Difficulty of "golden spoon" that President KOLON declared to withdraw in full action

"Thanks to the birth of the golden spoon, I have lived in a more special way than others, but I've also felt the weight of responsibility." It's been a while since I've eaten a golden spoon and it seems that everything is cracked, now I renounce the privilege and sense of responsibility. "

Lee, chairman of the Woong-yeol Kolon group, resigned from all of the group's functions on Jan. 1, the Kolon group announced on Sept. 28. Lee, who is the son of Lee Wonman, the founder and son of Lee Dong-chan's Honorary President, joined Kolon Corporation in 1977, The Kolon Group is expected to maintain a professional management system for some time after Lee's resignation from the appointment of a new president.

President Lee said, "I will leave the company I have been involved in for next year," and added, "I will participate in the management of the group, I do not want to." Lee's remarks were broadcast live to the leaders of the group, who then officially resigned by sending a letter to the intranet of his company.

In his letter, he said, "Now, I will resume business with a young man." In January 1996, at the age of 40, I committed to holding the wheel of Kolon for 20 years. (I do not come back twice in the past), I'm leaving now because I'm afraid I can not take the courage of a new challenge. "" If we can not enter the wave of industrial ecosystem change that can not be neglected, we will be eliminated. I thought that I would bring a real change to the company. "

After joining Kolon Co., Ltd., Mr. Lee attended management courses primarily in overseas branches such as New York, Tokyo and Tokyo. He was promoted to Executive Director (Director) in 1985 for 12 years, then Vice President and President in 1996. In the aftermath of the 1997 financial crisis, shortly after taking office, the company was severely restructured to reduce the number of its 26 subsidiaries to 15, and in 2016, the group was accused by prosecutors after opening a tax investigation at the regional tax office in Seoul. There was a trial.

It is somewhat different from many other conglomerates that Lee relinquishes his management rights to his family without succession. Unlike other companies that inherited control of their loved ones, Lee chose to resign early, upon the death of the president or when management was not feasible.

The Kolon group followed the principle of "succession to the first generations", according to which only the eldest son participates in the management and no girl or son-in-law participates in it. During the ceremony, CEO Lee Kyu-ho, President of KOLON, was promoted to Managing Director of KOLON Industries FnC (FnC) as Director of Operations. He has been promoted for 6 years in business and 1 year on promotion.

Officials from Kolon said, "Lee Lee's father, Lee Dong-chan, also retired and pbaded away after ninety-nine years, and said his son (Lee, Woo-ryeong) would retire at age 40. " But he added his son to the president for four years. "He decided to appoint his eldest son to head his main business, the fashion business division, in order to gain management experience, but decided to withdraw from the line of business. front very early.

Major management issues such as the long-term management of the Kolon Group, large-scale investments, affiliate cooperation and conflict of interest will take place within the "single committee", which is a member of the Presidents.

The chairman of the winners' committee will be appointed vice president of the general manager, Kolon Yoo Seungjin, who has been promoted to the position of general manager of the company. In 2013, he was promoted to Vice President and Chief Executive Officer of KOLON. Kolon Group said: "In recent years, we have built a younger and more dynamic CEO line through a generational replacement hello." Young Seo will lead the group change and innovation. "