Kim Jeong-soo (61), vice chairman and CEO of Samyang Foods, has been confirmed to have stepped down from his position as CEO of Samyang Round Square (formerly Samyang Foods Group) on the 21st. This comes 1 year and 7 months after he took the CEO position in September 2023.
However, he will remain as an inside director and participate in the board of directors. He will also retain his position as CEO of Samyang Foods.
The new CEO of the holding company will be Jang Seok-hoon, head of the management support department at Samyang Foods.
A representative from Samyang Round Square noted, "This year is a crucial time for Samyang Foods with the completion of the Miryang Plant 2, expansion of overseas business, and tariff issues, so Vice Chairman Kim will focus on business aspects while the holding company will be operated under a professional management system for efficiency."
Vice Chairman Kim is the daughter-in-law of Jeon Jung-yoon, the honorary chairman and founder of Samyang Foods. She joined the company during the 1998 Asian financial crisis caused by the International Monetary Fund (IMF) and has served as the head of ESG (environmental, social, and governance) and the overseas sales department since 2021, after becoming the overall president of Samyang Foods in 2017.