Daehan Electric Wire Appoints Song Jong-min, Vice Chairman of Hoban Industries, as New CEO

Final Appointment Scheduled After Temporary General Meeting and Board of Directors Meeting

Daehan Electric Wire announced on the 28th that Song Jong-min, Vice Chairman of Hoban Industry, has been nominated as the new CEO. Song will be officially appointed after the upcoming extraordinary general meeting of shareholders and board of directors.

Marking the 2nd anniversary of its incorporation into the Hoban Group, Daehan Electric Wire is appointing the Vice Chairman of its largest shareholder, Hoban Industry, as CEO to maximize synergy with the Hoban Group. The strategy aims to discover new growth engines and expand business.

Born in 1964, Song graduated from Chosun University with a degree in Accounting. He joined Hoban Construction in 2000 and is an executive who has worked extensively in the group's finance, accounting, and management sectors. He is recognized for contributing to the growth of the Hoban Group through diversification of orders and business based on group fund management and risk control.

Song Jong-min, Vice Chairman of Hoban Industry, appointed as CEO of Korea Electric Wire /
[Photo by Korea Electric Wire]

Song served as head of the accounting team and finance executive at Hoban Construction before becoming Executive Director of KBC Gwangju Broadcasting, acquired in 2012. He was appointed CEO of Hoban Construction in 2018 and promoted to Vice Chairman in the following year, leading the integration process after acquiring Daehan Electric Wire.

Kim Jun-seok, Executive Director of Hoban Group (Head of Strategic Planning Office), concurrently serves as head of Daehan Electric Wire’s management strategy division. Born in 1982, Kim graduated from Seoul National University with a degree in Nuclear Engineering and joined Hoban Group in 2010 after working at Korea Hydro & Nuclear Power. He has led mergers and acquisitions including Resom Resort, Dae-A Fruit & Vegetable, and Samsung Gold Exchange through strategic planning. In 2021, he and Vice Chairman Song acquired Daehan Electric Wire, strengthening the group’s growth foundation.

A Daehan Electric Wire official said, “It is time to seek change by expanding synergy through organic integration with the Hoban Group and driving new growth strategies.” “Going forward, under the leadership of the new CEO, we will actively respond to market changes to maintain competitive advantage in the cable industry and achieve sustainable growth,” he added.

The current CEO of Daehan Electric Wire, Na Hyung-gyun, will resign on May 17, when his term expires. He was appointed CEO in May 2015, two years after Hoban Industry acquired Daehan Electric Wire, and will complete his term after two years.

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