Toray Advanced Materials announced that Chairman Lee Yong-kwan (photo·78) retired on the 31st of last month. After retirement, Chairman Lee is set to serve as the chairman of the Korea Toray Science Foundation.
Chairman Lee graduated from the Hongik University Department of Chemical Engineering and joined the former Samsung Group Jeil Synthetic Fiber, a predecessor of Toray Advanced Materials, in 1973, rising to CEO in 1999 and chairman in 2013. He was recognized for his contributions to the development of the materials business and received numerous awards, including the Gold Tower Industrial Medal at the National Quality Management Competition in 2003, the Korean Management Award in 2009, and the grand award in 2012.