Park Jae-hyuk is a seasoned journalist who has provided comprehensive coverage of South Korea's corporate dynamics, economic policies, industry challenges and the global positioning of Korean companies. Based on the articles he has written since joining The Korea Times in 2016, his investigative approach has helped readers understand corporate governance, economic trends and business strategies shaping South Korea’s economy.
Amway Korea appoints new CEO
By Park Jae-hyuk
Kim Jang-hwan
By Park Jae-hyuk
Amway Korea appointed former chief operating officer Kim Jang-hwan, 53, as its new CEO, Tuesday. He will take lead of the local unit of the U.S.-headquartered multi-level marketing firm in June to succeed incumbent head Park Se-joon.
After joining the company in 1993, Kim worked for divisions such as finance, personnel, procurement, sales and marketing. One of his major achievements was establishing a logistics center in Busan which deals with distribution in the Asia-Pacific region. Cooperating with government-related organizations in 2003, he also improved awareness of multi-level marketing.
Observers point out that the new CEO is expected to satisfy the company’s business partners and consumers, as well as spur growth.
According to Amway Korea, Kim has been known as an active leader who respects outside-the-box ideas from his staff and understands other people’s emotions. Based on the company’s vision, “Helping people live better lives,” he has tried to bring a work-life balance to the firm.
“Regardless of their academic background, age and sex, I hope everyone lives better lives through Amway’s vision and values,” Kim said. “Through the servant leadership which offers a better future and sustainable growth to our consumers and 1.2 million partners, I promise to make Amway enjoyable.”