Seong-Jin Seo, Chairman of Celltrion, Retires Today... Plans to Start a Startup

by Cho Seongpill

Published 31 Dec.2020 20:27(KST)

Seo Jung-jin, Chairman of Celltrion

[Asia Economy Reporter Seongpil Cho] Seo Jung-jin, the chairman who built Celltrion into a large bio company with a market capitalization of 48 trillion won, will step down from his position on the 31st.

A Celltrion official said, "Chairman Seo plans to start a startup in the ubiquitous healthcare (telemedicine) field after retirement." Seo will officially retain his title until a new chairman of the board is elected at the shareholders' meeting in March next year, but in practice, he will perform his duties as chairman only until today.

Seo made Celltrion a large bio company with consolidated sales of 1.1285 trillion won and operating profit of 378.1 billion won as of the end of last year. As of today, Celltrion's market capitalization is 48.4642 trillion won. It has grown nearly 50 times in size in 12 years since it was backdoor-listed by acquiring ORChem in September 2008.