"Stability Over Change"... Hyundai Department Store Group Conducts Annual Executive Appointments

2026 Regular Executive Appointments
Min Wangil Appointed as New CEO of Livart
Jaeki Yoo Named CEO of Hyundai Everdigm
"Focus on Management Stability Over Change"

On October 29, Hyundai Department Store Group carried out its annual executive reshuffle for this year. The move is being viewed as a choice for 'stability over change,' as most CEOs of its affiliates, except for Hyundai Livart, have been retained in their positions.

On October 30, Hyundai Department Store Group announced that it had conducted its regular executive appointments, effective January 1 of next year, promoting 27 individuals and transferring 21 others, including one president and two vice presidents, for a total of 48 executives. The scale of the reshuffle is similar to that of previous years.

Min Wangil, CEO-designate of Hyundai Livart. Provided by Hyundai Department Store Group

Min Wangil, Executive Vice President and Head of Management Support at Hyundai Department Store, has been appointed as the new President and CEO of Hyundai Livart. Born in 1967, the newly appointed CEO Min graduated from Korea University with a degree in Business Administration and joined Hyundai Department Store in 1993. He is known as a 'finance expert,' having served as Executive Director in charge of accounting, Executive Director for finance, and Executive Vice President and Head of Management Support.

The executives promoted to vice president are Jinwon Lee, Vice President and CEO of Hyundai L&C, and Jonggeun Lee, Vice President and Head of Business Strategy Office at Hyundai Gf Holdings. Born in 1966, Vice President Jinwon Lee joined Hyundai Department Store in 1993 and has worked across various affiliates. He has served as Executive Director and Store Manager of Hyundai Department Store Mia Branch, Executive Director and Head of Management Support Division at Hyundai Livart, Executive Director and Head of Management Support at Hyundai Green Food, and Executive Director and CEO of Hyundai L&C.

Born in 1970, Vice President Jonggeun Lee joined Hyundai Department Store in 1996 and has held positions such as Head of Investment Planning Team at Planning and Coordination Office, Head of Future Strategy, Executive Director and Head of Business Strategy Office, and Executive Director and Head of Business Strategy Office at Hyundai Gf Holdings.

(From left) Lee Jinwon, Vice President and CEO of Hyundai L&C; Lee Jonggeun, Vice President and Head of Corporate Strategy Office at Hyundai Gf Holdings; Yoo Jaeki, Executive Director and CEO-designate of Hyundai Everdigm. Provided by Hyundai Department Store Group

Jaeki Yoo, Executive Director and Head of Sales and Management Support at Hyundai Everdigm, has been appointed as the new CEO of Hyundai Everdigm. Born in 1967, Executive Director Yoo graduated from Dankook University with a degree in Accounting and joined Hyundai Green Food in 1996, later serving as Executive Director and Head of Management Support at Hyundai Everdigm.

A representative from Hyundai Department Store Group commented on the regular executive reshuffle, stating, "Considering the ongoing internal and external management uncertainties, we have focused on management stability by retaining the leadership of our key affiliates such as department stores, home shopping, and green food, rather than pursuing change. This also reflects our intention to revitalize the organizational atmosphere and strengthen our core business competitiveness."

The representative added, "We will continue to appoint fresh and talented next-generation leaders in key positions, enabling us to respond flexibly and swiftly to the rapidly changing business environment, thereby solidifying the foundation for future innovation and sustainable growth."

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