Samhwa Paint said on the 5th that it promoted Vice President Kim Hyun-jung to president and appointed her as the new CEO. With this, Samhwa Paint will shift to a dual, separate-representation system in which current CEO Bae Maeng-dal and new CEO Kim Hyun-jung jointly lead the company.
New CEO Kim is the eldest daughter of the late Chairman Kim Jang-yeon and a third-generation Oner executive with expertise in accounting and law. After graduating from Korea University, Kim passed the certified public accountant exam, then graduated from Hanyang University Law School and obtained an attorney's license. Kim joined Samhwa Paint in 2019 and served as head of the global strategy support office and head of management support. In 2024, Kim was promoted to vice president.
Samhwa Paint's latest personnel move came after Chairman Kim Jang-yeon died on the 16th. On the 2nd, new CEO Kim inherited the 22.76% equity that Chairman Kim held and became the largest shareholder with 25.8%.
A Samhwa Paint official said, "New CEO Kim Hyun-jung has proven outstanding capabilities across overseas business and management support," adding, "We expect Kim to play a key role in helping the company grow into a global, integrated chemical company beyond Korea."