Trade Association Begins Next President Appointment Process... Gu Ja-yeol LS Chairman and Others Considered

[Asia Economy Reporter Su-yeon Woo] The Korea International Trade Association (KITA) has begun the process of appointing its next president. It is known that President Kim Young-joo will not seek reappointment and will hand over the position to the next president, with prominent candidates from major business circles and former government officials being considered.

According to business circles on the 15th, KITA plans to hold an extraordinary board meeting on the 16th to discuss the appointment of the 31st president of the association. After this meeting, a board meeting will be held on the 19th to decide on the nomination of the next president.

If the next president is nominated at the meeting on the 19th, the appointment will be officially confirmed through a vote by member companies at the general meeting scheduled for the 24th. Among the candidates for the next president, Gu Ja-yeol, chairman of LS Group, is considered a strong contender from the business sector, while a former official who has served in the Ministry of Strategy and Finance and the Blue House is also mentioned among the former government officials.

President Kim, who was once considered likely to be reappointed, is reported to be stepping down after completing his three-year term this month. Kim, who served as the Minister of Industry and Trade and as the Chief Secretary for Government Policy Coordination during the Roh Moo-hyun administration, was appointed as the 29th president in November 2017 after former President Kim In-ho resigned with four months left in his term.

Kim Young-joo, Chairman of the Korea International Trade Association / Photo by Hyunmin Kim kimhyun81@

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