KOREA WHO
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Chairman of KG Group
Kwak Jae-sun
Expanding Business through Diversified Mergers, 'Straightforward Management' Style
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Last Updated on Jun 12, 2024
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Chairman of KG Group
Life Summary
Kwak Jae-sun is the chairman of KG Group.
He started KG Group from scratch, expanding into chemicals, steel, eco-friendly energy, IT, consulting, education, media, leisure, and dining businesses.
After acquiring Ssangyong Motor, he focuses on electric vehicle transition and global expansion for KG Mobility (formerly Ssangyong Motor) recovery.
Born on January 15, 1959, in Daejeon.
He graduated from Incheon National University with a degree in Mechanical Engineering and obtained a master's degree from Sungkyunkwan University Graduate School of Business.
After graduating from high school, he started his business by founding a construction plant company, Saeil Engineering, with a partner in 1985.
In 2003, he acquired Gyeonggi Chemical, a struggling fertilizer company under rehabilitation, laying the foundation for business expansion.
He rapidly expanded his business empire by acquiring and reviving troubled companies through mergers and acquisitions (M&A) regardless of industry.
Starting with Gyeonggi Chemical (now KG Chemical), he successfully normalized the management by acquiring Sihwa Energy (now KGETS), Yellow Cap, Zero In, Woongjin Passone, Edaily, Inicis, Eduwon, KFC Korea, and Dongbu Steel successively.
In 2022, he acquired Ssangyong Motor, renamed it KG Mobility, and assumed the position of chairman.
He demonstrates a 'straightforward' management style, executing decisions promptly without hesitation.
He started KG Group from scratch, expanding into chemicals, steel, eco-friendly energy, IT, consulting, education, media, leisure, and dining businesses.
After acquiring Ssangyong Motor, he focuses on electric vehicle transition and global expansion for KG Mobility (formerly Ssangyong Motor) recovery.
Born on January 15, 1959, in Daejeon.
He graduated from Incheon National University with a degree in Mechanical Engineering and obtained a master's degree from Sungkyunkwan University Graduate School of Business.
After graduating from high school, he started his business by founding a construction plant company, Saeil Engineering, with a partner in 1985.
In 2003, he acquired Gyeonggi Chemical, a struggling fertilizer company under rehabilitation, laying the foundation for business expansion.
He rapidly expanded his business empire by acquiring and reviving troubled companies through mergers and acquisitions (M&A) regardless of industry.
Starting with Gyeonggi Chemical (now KG Chemical), he successfully normalized the management by acquiring Sihwa Energy (now KGETS), Yellow Cap, Zero In, Woongjin Passone, Edaily, Inicis, Eduwon, KFC Korea, and Dongbu Steel successively.
In 2022, he acquired Ssangyong Motor, renamed it KG Mobility, and assumed the position of chairman.
He demonstrates a 'straightforward' management style, executing decisions promptly without hesitation.