FKI elects Kim Kak-Choong new chairman

The Federation of Korean Industries (FKI) held its 40th general meeting Thursday at its headquarters in central Seoul and elected Kim Kak-Choong, 76, chairman of Kyungbang Ltd., as its 27th chairman. The FKI also newly included among its board chairmen six young businessmen, including Sin Dong-Bin, 46, vice chairman of Lotte Group, in a bid to breathe vitality into the organization.

Those newly elected included Park Young-Ju, 61, chairman of Eagon Industrial Co.; Huh Young-Sup, 60, chairman of Korea Green Cross Corp.; Choi Yong-Kwon, 50, chairman of Sam Whan Corp.; Kim Yoon, 48, vice chairman of Samyang Corp.; and Ryu Jin, 43, chairman of Poongsan Corp. FKI officials said that with the move, the number of chairmen in their 40s increased to five from the previous two, including Kim Seung-Youn, chairman of Hanwha Group, and Lee Woong-Yeul, chairman of Kolon Group.

In the meeting, the FKI also adopted a resolution calling for the industry¡¯s devotion to developing the nation into an advanced country in the 21st century.

Yonhap