Korea & Company Appoints CEO Kim Jun-hyun... Introduction of a professional management system

*This content was translated by AI.

Hankook & Company, a business holding company of the Korea & Company Group, said in a board resolution that it has appointed Kim Joon-hyun, vice president of the current management division, as its CEO. As a result, the company has shifted from the existing president Park Jong-ho's sole representative system to Park Jong-ho and Kim Jun-hyun's individual representative system. The personnel reshuffle is aimed at strengthening the strategic function and responsible management of the holding company to simultaneously promote the group's mid- to long-term growth base and shareholder value.

Korea & Company has been operating separately as a business general in charge of battery business and a management general in charge of holding company. Through each representative system, the business general is in charge of group strategy, capital efficiency, governance, and value enhancement of subsidiaries, and the business general is in charge of enhancing competitiveness and profitability in the main business. Kim Jun-hyun, CEO of each group, plans to establish and implement mid- to long-term growth strategies, enhance portfolio value, strengthen financial soundness and capital efficiency, establish a virtuous cycle of shareholder value, and advance governance centered on professional managers.

The company plans to increase strategy execution power centered on the holding sector and strengthen management stability through its own representative system. It also plans to increase the sustainability and predictability of shareholder return policies based on stable cash flows in line with the government's policy stance to enhance shareholder value. Korea & Company is promoting group-level strategy coordination and expansion of subsidiary synergy, focusing on core businesses such as tires, batteries, and thermal management, and is determined to connect affiliate competitiveness and group value through an integrated brand strategy. Kim Jun-hyun, the CEO of each company, is a professional manager who has gone through finance, strategy, and business management at accounting firms and large corporations, and is considered the right person to strengthen the execution power centered on holding companies.

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*This content was translated by AI.