Chairman Baek Jeongho of Dongsung Chemical Receives 'Korean CEO Award'

Diversifying Portfolio Across Chemicals, Automotive, Packaging, and Construction
Continued Mecena Activities... Supporting Promising Classical Musicians

Baek Jeongho, chairman of Dongsung Chemical, has been awarded the 55th 'Korean CEO Award.' He was recognized for his contributions to strengthening the nation's industrial competitiveness through a materials business based on polyurethane technology.

Chairman Baek received the award at the 'Korean CEO Awards Ceremony' held on the 23rd at the Grand Hyatt Seoul in Yongsan-gu, Seoul. The Korean CEO Award has been presented annually by the Korea Management Association since 1969 to business leaders who have driven the development of the domestic economy. In his acceptance speech, Chairman Baek stated, "I will accept this as a mission to bring about positive change in the national industry," and added, "I will continue to pursue technological innovation without pause."

Baek Jeongho, chairman of Dongsung Chemical (right), poses for a commemorative photo with Lee Bongseo, chairman of the Korea Management Association, after receiving an award at the 'Korean CEO Awards Ceremony' held on the 23rd at the Grand Hyatt Seoul in Yongsan-gu, Seoul. Dongsung Chemical

He has diversified Dongsung Chemical's business portfolio by expanding the application of polyurethane technology not only to chemical·automotive·packaging·construction materials but also to LNG carrier insulation materials produced by the subsidiary Dongsung FineTec, and to medical devices and skin improvement cosmetic materials of Genewel. The company explained that strategic decisions, such as establishing polyurethane production plants in Indonesia in 1994, China in 2002, and Vietnam in 2006, became the key drivers of the group's growth. Recently, the company has accelerated its global market expansion by building an additional polyurethane production plant in Indonesia.

Chairman Baek was also highly regarded for his commitment to social responsibility management through continuous mecena activities. Mecena refers to corporate support for the arts and culture sector. In 2021, he established the Busan Mecena Association, and since last year, he has been actively supporting the development of cultural talent by sponsoring promising classical musicians.