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Biz News Korea(Eng)
CJ Group chairman likely to head Federation of Korean Industries
- Collected
- 2017.02.20
- Distributed
- 2017.02.21
- Source
- Go Direct
Sohn Kyung-shik, co-chairman of CJ Group
The FKI announced Friday that it will hold a general meeting on February 24 to vote on appointing Sohn as its next chairman. It is currently headed by GS Group Chairman Huh Chang-soo.
The business organization customarily takes a step of inaugurating the new chairman at a general meeting after it internally selects the new leader in a unanimous vote by its vice chairpersons and announces the appointee to the public.
Once the most powerful business organization in the country, FKI came under fire for acting as a middleman to arrange corporate donations to groups run by President Park Geun-hye’s confidante Choi Soon-sil. It is expected to head toward dissolution after country’s major conglomerates including Samsung pulled out of the organization and other companies are appeared to follow the suit.
By Jung Wook
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]