ITCEN Appoints Park Jeongjae as New CEO... Strengthening Investment Division

[Asia Economy Reporter Lim Jeong-su] IT company ITCEN, which surpassed 2 trillion won in sales last year, announced on the 17th that it has newly appointed CEO Park Jeong-jae (Executive Officer) to strengthen its investment division.

CEO Park, a former accountant, is known as a capital market expert with outstanding skills in Initial Public Offerings (IPO) and Mergers and Acquisitions (M&A). After joining ITCEN following his tenure at Lotte Shopping, he led the IPO and major M&A initiatives in 2014. He also played a key role in acquisitions such as Ssangyong Information & Communications, Comtec System, and Korea Gold Exchange.

With this appointment, ITCEN plans to further strengthen its investment division and build a new growth engine portfolio centered on future IT businesses such as cloud, NFT, metaverse, and blockchain. Additionally, ITCEN aims to transform its main business into new growth and investment businesses by creating an investment ecosystem with various partners in the capital market.

Newly appointed CEO Park stated, "I will play a significant role in enhancing ITCEN Group's corporate value through promoting IPOs of major affiliates, investing in and discovering new growth businesses, and attracting investments. We will maximize shareholder value through a virtuous cycle of performance creation, investment, and profits."

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