The Korea Times
HS Hyosung Chairman Kim Kyoo-young began his official duties on Thursday as the advanced materials conglomerate’s first head without ownership ties, as it seeks to establish a more professional decision-making system. Kim made headlines in December when he was appointed chairman — a position above owner Vice Chairman Cho Hyun-sang — in what was seen as a rare move in the Korean business community, where ownership and management are typically intertwined. The group said Kim’s chairmanship is in line with Cho’s philosophy of separating ownership and management, in order to establish a more rational and professional decision-making structure. Kim’s leadership will strengthen transparency and accountability of the group, enhancing long-term corporate value, the group said. Kim joined Tongyang Nylon, the predecessor of Hyosung Group, in 1972. Over more than five decades, he has held key posts including factory manager of plants in Eonyang, near Ulsan, and Anyang, Gyeonggi Province; president of China operations; chief technology officer; and head of the Hyosung Technical Institut
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