Jung Ji-sun, Chairman of Hyundai Department Store Group, Receives 'Korea Manager Award' from Korea Management Association

At the 52nd Korea Management Awards ceremony held on the 27th at the Grand Hyatt Seoul Hotel in Hannam-dong, Seoul, Kim Ki-nam, Chairman of Samsung Electronics' Advanced Institute of Technology (from the left), Cho Hyun-joon, Chairman of Hyosung Group, Lee Bong-seo, Chairman of the Korea Management Association, Chung Ji-sun, Chairman of Hyundai Department Store Group, Han Hyun-ok, President of Clio, and Kim Chang-soo, Chairman of F&F, are taking a commemorative photo.

[Asia Economy Reporter Lim Chun-han] Hyundai Department Store Group announced on the 27th that Chairman Chung Ji-sun received the ‘2022 Korea Manager Award’ from the Korea Management Association. The Korea Manager Award has been presented by the Korea Management Association since 1969 to honor respected managers who have led the development of the domestic economy.

Chairman Chung is recognized for presenting the future direction of offline distribution through the successful opening of ‘The Hyundai Seoul’ in Yeouido, Seoul last year. In particular, he personally oversaw everything from establishing the development concept of The Hyundai Seoul to the spatial composition, integrating innovative space design, world-class content curation, and future-oriented technology. As a result, The Hyundai Seoul surpassed 800 billion KRW in sales within one year of opening, and is expected to achieve annual sales of 1 trillion KRW in the shortest period in the department store industry.

Chairman Chung has led the remarkable growth of Hyundai Department Store Group by boldly pursuing mergers and acquisitions (M&A) and business diversification. He completed a business portfolio centered on distribution, fashion, living & interior, and food, contributing to the group’s leap to become a leading comprehensive lifestyle culture group in Korea. Last year, he announced Vision 2030, outlining the group’s future blueprint and business direction with the goal of becoming a 100-year company.

Chairman Chung is also making efforts to create shared benefits and values through virtuous cycles with society. In 2006, he established the Hyundai Department Store Group Social Welfare Foundation to improve the welfare of children, the future leaders of the next generation, and is leading eco-friendly management in the distribution industry by conducting various eco-friendly campaigns tailored to the characteristics of each affiliate.

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