Korean Reappoints Won Jong-ik, Elder Brother of Won Jong-gyu, as Advisory Inside Director

[Asia Economy Reporter Oh Hyung-gil] Korean Re is appointing Won Jong-ik, a full-time advisor and elder brother of President Won Jong-gyu, as an inside director.

With Advisor Won stepping into the front lines of management, Korean Re is effectively transitioning to a sibling-run management system. Attention is also focused on the succession structure among the third generation going forward.

Korean Re recently announced through a public disclosure that Advisor Won has been nominated as a candidate for inside director at the regular shareholders' meeting scheduled for the 26th. President Won has effectively succeeded in his reappointment.

Advisor Won, who previously served as a manager at Daelim Industrial, has been responsible for Korean Re's technical insurance underwriting review and loss adjustment consulting.

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