• Chairman of Hyundai Department Store
    Chung Ji-sun

    Became Chairman at 35, Shows Cautious Management, Explores Diversification

    Last Updated on Jul 29, 2024

      Copy Url : https://www.koreawho.com/profile/ChungJisun

Life Summary
Chung Ji-sun is the Chairman of Hyundai Department Store Group. He also serves as the CEO of Hyundai Department Store.

Aiming for a total sales target of KRW 40 trillion (US$ 28.8 billion) by 2030, he is pursuing new investments and mergers and acquisitions (M&A) while actively engaging in new businesses in the healthcare, bio, eco-friendly, and senior-friendly sectors.

In the distribution sector, he is focusing on turning the duty-free business into a new growth engine and striving to create synergy by expanding distribution channels for food, fashion, and furniture in the manufacturing sector.

Born on October 20, 1972, in Seoul, he is the eldest son of Chung Mong-keun, Honorary Chairman of Hyundai Department Store, and the grandson of Chung Ju-yung, the founder of Hyundai Group.

After graduating from Kyungbock High School in Seoul, he attended Yonsei University, majoring in sociology, before studying at Harvard University in the United States.

He joined Hyundai Department Store as a manager in the management department, and progressed through roles including Director of Planning, Vice President in charge of planning and management, and General Vice Chairman of Hyundai Department Store Group.

He became Vice Chairman in his early 30s and was appointed Chairman at the age of 35, initially demonstrating a cautious management approach.

However, he gradually showed enthusiasm for mergers and acquisitions, acquiring Livart, Handsome, SK Networks' fashion division, Hanwha L&C, Hyundai Bioland, and Zinus.

He is expanding the duty-free business by opening stores in Dongdaemun and Incheon Airport following the Trade Center branch of Hyundai Department Store. Through the fashion subsidiary Handsome, he is diversifying the business by starting a cosmetics business.

He shows warm leadership by communicating freely with employees.

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