Kwon Won-gang, Founder of Kyochon Chicken, Returns to Management After 3 Years

Appointment of Internal Director at the General Meeting of Shareholders on the 30th of This Month

Kwon Won-gang, former chairman of Kyochon F&B.

[Asia Economy Reporter Moon Hyewon] Kwon Won-gang, the founder of Kyochon Chicken, is expected to return to the forefront of management.

Kyochon F&B announced on the 15th that it plans to hold a shareholders' meeting on the 30th of this month to approve the appointment of former Chairman Kwon and former BR Korea Management Planning Director Yoon Jin-ho as inside directors.

A Kyochon F&B official stated, "If the appointment of former Chairman Kwon as an inside director is confirmed, the specific duties he will undertake will be decided later."

Kwon founded Kyochon Chicken in 1991 and managed the company for 28 years before stepping down in 2019.

In the year before his retirement, it was revealed that an executive of Kyochon Chicken, who is Kwon’s sixth cousin, assaulted an employee in a restaurant kitchen, leading to controversy that required Kwon to issue a direct apology.

At that time, as Kyochon F&B was preparing for its public listing, founder Kwon stepped down from the frontline of management to dispel the controversy and brought in Chairman So Jin-se to transition to a professional management system.

Meanwhile, former Chairman Kwon announced on the same day that he will donate 33 billion KRW from his personal funds to a mutual growth fund. He said, "The current Kyochon is the result of all franchise owners and partner companies, the Kyochon family, working together. It is only natural to share the fruits of our achievements together."