April 27, 2024

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[THE INVESTOR] Lim Se-ryung and Sang-min, daughters of Daesang Group Honorary Chairman Lim Chang-wook, have been promoted to executive directors, the group said on Nov. 17.

They were previously directors in the food business unit: elder daughter Se-ryung in marketing and younger daughter Sang-min in strategies. Sang-min was named executive director for both food and materials units. 

Lim Sang-min (left) and Lim Se-ryung

The younger sister is the largest shareholder of the holding company Daesang Holdings with 36.71 percent stake, has joined the company in 2009. After getting married in 2015, she has been working at the company’s US office.

Se-ryeong owns less stake in Daesang Holdings at 20.41 percent, but is the fourth largest shareholder of Daesang, said to be the core company of the group, with 0.46 percent stake.

The 60-year-old food and condiment heavyweight also announced that it will separate the food and materials business units, promoting heads of both units to presidents.

By Hwang You-mee (glamazon@heraldcorp.com)