Hyundai Asan appoints former vice minister as CEO

Home > Business > Industry

print dictionary print

Hyundai Asan appoints former vice minister as CEO

Hyundai Asan, an inter-Korean business arm under Hyundai Group, named Bae Kook-hwan, former second vice minister at the Ministry of Economy and Finance, as its new CEO on Monday.

The company said Bae has expertise dealing with inter-Korean business projects. He served as a member of a government committee for inter-Korean business when he was director at the Finance Ministry.

“We believe Bae will play an important role in making new inter-Korean business opportunities,” the company said in statement.

Hyundai Asan will formally appoint Bae as CEO after a shareholders meeting and board meeting next month.

On Monday, the company also hired back its former executive Kim Young-hyun. Kim was a founding member of Hyundai Asan in 1999 and was in charge of tour programs to Mount Kumgang and businesses at Kaesong Industrial Complex. He left the company in 2015.


By Kim Jee-hee

More in Industry

Work at home is not as easy as it sounds, ministry says

Flying visit

[NEWS IN FOCUS] Spotify is still almost here, and seems to be getting closer

Korea Inc. calls on Suga to relax border restrictions

House-bound consumers awaken a sleeping industry

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now