"Im Sang-min, Younger Brother of Im Se-ryeong, Promoted to Vice President... 'Daesang Group's Sister Management in Full Swing'"

Lim Sang-min, Executive Vice President in charge of strategy at Daesang and younger brother of Lim Se-ryung, Vice Chairwoman of the Daesang Group, has been promoted to Vice President. This promotion is expected to further accelerate the third-generation sibling management of the Daesang Group centered around Vice Chairwoman Lim and Vice President Lim.

Im Sang-min, Vice President of Daesang Group, and Lim Se-ryung, Vice Chairman of Daesang Group (from left)

Daesang announced on the 23rd that Executive Vice President Lim has been promoted to Vice President. This comes 6 years and 4 months after his promotion to Executive Vice President in December 2016.

Vice President Lim graduated from Ewha Womans University with a degree in History and completed an MBA program at London Business School in the UK. After working in the investment screening department at UTC Investment, he joined Daesang Corporation's Process Innovation (PI) headquarters in August 2009, where he was involved in group management innovation tasks. He later served as Deputy Head of the Planning and Management Headquarters and currently holds the position of Executive Vice President in charge of strategy.

Vice President Lim, along with Vice Chairwoman Lim, leads the group’s management, including new business development. He has been recognized for his capabilities by achieving improvements in management efficiency through the absorption and merger of existing affiliates and restructuring of the business portfolio. In addition, he has delivered results in securing future growth engines, promoting strategic tasks for sustainable management, establishing global production bases, and executing strategic M&A.

A Daesang representative said, “Vice President Lim leads strategy formulation and execution with practical leadership,” adding, “His promotion to Vice President was decided to effectively respond to the rapidly changing domestic and international business environment and to swiftly and accurately advance the group’s mid- to long-term strategies.”