Chairman Cho Won-tae of Hanjin Group Joins Federation of Korean Industries Vice Chairmen Panel
[Asia Economy Reporter Jeong Hyunjin] The Federation of Korean Industries (FKI) has added 40-year-old Cho Won-tae, chairman of Hanjin Group, to its vice-chairman team.
According to the business community on the 11th, the FKI appointed Cho, the son of the late Cho Yang-ho, former chairman of Hanjin Group, as vice chairman. Meanwhile, Park Sam-gu, chairman of Kumho Group, Ryu Jin, chairman of Poongsan Group, and Park Young-joo, chairman of Igeon Industry, stepped down from their vice-chairman positions.
The FKI approved this organizational restructuring proposal at the regular general meeting held last month. Accordingly, the FKI vice-chairman team now consists of Kim Seung-yeon, chairman of Hanwha Group; Shin Dong-bin, chairman of Lotte Group; Lee Woong-ryul, former chairman of Kolon Group; Kim Yoon, chairman of Samyang Holdings; Park Jung-won, chairman of Doosan Group; Cho Won-tae, chairman of Hanjin Group; and Kwon Tae-shin, full-time vice chairman of FKI.
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Previously, the FKI announced that it was promoting the inclusion of IT company heads and second- to third-generation business leaders in the vice-chairman team to revitalize the organization.
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