Korea Aerospace Industries appoints new CEO

30 October 2017

Korea Aerospace Industries (KAI) has appointed a new CEO. The company said on 27 October that Kim Jo-won has been named as a successor to Ha Sung-Yong, who stepped down three months ago amid allegations of corruption.

KAI said that Kim’s tenure as CEO would last three years and that he joins the company from the government’s Board of Audit and Inspection. Kim also previously served as an audit and evaluation secretary in the South Korean presidential office.

In a press release, Kim said he would seek to boost transparency within KAI by launching a “management innovation” task force. He said the task force would also look to pursue new revenue streams for the company as it seeks to achieve sales of KRW20 trillion (USD17.7 billion) a year by 2030.

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