June 05, 2020

Over 100 chaebol scions under 50 serve as execs

PUBLISHED : January 28, 2019 - 10:14

UPDATED : January 28, 2019 - 10:14

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[THE INVESTOR] More than 100 members of Korea’s major conglomerate owner families under the age of 50 are serving as executives, with three heading their groups, a corporate tracker said on Jan. 28.

A total of 130 members of the nation’s 200 leading conglomerate owner families who were born in 1970 or later hold executive titles, according to the Korea CXO Institute.

Of the total, three serve as chairmen of their conglomerates, with nine others holding No. 2 positions.

At 41, LG Group Chairman Koo Kwang-mo is the youngest conglomerate leader. Koo took the helm at Korea‘s fourth-largest family-controlled conglomerate last year following his father’s death.

Others include Chung Ji-sun (46), chairman of Hyundai Department Store Group, and Lee In-ok (48), chief of Chosun Refractories.

The nine No. 2 position holders include Chung Eui-sun (48), executive vice chairman of Hyundai Motor Group, the world’s fifth-largest automaker.

A total of 38 owner family members hold CEO titles, with 34 others serving as vice president. Twenty women, including President and CEO of Hotel Shilla Lee Boo-jin (48), hold executive titles, accounting for 15.4 percent of the total.

Of the 130, the largest number, 12, were born in 1977, turning 42 this year. The youngest executive is Han Seung-woo (27), who serves on the board of underwear maker BYC, according to the institute.

By Ram Garikipati and newswires (

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