He joined Poongsan Corp.’s former entity, Poongsan Metal, in 1982 and was promoted as Poongsan’s chief executive in 1997 before becoming its chairman in 2000. He graduated from an international high school in Japan, majored in English language and literature at Seoul National University and studied business administration at Dartmouth College in the US. Its leader Ryu, however, has been a high-profile figure in the international community. HIGH-PROFILE FIGURE IN INTERNATIONAL COMMUNITY “With his outstanding experience, knowledge and vast human network on the global stage, Ryu is the right person to transform our organization into a global think tank and an economic entity,” the FKI said.īetter known as an ammunition manufacturer in overseas markets, Poongsan has kept a low profile in Korea because of its identity as a defense company.Ī non-ferrous metal smelter, Poosang produces various types of ammunition and artillery shells. 22 to officially appoint Ryu, 65, as its new chairman.Īs part of the rigorous restructuring, the business lobby group will also rebrand as the tentatively named Korea Businesspeople Association after merging with an affiliated research firm, the Korea Economic Research Institute (KERI), to transform into a think tank while representing the interest of Korea’s leading businesses.

The FKI said on Monday it will hold an ad-hoc general meeting on Aug. The Poongsan chairman, whose Korean name is Ryu Jin, will be tasked with drastically reforming the FKI, long plagued by scandals and indecent collusion with politicians. Jin Roy Ryu, chairman of South Korea’s leading copper smelter and defense equipment maker Poongsan Corp., has been chosen to lead the country’s top business lobby group, the Federation of Korean Industries (FKI). Poongsan　Chairman　Jin　Roy　Ryu　will　become　the　new　chairman　of　the　FKI,　Korea's　top　business　lobby　group

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