Kim Byung-joon Acts as FKI Chairman for 6 Months... "The Right Person to Lead Innovation"

[Asia Economy Reporter Park Sun-mi] The Federation of Korean Industries (FKI) has appointed Kim Byung-joon, chairman of the Community Chest of Korea, as the acting chairman and chairman of the FKI Future Development Committee, and will present this appointment at the regular general meeting on the 23rd.

On the 19th, the FKI explained the background of appointing Kim as acting chairman, stating, "He is the right person to temporarily lead the FKI and drive innovation, not only because of his extensive experience and scholarship but also because he shares the belief in the free market economy that the FKI pursues."

The FKI judged that it is currently an emergency situation requiring large-scale innovation and change. They saw the need for a savior who can objectively diagnose the FKI and lead organizational change. Under this assessment, Lee Woong-yeol, chairman of the FKI Chairman Candidate Recommendation Committee, met with various figures and listened to many opinions while contemplating ways to overcome the FKI’s situation.

Lee Woong-yeol, chairman of the candidate recommendation committee, said, "The FKI is currently in a crisis situation, still being shunned by companies that have withdrawn and the public," and added, "In this situation requiring drastic measures, we recommended Kim Byung-joon, chairman of the Community Chest of Korea, as the right person to lead reform with an objective perspective and outstanding capabilities."

He continued, "Kim is expected to lay the foundation for a new FKI over the next six months and truly transform it into an organization that breathes together with the public again," adding, "After the promised period, he will be evaluated based on the results."