Kwon Won-kang, Founder of Kyochon, Returns as Chairman... "Leap to a Global 100-Year Company"

Kwon Won-gang, founder of Kyochon F&B. Photo by Kyochon

[Asia Economy Reporter Moon Hyewon] Kwon Won-gang, the founder of Kyochon Chicken, has returned to the position of chairman of Kyochon F&B.

According to Kyochon F&B on the 1st, Chairman Kwon held an inauguration ceremony on the day and returned to the chairman position. It has been 3 years and 9 months since he stepped down from the chairman position in March 2019.

In his inaugural speech, Chairman Kwon said, "The key to overcoming the current crisis is win-win management, righteous management, and responsible management," adding, "Based on these values, we will establish a new vision and make Kyochon a global food lifestyle company for 100 years."

On the day, Chairman Kwon presented four keywords for Kyochon’s second leap: Global (G), Sauce (S), Eco-friendly (E), and Platform (P).

Kyochon plans to focus more on targeting overseas markets. Chairman Kwon stated that they will develop overseas businesses with the Americas and Southeast Asia as strategic markets, and utilize Kyochon’s sauce production technology to launch household sauces and ready-to-eat meals.

They also plan to promote eco-friendly businesses and develop a platform with various transaction functions to expand services domestically and internationally.

Chairman Kwon also decided to engage in venture investment to discover new businesses. They plan to establish a Corporate Venture Capital (CVC) to discover food tech startups domestically and abroad and foster in-house ventures.

He also announced plans to strengthen cost competitiveness by building a global network for sourcing key raw materials.

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