It has promoted vice president and head of group strategic planning and development Lee Paik-Hoon as its new co-CEO.
He will work with current CEO Lee Seock-Dong, who is now in charge of external activities, while the newly appointed Lee is responsible for business management and sales.
The company said: “In this unprecedented long-term recession in the maritime industry, we’ve focused on management recovery by implementing drastic self-help plans.
“We
