KOREA WHO
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Chairman of Samyang Tongsang
Hur Nam-kack
Third-Generation GS Owner, Focuses on Profitable Car Seat and Furniture Leather Business
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Last Updated on Nov 18, 2024
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Chairman of Samyang Tongsang
Life Summary
Hur Nam-kack is the Chairman and CEO of Samyang Tongsang. He manages the company alongside his son, Hur Jun-hong, who serves as co-CEO.
He also holds a directorship at Samyang International.
Hur Nam-kack inherited Samyang Tongsang, a company founded by his grandfather, and has continued to lead its operations.
Samyang Tongsang is an affiliate of the GS Group. Hur Nam-kack is a third-generation leader of the GS Group.
He was born on May 28, 1938 (lunar calendar) in Jin-yang, South Gyeongsang Province.
He graduated from Boseong High School in Seoul and earned a degree in Economics from Seoul National University. He later obtained a master’s degree from the University of Chicago.
Hur established "Korea Nike" through a business partnership with Nike, Inc. However, when Nike decided to supply directly to the Korean market via a subsidiary, Hur sold off Samyang Tongsang’s footwear division and pivoted the company to leather manufacturing.
To address the challenges of the declining leather industry, he has focused on developing high-value products, such as leather for car seats and furniture.
Samyang Tongsang supplies leather seats for Hyundai’s Genesis vehicles.
#HurNamkack #SamyangTongsang #GSGroup #KoreaNike #LeatherManufacturing #HyundaiGenesis #ThirdGenerationLeader #BusinessTransformation #AutomotiveIndustry #HighValueProducts
He also holds a directorship at Samyang International.
Hur Nam-kack inherited Samyang Tongsang, a company founded by his grandfather, and has continued to lead its operations.
Samyang Tongsang is an affiliate of the GS Group. Hur Nam-kack is a third-generation leader of the GS Group.
He was born on May 28, 1938 (lunar calendar) in Jin-yang, South Gyeongsang Province.
He graduated from Boseong High School in Seoul and earned a degree in Economics from Seoul National University. He later obtained a master’s degree from the University of Chicago.
Hur established "Korea Nike" through a business partnership with Nike, Inc. However, when Nike decided to supply directly to the Korean market via a subsidiary, Hur sold off Samyang Tongsang’s footwear division and pivoted the company to leather manufacturing.
To address the challenges of the declining leather industry, he has focused on developing high-value products, such as leather for car seats and furniture.
Samyang Tongsang supplies leather seats for Hyundai’s Genesis vehicles.
#HurNamkack #SamyangTongsang #GSGroup #KoreaNike #LeatherManufacturing #HyundaiGenesis #ThirdGenerationLeader #BusinessTransformation #AutomotiveIndustry #HighValueProducts