Choi Jin-sik, Chairman of Simpack, Elected as Next Chairman of the Federation of Medium-Sized Enterprises

Choi Jin-sik, President of Simpack, appointed as the 11th President of the Korea Federation of Medium-sized Enterprises.
[Photo by Korea Federation of Medium-sized Enterprises]

[Asia Economy Reporter Junhyung Lee] The Korea Federation of Medium-Sized Enterprises announced on the 8th that at the board meeting held on the 7th at JW Marriott Hotel Seoul in Seocho-gu, Seoul, Shim Pack Chairman Choi Jin-sik was unanimously appointed as the 11th chairman.

The appointment of the 11th chairman will be finalized after approval by the board of directors and the regular general meeting in February next year. The current chairman Kang Ho-gap's term ends on February 24 next year. The term of the 11th chairman will last until the regular general meeting held in February 2025.

Chairman Choi joined the Federation in 2012 and, together with Chairman Kang, led the enactment of the Special Act on Medium-Sized Enterprises in December 2013. In addition, he made significant contributions to the launch of the Federation as a statutory organization in July 2014 and the establishment of the Medium-Sized Enterprise Research Institute in May 2015. Since 2019, as the senior vice chairman of the Federation, he has consistently supported the Federation's projects aimed at policy innovation to improve the management environment of medium-sized enterprises and strengthening corporate capabilities.

Shim Pack, led by Chairman Choi, is a leading medium-sized company in the domestic press industry. It originated from Korea Electric Metallurgy, the first domestic ferroalloy specialist company established in 1959. In 2011, it received the $70 million Export Tower Award. It was also listed among Forbes' "Top 100 Asian Medium-Sized Enterprises."

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