DL E&C Appoints Seo Young-jae as CEO... "Convergent Leader, Accelerating New Business and Innovation"

DL E&C announced on the 10th that it held a general shareholders' meeting and a board meeting, appointing former LG Electronics Executive Vice President Seo Young-jae as the new CEO.

Seo Young-jae, New CEO of DL E&C / Photo by DL E&C

CEO Seo graduated from Kyungpook National University with a degree in Electronic Engineering and earned a master's degree in Business Administration from Illinois State University in the United States. He joined LG Electronics in 1991 and served as head of the Audio, Video, and Information Technology (TV, AV, IT) division. He also led the Business Incubation (BI) Center, playing a key role in discovering and nurturing new business projects such as electric vehicle charging, healthcare, and home fitness. Having handled planning, finance, and management tasks, he is also known as a 'strategic planning expert.'

This is the first leadership change at DL E&C since the company split in 2021. The DL E&C board and management redefined the roles and qualifications required for the next CEO and continuously evaluated suitable candidates. Regarding this appointment, they explained that they kept in mind three major tasks: new business, risk management, and innovation.

Currently, DL E&C has plans to discover and develop new businesses such as Carbon Capture, Utilization, and Storage (CCUS), Small Modular Reactors (SMR), hydrogen, and ammonia as next-generation growth engines. Accordingly, CEO Seo is expected to focus on accelerating the pace of new business initiatives to achieve tangible results and enhancing the company's risk management capabilities amid an increasingly uncertain global business environment. Seo has experience in strategic planning and business diagnosis and possesses know-how in successfully turning around mature businesses.

DL E&C also highly evaluated CEO Seo's leadership, noting his extensive experience in improving organizational structures and work processes. Based on this, the company plans to accelerate innovation and swiftly respond to changes in the construction paradigm centered on smart construction technology and demographic shifts.

A DL E&C official said, "There is a consensus that CEO Seo can innovate DL E&C's organizational structure through new attempts from a blank slate," adding, "We hope he will leverage his strengths in discovering and nurturing new businesses and strategic planning to establish DL E&C's future strategy."

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