Choi Chang-hee, CEO of Gongyoung Shopping, Resigns... "For Health Reasons"

Choi Chang-hee, CEO of Public Shopping

Choi Chang-hee, CEO of Gongyoung Shopping, will step down with five months remaining in his term. According to Gongyoung Shopping on the 26th, CEO Choi announced at the board meeting held on the 25th that he would resign as of the 31st of this month due to health reasons. His term is set to expire at the end of June this year.

Since his appointment in June 2018, CEO Choi has focused on innovative management while leading Gongyoung Shopping. Through these efforts, Gongyoung Shopping achieved a turnaround to profitability last year, its 5th anniversary, recording sales of 967.6 billion KRW and a net profit of 25 billion KRW. It also accomplished milestones such as being designated as an official mask sales outlet and attracting 4.5 million new customers.

Until a new CEO is appointed, Park Jin-sang, Head of the Management Support Division, will serve as acting CEO of Gongyoung Shopping. Gongyoung Shopping stated, "To minimize the CEO vacancy period, we will promptly form an executive recommendation committee and begin the process of appointing a new CEO."