Jungsu Kim, Vice Chairman of Samyang Foods, Steps Down as Holding Company CEO... "To Focus on Food Business"

Resignation as CEO of Samyang Round Square After 1 Year and 7 Months
New CEO Appointed: Seokhun Jang, Head of Management Support at Samyang Foods

Jungsu Kim, 61, Vice Chairman of Samyang Foods who led the development and marketing of 'Buldak Bokkeummyeon,' has stepped down from her position as CEO of the holding company Samyang Round Square (formerly Samyang Foods Group).

According to the food industry on the 21st, Vice Chairman Kim resigned from her role as CEO of the group’s holding company, Samyang Round Square, earlier this month. She had assumed the CEO position in September 2023 and is stepping down after one year and seven months.

However, Vice Chairman Kim will remain on the board as an internal director alongside her eldest son, Byungwoo Jeon, Executive Director of Samyang Foods. She will also continue to serve as CEO of Samyang Foods.

Jungsu Kim, Vice Chairman of Samyang Foods. Samyang Foods

Vice Chairman Kim is the daughter-in-law of honorary chairman Joongyoon Jeon, the founder of Samyang Foods. She joined the company in 1998 during the IMF financial crisis, became President of Samyang Foods in 2017, and since 2021 has served as Chair of the ESG (Environmental, Social, and Governance) Committee and Head of Overseas Sales. She is credited with developing 'Buldak Bokkeummyeon' and turning Samyang Foods into an export company with annual sales of 1.7 trillion won.

A representative from Samyang Round Square explained, "This year is a critical period for Samyang Foods, with the completion of the second Miryang plant and expansion of overseas business. Vice Chairman Kim will focus on related business operations and portfolio expansion as CEO of Samyang Foods, while the holding company will be managed by financial and administrative professionals for greater efficiency."

Meanwhile, the new CEO of the holding company will be Seokhun Jang, Head of Management Support at Samyang Foods.

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