Norangpungseon Appoints Jin-guk Kim as New CEO... "Leading the Post-COVID Travel Industry"

Kim Jin-guk, the new CEO of Norangpungseon. Photo by Norangpungseon

[Asia Economy Reporter Kim Heeyoon] Norangpungseon announced on the 1st that it held a regular general meeting of shareholders and a board of directors meeting, appointing Kim Jinkuk as the new CEO.

New CEO Kim is a professional manager in the travel industry, having worked at Cathay Pacific Airways and then at Hanatour for 18 years. He served as the head of Hanatour's Global Management Division and led the company as CEO, contributing to Hanatour's growth as a leading domestic travel agency.

Norangpungseon has expanded its market through direct sales in the highly competitive domestic travel industry. Recently, facing intensified competition with global travel platforms and aiming to leap forward as a leading company, it decided to implement bold organizational changes.

The company explained that Kim Jinkuk, who possesses both expertise and experience in establishing new strategies and reorganizing the organization in line with the paradigm shift in the travel industry, was the right person for the appointment.

CEO Kim said, "The travel industry has endured a harsh period over the past two years due to COVID-19," adding, "We will actively pursue investment and strengthening competitiveness in preparation for the post-COVID-19 era."

He continued, "We will solidify our position as the number one direct sales travel agency in Korea and grow as a leading company through diversification of products and sales channels."

At this general meeting, Ko Jaekyung, the founder and largest shareholder of Norangpungseon, and Choi Myungil were reappointed as inside directors for a two-year term.

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