Kim Byung-joon, full-time advisor of the Korea Economic Association (HanKyungHyup), will step down from his advisory position as of the 28th of this month.
According to the business community on the 26th, Advisor Kim decided last August after internal discussions to conclude his position starting this month.
Some have raised concerns about collusion between politics and business regarding Kim's maintenance of his full-time position. In particular, the Samsung Compliance Committee pointed out Kim's position issue during the discussion of HanKyungHyup membership fee payment in July last year and withheld approval.
Advisor Kim has stated that he will completely sever ties with HanKyungHyup and will not engage in any separate activities going forward.
Kim served as acting president for about six months after former chairman Huh Chang-soo retired in February 2023, and has since been active as an advisor.
One of his main tasks was to facilitate the rejoining of the four major conglomerates (Samsung, SK, Hyundai Motor, LG) to HanKyungHyup, which he successfully achieved last August after seven years. He also positively evaluated the recent expansion of membership with IT companies such as Naver, Kakao, HYBE, and Dunamu joining.
Going forward, Advisor Kim plans to completely sever his relationship with HanKyungHyup and will not take on any official roles. However, he is open to providing advice if necessary. He intends to focus on his role as chairman of the Community Chest of Korea.
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