hyung, Chairman of SeAH Steel Holdings; Lee Woo-hyun, Vice Chairman of OCI; Lee In-yong, President of Samsung Electronics; Jung Ki-ok, Chairman of LSC Food; Hong Jae-sung, Chairman of JS Corporation; and Woo Tae-hee, Executive Vice Chairman of the Korea and Seoul Chambers. They discussed the election of a successor chairman following the expiration of Chairman Park’s term.

The board stated that the Chairman of the Seoul Chamber should be a figure who can represent Korea’s economic community both domestically and internationally. Considering Chey’s management achievements, global capabilities, leadership in environmental, social, and governance (ESG) initiatives, and economic and social insight, they agreed that he is the most suitable candidate.

Executive Vice Chairman Woo said, "If Chairman Chey accepts, he is scheduled to be officially elected as Chairman of the Seoul Chamber at the Seoul Chamber’s general assembly on the 23rd of next month." By tradition, the Chairman of the Korea Chamber of Commerce and Industry, who concurrently serves as Chairman of the Seoul Chamber, will be elected at the Korea Chamber’s general assembly on March 24.

The term of office for the Chairmen of both the Seoul Chamber and the Korea Chamber is three years, with the possibility of one reappointment.

Chairman Chey was born in Suwon and graduated from Shinil High School, studied Physics at Korea University, and completed an integrated master's and doctoral program in Economics at the University of Chicago in the United States. After joining Seonkyung, he has served as Chairman of SK Group since 1998.

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