Oh named as Dongbu chairman

By Kim Yoo-chul

Oh Myung

Mid-tier conglomerate Dongbu Group has named former Technology Minister Oh Myung as chairman of the group’s electronics, information technology and semiconductor businesses.

``We strongly believe Oh will significantly help the group see a rapid rise as a major electronics company because he has a proven track record in handling Korea’s information technology-related policies over a long period of time,’’ the group said in a statement.

The new chairman was also named as the chief executive of the group’s semiconductor affiliate Dongbu HiTek.

``He will entirely control Daewoo Electronics, Dongbu HiTek, Dongbu Robot and Dongbu LED, while the existing chairman, Kim Joon-ki, will handle the rest,’’ according to the statement.

Oh was a bureaucrat for 30 years and considered as one of the key men who significantly helped the nation’s information technology industry see external growth.

He was also a vice prime minister and an advisor for science and technology policies for the presidential office.

Dongbu recently completed its acquisition of Daewoo, the nation’s third-biggest home appliance maker.