Hanwha's Third Son Kim Dong-seon Holds Concurrent Position at Galleria... Oversees Group's New Distribution Business

[Asia Economy Reporter Yuri Kim] Kim Dong-seon, the third son of Hanwha Chairman Kim Seung-yeon and Executive Director of Hanwha Hotels & Resorts(photo), is concurrently serving as the Head of New Business Strategy Office for the Galleria division of Hanwha Solutions, overseeing new business initiatives across the group's distribution sector.

According to the distribution industry on the 16th, Executive Director Kim was appointed as the Head of the Galleria New Business Strategy Office last month, where he is responsible for discovering new business opportunities for Galleria Department Store and developing and commercializing new premium VIP-related content.

Executive Director Kim also serves as the Head of Future Strategy Office at Hanwha Hotels & Resorts, managing new businesses including the equestrian business. When Hanwha Next, a company spun off from the equestrian business division, launches in May, he will oversee new business initiatives in that division as the Head of Future Strategy Office, holding concurrent positions in three companies.

Industry insiders predict that with Executive Director Kim strengthening new business initiatives across the group's distribution sector, the Hanwha Group's succession process will accelerate. The Hanwha Group is proceeding with succession by assigning the chairman's eldest son, Kim Dong-kwan, President of Hanwha Solutions, to lead core businesses such as petrochemicals and solar energy; the second son, Kim Dong-won, Vice President of Hanwha Life Insurance, to oversee financial businesses; and the third son, Executive Director Kim, to take charge of hotel, leisure, and distribution business sectors.

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