Son Kyung-sik has secured reappointment as chairman of the Korea Employers Federation (KEF) for a fifth five-year term, extending his leadership until 2028. The decision came during the 57th regular general meeting held at the Westin Chosun Seoul Hotel on the 24th.
Proven Leadership and Contributions
Son first took the helm in March 2018. Over eight years, he has guided the organization through key initiatives and economic shifts, bolstering KEF’s influence in the business landscape. Federation members highlight his role in navigating post-pandemic challenges, including corporate announcements, high-profile presentations, and policy transformations.
Industry insiders note that these turbulent times demand experienced leadership. “Son’s extensive network and leadership make him the ideal choice for continued stability,” one associate remarked.
Chairman’s Vision for Economic Coordination
In his address, Son emphasized the growing importance of government policy direction for businesses. “Policy guidance now outweighs financial aid for enterprises,” he stated. He pledged to intensify collaboration across economic sectors “to overcome the burdens of sluggish growth, even at 1%, by strengthening broad business coordination.”
Following the meeting, Son met with executives, identifying next corporate earnings reports as a top priority. “We must simulate responses to emerging issues, engage proactively with government and the National Assembly, and resolve concerns through dialogue,” he said. “As economic representatives, we aim to reflect business goals in policies at an appropriate pace while prioritizing member cooperation.”
Strategic Focus Amid Elections
Son outlined efforts to unify business perspectives ahead of the presidential election. Through supreme council sessions and related events, KEF promotes consensus and harmony on key directions.
New Leadership Appointments
The meeting also approved new vice chairmen, including 22 non-executive roles and permanent positions, alongside two auditors. Notable selections include the president of HD Hyundai Heavy Industries as a new non-executive vice chairman and Jin Young-min, CEO of Seoul City Gas, as a new auditor.
