Kim Dong-seop, New President of Korea National Oil Corporation, Inaugurated on the 8th

Kim Dong-seop, President of Korea National Oil Corporation.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Kim Dong-seop (金東燮), the new president of Korea National Oil Corporation, held an inauguration ceremony at 11 a.m. on the 8th at the headquarters in Ulsan Innovation City and officially began his duties.

President Kim Dong-seop, who earned a Ph.D. in Industrial & Welding System Engineering from Ohio State University, USA, worked for over 20 years at the global oil company Shell as a researcher and Regional Manager for the Asia-Pacific region. He also served as the head of technology and Chief Technology Officer at SK Innovation, and as dean of the College of Information and Bio Convergence at Ulsan National Institute of Science and Technology (UNIST).

In his inaugural speech, President Kim said, "Let us overcome the crisis and build a company trusted by the people and a global model together," adding, "We will focus on securing the corporation's financial soundness by maximizing profits through efficient management and supervision of overseas projects, strategic sales of non-core assets, strengthening strategic oil reserve management capabilities, and improving financial structure through trading."

He also emphasized, "We will respond to national demands to ensure that the corporation's core role of 'energy security' remains unwavering," and stated, "We will create an effective system that simultaneously achieves security and profitability through the enhancement of oil development projects and optimization of strategic oil reserve operations."

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