SK Chief Likely to Take Helm of Chamber of Commerce

  • By Lee Sung-hoon

    January 08, 2021 13:30

    SK Group chairman Chey Tae-won will likely become the new chairman of the Korea Chamber of Commerce and Industry.

    The chamber's board will nominate Chey as its next chief in its meeting on Feb. 1, and since he is the sole candidate a congress will probably elect him later that month.

    Chey Tae-won

    He becomes the first KCCI chief from one of the top four conglomerates -- Samsung, Hyundai Motor, SK and LG.

    The KCCI consists of 180,000 member companies and has chosen its chief since 1954.

    There have long been calls for one of the top chaebol chiefs to lead the KCCI. The rival Federation of Korean Industries has lost its luster as the big business lobby after Samsung, Hyundai and SK withdrew from it over a scandal involving disgraced President Park Geun-hye in 2016.

    "Many KCCI members have urged Chey to take the helm because he can motivate younger conglomerate leaders who have succeeded to the family business," an executive said. "It seems Chey has decided to accept."

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