Busan Economic Restart Underway... Busan Chamber of Commerce and Industry 24th Assembly Executive Team Confirmed

▶Park Yong-su, Chairman of Golden Blue Co., Ltd., Appointed Senior Vice Chairman, Serving as a Bridge for Veteran Entrepreneurs

▶Among 17 Vice Chairmen, 3 Are First-Term Lawmakers, with 5 from Construction Industry Making Significant Entry

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Busan Chamber of Commerce and Industry.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] The leadership and executive lineup of the Busan Chamber of Commerce and Industry (BCCI), which leads the Busan economy, have been finalized.

The Busan Chamber of Commerce and Industry (Chairman Jang In-hwa) completed the appointment of the chairman group and executives, including standing members, who will lead the 24th BCCI assembly on the 2nd, officially announcing the launch of the "Jang In-hwa administration."

The BCCI assembly consists of a chairman group of 22 members, including the chairman, senior vice chairman, 17 vice chairmen, and 3 auditors, along with 30 standing members and 68 members, totaling 120 members.

At the extraordinary general assembly held on March 17, three auditors were elected first in accordance with regulations. The selection committee, composed of Chairman Jang In-hwa and four screening committee members, was delegated the authority to elect executives by the attending members.

After a two-week deliberation process, the screening committee announced today the remaining executives, including 18 chairman group members and 30 standing members, forming the new lineup.

With the executive lineup finalized quickly, momentum is expected to build for advancing regional issues such as the early construction of Gadeokdo New Airport and the bid for the 2030 Busan World Expo.

The 24th assembly is significantly younger in composition compared to the 23rd. By age group, 37 young entrepreneurs in their 40s and 50s account for 30% of the total, and including senior entrepreneurs in their 60s, the number reaches 85, or 70% of the total members.

This represents a substantial increase in the entry of next-generation entrepreneurs compared to the previous 23rd assembly, where entrepreneurs in their 40s to 60s made up about 57%.

Looking at the characteristics of the executive lineup, Park Yong-su, chairman of Golden Blue Co., Ltd. and a six-term member, was appointed as the senior vice chairman to work closely with Chairman Jang In-hwa.

Since Chairman Jang stated in his inaugural speech his intention to strengthen communication with senior business leaders, Senior Vice Chairman Park is expected to serve as a bridge between the BCCI assembly and veteran businesspeople.

Additionally, among the 17 vice chairmen, nearly half?eight members?are relatively young members with three or fewer terms. This is a significant increase compared to only two in the 23rd assembly.

Considering past BCCI practices, appointing three first-term members as vice chairmen?Park Dong-ho, president of Hwaseung Networks Co., Ltd., Park Dae-ji, chairman of Hyosan Development Co., Ltd., and Lee O-seon, CEO of Dong-A Plating Co., Ltd.?is quite unprecedented.

By industry, the proportion of manufacturing was reduced, while various sectors such as construction, distribution, logistics, and services were included in the chairman group.

Despite the construction industry's significant share in the regional economy, its participation in BCCI activities had been sluggish. However, five construction industry leaders were appointed as vice chairmen: Choi Sam-seop, chairman of Daewon Plus Construction Co., Ltd.; Park Man-il, chairman of the Busan Metropolitan City Chapter of the Korea Construction Association; Jang Ho-ik, CEO of Dongwon Urban Development Co., Ltd.; Kim Young-joo, chairman of Yuchang Joong Construction; and Park Dae-ji, chairman of Hyosan Development Co., Ltd.

This wave of change continued in the selection of 30 standing members. Chairman Jang In-hwa positioned nine first-term members, including Choi Woo-jin, chairman of BK Energy Co., Ltd., in his early 50s, and Shin Yoo-jung, CEO of Tech Union Co., Ltd., expecting more active participation from standing members who effectively lead the eight committees under the assembly.

Chairman Jang In-hwa of the BCCI said, "With the completion of the executive lineup today, we have prepared to transform into a working chamber as initially envisioned. During the screening period, after multiple communications with senior business leaders who are not participating as executives this time, many encouraged us to form a lineup with enthusiastic next-generation entrepreneurs rather than physically balancing executives, to strengthen practical assembly activities."

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