Musinsa Adopts Dual-CEO System with Cho Manho and Cho Namseong: "Introducing C-Level Accountability Management"

Restructuring Decision-Making to Enhance Business Execution
Introducing a C-Level Accountability System for Specialized Management by Business Area

On December 12, Musinsa announced that it will introduce a C-level accountability system by business area starting in January next year, in line with its rapid business expansion. The company aims to accelerate its growth by speeding up business execution.

As part of this restructuring, Musinsa has newly appointed Cho Namseong as CEO, who will oversee business support functions such as finance, legal affairs, public relations, and human resources, establishing a dual-CEO system alongside Cho Manho. Cho Namseong graduated from Korea University with a degree in psychology and earned his master’s degree from Brigham Young University. Since 2020, he has built expertise in global HR and organizational behavior over approximately 25 years at LG Electronics, Qualcomm, Coupang, and SK On. After joining Musinsa last year, he served as an executive in charge of People & Culture. CEO Cho will also concurrently serve as Chief Human Resources Officer (CHRO).

The new CEO, Cho Namseong, plans to strengthen his support role by quickly facilitating business execution and by transplanting Musinsa’s unique organizational structure globally as the company expands onto the world stage.

Cho Manho, who oversees the entire business division, will also concurrently serve as Chief Detail Officer (CDeO). The C-level executives under Cho Manho’s business division include Choi Jaeyoung as Chief Commerce Officer (CCO), Choi Woonsik as Chief Brand Officer (CBO), Park Junyoung as Chief Global Officer (CGO), and Jeon Junhee as Chief Technology Officer (CTO). In the business support division led by CEO Cho Namseong, Choi Youngjun has been appointed as Chief Financial Officer (CFO), Lee Jaehwan as Chief Legal Officer (CLO), and Lee Seungjin as Chief Public Relations Officer (CPRO).

To strengthen responsibility management by business area, Musinsa will grant greater responsibility and authority to C-level executives, operating them flexibly and dynamically based on annual performance.

A Musinsa representative stated, "Through this comprehensive restructuring of our management system, we plan to strengthen responsibility and authority by area while building a smaller and faster decision-making structure to further enhance execution. We will accelerate our growth toward becoming Korea's leading global fashion company."

Meanwhile, Park Junmo, who has established stable processes in Musinsa’s global business, product, and tech sectors, will step down to an advisory role as he prepares for his next personal challenge.

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