SK Group Chairman Choi Tae-won will be elected solely as the next Chairman of the Korea Chamber of Commerce and Industry. For the first time that the chairman of the 4th group will be the chairman of the Daehan Award, expectations for the role of Chairman Tae-won Choi’s “financial center” are rising.
According to the business community on the 31st, the Seoul Chamber of Commerce and Industry’s chairmanship will hold a regular meeting on the 1st and elect Choi as the next chairman. At this meeting, Chairman Tae-won Choi is elected solely as the president of the Seoul Prize, and is finally elected as the president of the Seoul Prize at the extraordinary general meeting of parliamentarians held on the 23rd of next month.
According to the articles of incorporation that the president of the Seoul Award will also serve as the president of the Korea Award, Chairman Choi is scheduled to take the place of chairman of the Korea Award after going through a general meeting of members of the Korea Award in March.
This is the first time that the head of the four major domestic groups will be the chairman of the Daehan Award. Chairman Choi, who has not officially revealed his position even to the numerous next president-elect Hamapyeong, is reported to have confirmed whether he will accept the position of chairman after being officially appointed on the 1st of next month.
In the business world, it is observed that if Chairman Choi takes over as the chairman of the Daehan Sangsang, he will be particularly active in the field of ESG management.
As a recent internal and external move, Chairman Choi is emphasizing not only internal and external implementation of ESG (environmental, social, governance) management, but also solidarity with the company, the government, and the society. In addition, ESG management has been a management topic of companies preparing for the post-Covid-19 era. In his New Year’s address earlier this year, Chairman Choi delivered a message saying, “Let’s empathize with society and work together to solve problems.”
Also, as Chairman Choi is at the forefront of management, it is expected that he will actively represent the voices of companies. Chairman Choi is the head of the four major domestic groups and has a great influence in the business world, and has already led the meetings of group heads such as Samsung, Hyundai Motor Company, and LG.
In particular, it is evaluated that it can encompass even small and medium-sized businesses and small business owners in that Chairman Choi has emphasized’shared growth’ with creation of social value as a core management philosophy.
A business official said, “Chairman Choi has shown extraordinary management steps in strengthening SK’s social responsibility and role, and has played a prominent role as the eldest among business leaders.” Of course, there is a high expectation that it will actively represent the various difficulties of entrepreneurs who are working for economic development.”
Meanwhile, the term of office of the chairman of the Korean Chamber of Commerce is three years and can be reappointed once. Chairman Park Yong-man, who has been leading the Korean Chamber of Commerce for the 7th year since August 2013, will end his term in March.
Global Economic Reporter Hyunjoo Han [email protected]