Regular Executive Personnel Announcement on the 10th, All Representatives Retained
30 Promotions Including 4 Vice Presidents... Effective January 1 Next Year
"Focus on Stable Organizational Management Amid Significant Internal and External Uncertainties"
Department Store Representatives Prioritize Handling Daejeon Outlet Accident
[Asia Economy Reporter Yuri Kim] The heads of Hyundai Department Store Group’s affiliates have all been retained. This decision emphasizes stable organizational management rather than major changes amid growing uncertainties in the domestic and international business environment, including concerns over a global economic downturn. The head of the department store, whose position was under scrutiny following the recent fire accident at Hyundai Premium Outlet Daejeon, has also been retained, reflecting a commitment to prioritize accident recovery.
On the 10th, Hyundai Department Store Group announced that it has carried out regular executive appointments effective January 1 next year, including 30 promotions and 22 transfers, totaling 52 personnel, among them 4 vice presidents and 6 senior managing directors.
A Hyundai Department Store Group official said, "In an increasingly uncertain domestic and international business environment, we focused on stable organizational management rather than major changes in this 2023 regular executive appointment. We will pursue growth and change within the stable framework where all affiliate CEOs remain in their positions." The plan is to ensure stable organizational management at the year-end, when next year’s business plans and management strategies are being actively developed, to achieve connected business performance in the coming year.
He added, "There are no new promotions to president in this regular executive appointment, but the scale of personnel changes is similar to previous years. A notable feature is the large-scale appointment of young talents with both expertise and drive, positioning next-generation leaders in key roles across affiliates." Hyundai Department Store Group explained, "This also signifies securing new leadership to invigorate the organization and maximize core competitiveness, preparing for the group’s future innovation and sustainable growth."
Min Wang-il, Executive Vice President and Head of Management Support Division at Hyundai Department Store (Photo by Hyundai Department Store Group).
Min Wang-il, promoted to vice president and head of Hyundai Department Store’s Management Support Headquarters, was born in 1967. He graduated from Korea University’s Business Administration Department and joined Hyundai Department Store in 1993. He has served as managing director in charge of accounting, managing director in charge of finance, and senior managing director of the Management Support Headquarters.
Yoon Young-sik, vice president and head of Hyundai Department Store’s Planning and Coordination Headquarters, was born in 1969 and graduated from Busan National University’s Business Administration Department. He joined Hyundai Department Store in 1994 and has held positions including managing director of the Future Strategy Team in the Planning and Coordination Headquarters, managing director and CEO of Hyundai Dream Tour, and senior managing director of the Management Strategy Office in the Planning and Coordination Headquarters.
Yoon Young-sik, Head of Planning and Coordination Division at Hyundai Department Store (Vice President) (Photo by Hyundai Department Store Group).
Lee Heon-sang, vice president and head of Hyundai Green Food’s Product Headquarters, was born in 1966. He graduated from Korea University’s Food Engineering Department and joined Hyundai Department Store in 1992. He has served as managing director and store manager of Hyundai Department Store Pangyo Branch, senior managing director and store manager of Hyundai Department Store Trade Center Branch, and senior managing director of Hyundai Green Food’s Product Headquarters.
Park Min-hee, vice president of Hyundai Livart, was born in 1967. She graduated from Chung-Ang University’s Business Administration Department and joined Hyundai Department Store in 1990. She has held positions including managing director in charge of management at Hyundai Home Shopping, managing director in charge of finance at Hyundai Department Store, managing director of the Management Strategy Office in the Planning and Coordination Headquarters, and senior managing director of Hyundai Livart’s Sales Headquarters.
Below is the list of Hyundai Department Store Group’s 2023 regular executive promotions.
◇ Promotions (30 people)
◆ Hyundai Department Store
▲ Vice Presidents
Min Wang-il (Head of Management Support Headquarters), Yoon Young-sik (Planning and Coordination Headquarters)
▲ Senior Managing Directors
Cha Jun-hwan (Pangyo Branch Manager), Lee Jong-geun (Head of Management Strategy Office)
▲ Managing Directors
Jo Bang-hyung (Cheonho Branch Manager), Jang Woo-seok (Head of Food Business Division), Lee Dae-hee (Head of Talent Development Center), Oh Hyung-man (Mia Branch Manager), Kim Nak-seo (Head of Business Development Team), Kim In-hwan (Head of Management Improvement Team)
◆ Hyundai Green Food
▲ Vice President
Lee Heon-sang (Head of Product Headquarters)
▲ Senior Managing Director
Lee Jin-won (Head of Management Support Office)
▲ Managing Directors
Ryu Ji-won, Lee Hyung-gu (in charge of Hyundai Kia Motors)
◆ Hyundai Dream Tour
▲ Senior Managing Director
Jang Young-soon (CEO)
▲ Managing Director
Cheon Jeong-hyun (Head of Sales Headquarters)
◆ Hansome
▲ Managing Directors
Kim In-ho (in charge of management), Seo Seong-won (in charge of marketing), Seo Bo-gwang (Head of Overseas Fashion Division 3)
◆ Hyundai Livart
▲ Vice President
Park Min-hee
▲ Senior Managing Director
Kwon Tae-jin (Head of Sales Headquarters)
▲ Managing Director
Lee Wan-ho (Head of I&SD Business Division)
◆ Hyundai Rental Care
▲ Senior Managing Director
Kwon Kyung-ro (CEO)
◆ Hyundai L&C
▲ Managing Directors
Kim Hyung-guk (Head of Management Support Office), Park Tae-sik (Head of Sejong Business Site), Lee Dong-seop (Head of Window Business Division), Yoon Byung-in (Head of Tech Center)
◆ Hyundai Bio Land
▲ Managing Director
Moon Kyung-hwan (Head of Food Business Division)
◆ Hyundai Easywell
▲ Managing Director
Kim Chung-jin (Head of Welfare Consulting Headquarters)
◆ Hyundai Everdigm
▲ Director
Kim Jin-guk (Head of Hydraulic Production Division)
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