The Korea Times close
National
  • Politics
  • Diplomacy
  • Defense
  • Labor & Environment
  • Law & Crime
  • Health & Welfare
  • Embassy
  • Seoul & Provinces
  • Education
  • Foreign Communities
  • Obituaries
  • Multicultural Youth Award
Biz & Tech
  • Auto
  • IT
  • Game
  • Manufacturing
  • Retail & Food
  • Energy
  • Construction
  • Airlines
Finance
  • Policies
  • Economy
  • Markets
  • Banks
  • Non-banks
  • Economic Essay Contest
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
Lifestyle
  • Arts
  • Books
  • Travel & Cuisine
  • Trend
  • Fashion
  • Around Town
  • Fortune Telling
Entertainment
  • K-pop
  • K-dramas & Shows
  • Movies
  • Music
  • Performances
  • Asia Model Festival
Sports
  • Football
  • Golf
  • Baseball
  • Other Sports
World
  • Asia Pacific
  • Americas
  • Europe & Africa
  • SCMP
Video
  • On the Spot
  • Feature
  • News
Photos
  • Photo News
  • Darkroom
Community
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Biz & Tech
  • Auto
  • IT
  • Game
  • Manufacturing
  • Retail & Food
  • Energy
  • Construction
  • Airlines
Mon, January 18, 2021 | 04:08
Manufacturing
Pusan National University emerging as corporate elite base
Posted : 2018-06-26 17:17
Updated : 2018-06-27 18:02
Mail
Print Preview
Font Size Up
Font Size Down
By Nam Hyun-woo

Choi Jeong-woo, POSCO chairman nominee
Choi Jeong-woo, POSCO chairman nominee
Pusan National University (PNU) is emerging as an elite base for domestic conglomerates, with a number of the university's alumni taking over key posts at leading corporations recently.

The most highlighted PNU alumni is Choi Jeong-woo, who was nominated as chairman for steel giant POSCO.

Choi, who graduated from the university's economics department, has built his reputation as a specialist in finance, after serving as chief financial officer for the group's non-steel affiliates.

His nomination came as a surprise to industry officials as POSCO's chairmanship has long been held by those who graduated from Seoul National University's (SNU) Department of Materials Science and Engineering, having had a background as engineers and served as heads of a POSCO steel mill

Choi's surge was interpreted as POSCO's bid to lower its reliance on steel and diversify its business portfolio, as Choi has experience in various POSCO businesses. Also, his "neutral" background was a plus, given POSCO has long been criticized for limiting its chairman pool to graduates of the SNU department.

Choi Jeong-woo, POSCO chairman nominee
Ha Hyun-hoi, LG Corp. president
Along with Choi, LG Corp. President Ha Hyun-hwoi is another PNU graduate making headlines recently. LG Corp. is the holding company of LG Group.

Ha, who earned his degree at the PNU College of History, was promoted to his current post at the end of last year and garnered keen attention for presiding over a group-wide meeting in which LG affiliates reported their business outcomes and strategies earlier this month.

Observers say Ha's role in LG is expected to expand in the future, citing he had LG heir-apparent Koo Kwang-mo on his team in 201.

Lotte Corp., the holding company of Lotte Group, also has a PNU graduate in a key post. Lotte Corp. President Lee Bong-chul, who graduated from the PNU Department of Business Administration, was promoted to the post in January for his help in restructuring the group into a holding company system.

Through restructuring, Lotte Group broke its circular shareholding structure, and was chosen as model case by the Fair Trade Commission.

CJ CheilJedang CEO Shin Hyun-jae also earned a degree in business administration at PNU. Shin was named chief of the food giant in November last year and reportedly is "one of the most trusted figures" of CJ Group Chairman Lee Jay-hyun.



Emailnamhw@ktimes.com Article ListMore articles by this reporter









 
WooriBank
 
  • A message to LG Electronics
  • Holographic performances of dead stars welcomed, with caution
  • Why does Mirae Asset founder side with Beijing against Jack Ma?
  • People allowed to drink coffee inside cafes from Monday
  • Woman arrested for allegedly abandoning newborn baby
  • 'South Korea widens gap with North in military strength'
  • UK man offers £50 million COVID-19 relief funds to search dump for bitcoin bounty
  • US Forces Korea issues 'shelter in place' amid COVID-19 outbreaks in barracks
  • 2021 expected to be banner year for Kakao Bank, Toss
  • Biz community calls for leniency for Lee Jae-yong
  • Bear Grylls goes on safari in trailer for Netflix interactive special Bear Grylls goes on safari in trailer for Netflix interactive special
  • Music publishing sector booming with high-profile sales Music publishing sector booming with high-profile sales
  • Selena Gomez: Big Tech 'cashing in from evil' Selena Gomez: Big Tech 'cashing in from evil'
  • Betty White marks 99th birthday Sunday; up late as she wants Betty White marks 99th birthday Sunday; up late as she wants
  • A look ahead at ballet performances in 2021 A look ahead at ballet performances in 2021
DARKROOM
  • Second Trump impeachment [PHOTOS]

    Second Trump impeachment [PHOTOS]

  • Pro-Trump rioters breach the US Capitol

    Pro-Trump rioters breach the US Capitol

  • Our children deserve better (Part 2)

    Our children deserve better (Part 2)

  • Migrants hard hit by COVID-19: UN migration agency

    Migrants hard hit by COVID-19: UN migration agency

  • Happy New Year 2021

    Happy New Year 2021

WooriBank
  • About Korea Times
  • CEO Message
  • Times History
  • Content Sales
  • Media Kit
  • Contact Us
  • Location
  • Privacy Statement
  • Terms of Service
  • Mobile Service
  • RSS Service
  • Ombudsman
  • hankookilbo
  • Dongwha Group
  • Code of Ethics
Copyright