HD Hyundai Group has announced a major leadership reshuffle, appointing Chung Ki-sun as the new Chairman and marking the beginning of the group’s third-generation management era. The move signifies a generational transition at one of South Korea’s largest industrial conglomerates, spanning shipbuilding, heavy machinery, and energy sectors.

Former Chairman Kwon Oh-gap will step down from his executive position and assume the title of Honorary Chairman, formally handing over leadership to Chung. The reorganization also includes the promotion of Lee Sang-kyun, President of HD Hyundai Heavy Industries, and Cho Young-cheol, President of HD Hyundai Site Solution, both of whom will advance to Vice Chairman roles.

Vice Chairman Cho Young-cheol will additionally serve as Co-Chief Executive Officer, sharing leadership duties with Chairman Chung. The pair are expected to lead the group’s post-merger operations as HD Hyundai Mipo Dockyard merges into HD Hyundai Heavy Industries on December 1, streamlining the group’s shipbuilding portfolio.

The management reshuffle extends beyond the shipbuilding division. HD Hyundai’s construction equipment and infrastructure businesses are also undergoing reorganization aimed at improving operational efficiency and reinforcing profitability. The company stated that this leadership transition underscores its commitment to innovation, global competitiveness, and long-term growth.

With Chung at the helm, HD Hyundai aims to strengthen its global presence across offshore engineering, smart ship technology, and renewable energy infrastructure—key areas in the company’s long-term strategy to transform into a future-focused industrial leader.