Daewoo Shipbuilding Appoints President Park Du-seon... "Pursuing Management Innovation and Competitiveness Enhancement"

On the 28th, a notice board for Daewoo Shipbuilding & Marine Engineering's 22nd regular shareholders' meeting was installed at the Korea Federation of Banks building in Jung-gu, Seoul. Photo by Moon Honam munonam@

[Asia Economy Reporter Oh Hyung-gil] Daewoo Shipbuilding & Marine Engineering (DSME) appointed Vice President Park Du-seon as the new CEO on the 28th.

At the 22nd regular shareholders' meeting held at the International Conference Room of the Bankers Hall in Jung-gu, Seoul, DSME passed the proposal to reappoint Vice President Park as an inside director as originally planned. Following the shareholders' meeting, Park was appointed as CEO with a three-year term at the board meeting.

DSME announced its management goal for this year as "achieving a total turnaround through management innovation." It forecasted this year's sales to reach 6.8 trillion KRW, an increase of approximately 51.5% compared to the previous year.

The management goals include fundamentally strengthening competitiveness through structural and systemic innovation, establishing a creative leadership position through proactive response, preparing for the future through talent management and technological DSME innovation, and achieving mutual growth through trust and win-win partnerships.

DSME stated, "The government and related agencies have pledged to steadfastly promote measures to normalize Daewoo Shipbuilding & Marine Engineering and strengthen the competitiveness of the domestic shipbuilding industry," adding, "In line with this, we are focusing on securing competitiveness while establishing mid- to long-term strategies and goals."

Meanwhile, at the shareholders' meeting, six agenda items were approved as originally proposed, including the appointment of Lee Young-ho, head of DSME's Support Headquarters, and Woo Je-hyuk, head of DSME's Technology Headquarters, as inside directors, as well as the appointment of Kim In-hyun, professor at Korea University Law School, Choi Kyung-gyu, professor at Dongguk University, and Kim Bo-yeon, professor at KAIST, as outside directors.

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