On the 28th, semiconductor, solar, and display equipment corporation Jusung Engineering announced that it appointed Vice Chairman Lee Woo-kyung and President Hwang Eun-seok as new co-CEOs during a board meeting. As a result, the company will be managed under a three-person co-CEO system, adding the newly appointed duo to the existing CEO Hwang Cheol-joo.
Chairman Hwang is expected to focus on research and development. Additionally, as chairman of the board, he will oversee the operation of the meeting body that presents the company's future plans and decides on key matters. The vice chairman will oversee all tasks related to sales and operations.
Hwang's son, President Hwang, plans to oversee all tasks related to management and strategic planning. He intends to promote the establishment of a predictable and sustainable management system. A Jusung Engineering official noted, "The aim is to enhance operational efficiency by strengthening expertise in each field," adding that the company will seek professional management and work efficiency in each institutional sector.
With this, Jusung Engineering has officially begun second-generation management since its founding in 1993. Founded by Chairman Hwang, Jusung Engineering was the first to develop equipment exclusively for semiconductor capacitors, expanding its semiconductor equipment business and also entering the display and solar equipment sectors.
Jusung Engineering also announced its preliminary results for the first quarter. Operating profit was 33.9 billion won, a 382.3% increase compared to the same period last year, while sales amounted to 120.8 billion won, up 113.6% year-on-year. Net profit for the period rose 72.3% to 27.7 billion won.