Kim Yujin, CEO of Hanssem, "Profit-Centered Restructuring... No Artificial Downsizing"

CEO Kim Yujin

Kim Yujin, the new CEO of Hanssem, stated that while the company will restructure its business model to focus on profitability, it does not plan any artificial restructuring.

According to Hanssem on the 2nd, CEO Kim, who took office the previous day, said in a message to employees, "The domestic furniture and interior industry has been facing difficulties due to the real estate market downturn that began in 2022, and Hanssem is not exempt from these effects. However, the more challenging the external environment, the more we must view the market and the company with a calm and objective perspective."

CEO Kim emphasized focusing on improving operational efficiency to enhance the company's fundamentals above all else. He intends to avoid short-term cost-cutting that excludes sales growth and blind sales growth without profitability improvement, aiming instead to build a business structure capable of long-term sales growth and profitability enhancement. He explained that rather than artificial restructuring, this strategy will be implemented through improving work efficiency. He added, "We will create an organization where employees who actively and proactively work for the company receive appropriate rewards and can grow, and establish a system where employees who actively contribute to the company's growth are compensated."

CEO Kim expressed, "I feel a heavy responsibility and pride in joining Hanssem, the undisputed No. 1 furniture and interior company in Korea with a 50-year history," and urged, "Let all employees become the protagonists of change and lead Hanssem into a new heyday."

Born in 1981, CEO Kim graduated from KAIST with a degree in Computer Science, attended Seoul National University Graduate School of Business, and worked at Boston Consulting Group (BCG). In 2009, he joined IMM Private Equity, a domestic private equity firm. He later led mergers and acquisitions (M&A) for companies such as Hollys F&B, Lezhin Comics, and Taelim Packaging. From 2017, he managed Hollys as CEO until its sale to KG Group in 2020. After returning to IMM, he served as CEO of Able C&C from June 2021.

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