KGC Ginseng Corporation announced on the 12th that it will maximize expertise in each business sector by introducing a dual CEO system for domestic and overseas operations at its shareholders' meeting.
Newly appointed CEO Lim Wang-seop will oversee domestic operations of KGC Ginseng Corporation, while CEO An Bin will manage overseas operations. KGC Ginseng Corporation stated it aims to create synergy through the dual CEO system to enhance the brand equity of the Jeonggwanjang brand, representing 'K-health functional foods,' and to improve marketing competitiveness amidst a rapidly changing business environment. At the same time, it plans to focus on expanding into the global market and increasing revenue. The health functional foods business is one of the three core businesses of KT&G.
KGC Ginseng Corporation announced that it will accelerate balanced growth at home and abroad based on a swift and efficient decision-making system.
CEO Lim Wang-seop is a marketing expert who has enhanced platform portfolio competitiveness at KT&G. He increased consumer convenience through systematic branding and changes and innovations for the enhanced electronic cigarette device.
CEO An Bin increased the proportion of overseas business sales in 2024 through tailored product development and channel expansion for each country.
KGC Ginseng Corporation noted, "As uncertainties increase both domestically and internationally, we introduced the dual CEO system to enhance expertise and efficiency," and added, "Based on the changes and innovations we have built up, we will lead the paradigm shift in the health functional food market."