IMM Investment, Jiseong Bae, Jang Dongwoo, and Byeon Jaecheol to Lead as Three Co-CEOs

IMM Investment Co., Ltd. announced executive appointments on the 29th. Through this personnel change, the company aimed to establish a foundation for sustainable growth by appointing executives with outstanding capabilities and expertise as CEOs.

Jung Il-bu, head of the Venture Investment Division (CIO) at IMM Investment, has been appointed as the new CEO of ㈜IMM, the parent company of IMM Investment. Jung Il-bu, the new CEO (also serving as CIO of IMM Investment), previously worked in the Semiconductor General Technology Planning Team at Samsung Electronics. As a founding member of IMM Investment, he discovered and invested in numerous companies including FortyTwoDot, FuriosaAI, Ecopro, and Gentle Monster. He is currently serving as the head of the Venture Investment Division (CIO).

Meanwhile, Byun Jae-chul, head of the Growth Equity Investment Division (CIO), has been appointed as the new CEO of IMM Investment. Byun Jae-chul is a certified public accountant who worked at Samil PwC and joined IMM Investment in 2014. He played a key role in major investments such as Krafton, Celltrion, Gangdong Refrigeration, and GS ITM. Alongside CEOs Ji Sung-bae and Jang Dong-woo, CEO Byun Jae-chul will oversee the investment division of IMM Investment within a three-CEO system and work to build a foundation for sustainable growth.

An IMM Investment official stated, “2024 marks the 25th anniversary of IMM Investment’s establishment,” adding, “This personnel change was made to lay the groundwork for new growth and leap forward as the company enters its first quarter toward becoming a company that can last over 100 years.”