Dot-com industrialist to head bank’s board

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Dot-com industrialist to head bank’s board

Chung Moon-soul, a former president of Mirae, a semiconductors appliance maker, will replace Kim Sang-hoon as the chairman of the board at Kookmin Bank, the bank said yesterday. Mr. Chung established Mirae in 1983; its listing on the U.S. Nasdaq exchange in 1999 was the first listing by a Korean company there. In May 1999, he established Lycos Korea and became one of the leaders of the dot-com boom in Korea. In 2001, he resigned from the two companies, saying that ownership and management should be separated, and handed over the posts to professional managers. After his retirement, he donated 30 billion won ($26 million) to the Korea Advanced Institute of Technology to fund a bioengineering department there. by Kim Chang-gyu

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