Gijinhoe Appoints Jo Young-chul, CEO of Hyundai Doosan Infracore, as New President

Concurrent Appointment as the 16th Chairman of the Capital Goods Mutual Aid Association

[Asia Economy Reporter Kim Cheol-hyun] The Korea Machinery Industry Promotion Association (hereinafter referred to as KIPA) announced on the 23rd that at the 58th regular general meeting held at the Machinery Hall in Yeouido, Seoul, Cho Young-chul, CEO of Hyundai Doosan Infracore, was appointed as the 23rd president. The newly appointed President Cho will also concurrently serve as the 16th chairman of the Capital Goods Mutual Aid Association.

President Cho joined Hyundai Heavy Industries in 1988, served as head of management support at Hyundai Oilbank in 2012, vice president of Hyundai Heavy Industries in 2016, and was appointed CEO of Hyundai Genuine at its launch in 2021. Since October of the same year, he has also been serving as CEO of Hyundai Doosan Infracore.

New Chairman Youngchul Cho

In his inaugural speech, President Cho said, "Although these are difficult times both domestically and internationally, the machinery industry has the strength and capability to overcome them," adding, "As a member of the machinery industry, I will work with a sense of mission based on my corporate experience to promote the growth of the machinery industry."

KIPA plans to focus on establishing a foundation for overseas expansion, pioneering export routes, analyzing machinery industry trends, identifying difficulties, and providing policy support to promote innovative growth of member companies and strengthen the competitiveness of the machinery industry.

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