SK Square subsidiary 11Street held a board meeting on the afternoon of the 29th and appointed Park Hyun-soo, CBO (Chief Business Officer) of 11Street, as the CEO, it was announced on the 30th.
The newly appointed CEO Park Hyun-soo has successfully led the improvement of 11Street's business since being appointed as the head of management in 2018, serving as Corporate Center head and CBO.
In particular, based on extensive experience in finance, he has led the profitability-focused management that 11Street has actively pursued since last year, achieving a profit in operating income for 13 consecutive months (from March 2024 to March 2025) in the institutional sector of its core business, the open market.
He also enhanced the competitiveness of 11Street by introducing a seven-day delivery service while improving the profitability of the 'Shooting Delivery' service, which is based on direct purchasing. He has promoted cooperation with sellers by being the first in the industry to provide 'Reliable Settlement' services for rapid settlement for small and medium-sized sellers.
Park Hyun-soo, the new CEO of 11Street, said, 'I will prioritize the satisfaction of customers and sellers and further strengthen 11Street's competitiveness,' adding that 'this year, we will accelerate profitability improvements to lay the groundwork for a successful turnaround with a company-wide EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) profit, including the open market and retail businesses.'
Meanwhile, Ahn Jeong-eun, the former CEO of 11Street, reportedly expressed his intention to resign for personal reasons. Ahn assumed the role of CEO in January 2023.