Hwang Gyu-yeon Appointed President of Korea Resources Corporation... Leading Discussions on Korea Mine Reclamation Corporation Integration

[Sejong=Asia Economy Reporter Kwon Haeyoung] Hwang Gyuyeon, former chairman of the Korea Industrial Complex Corporation, was inaugurated as the new president of the Korea Minerals Resources Corporation on the 8th.

Accordingly, the CEO position of the Minerals Resources Corporation, which had been vacant for three years, has finally found a new leader. President Hwang is expected to take the lead in discussions for the establishment of the integrated organization 'Korea Mine Reclamation and Mining Corporation,' a merger of the Minerals Resources Corporation and the Korea Mine Reclamation Corporation, scheduled to launch in September.

President Hwang graduated from Hanyang University with a degree in Public Administration and earned a master's degree in Policy Science from Carnegie Mellon University in the United States. He entered public service in 1986 after passing the 30th Administrative Examination and served as Director General of Trade Policy and Director General of Industrial Infrastructure at the Ministry of Trade, Industry and Energy, before serving as chairman of the Industrial Complex Corporation for three and a half years starting in 2016.

With his inauguration as president of the long-vacant Minerals Resources Corporation, he will take on the role of resolving the liquidity issues of the corporation, which is in a capital erosion state amounting to 3.36 trillion won, and leading the integration discussions with the Mine Reclamation Corporation. Attention is also focused on whether he will become the head of the future integrated organization, the 'Korea Mine Reclamation and Mining Corporation.'

President Hwang stated, "The Minerals Resources Corporation is scheduled to be newly launched as the Korea Mine Reclamation and Mining Corporation through integration with the Mine Reclamation Corporation," adding, "I will devote all efforts to resolving the liquidity issues of the Minerals Resources Corporation to ensure a smooth start for the integrated organization."

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