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The Korea Herald
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THE INVESTOR
March 29, 2024

Industrials

KAI names ex-audit official new CEO

  • PUBLISHED :October 26, 2017 - 11:26
  • UPDATED :October 26, 2017 - 11:26
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[THE INVESTOR] Korea Aerospace Industries, the country‘s sole aircraft manufacturer, has named a former audit and inspection official its new chief executive after its former head stepped down in July over a corruption scandal.

KAI held a board meeting on Oct. 25 to appoint Kim Jo-won, who worked at the Board of Audit and Inspection of Korea for 20 years, a company spokesman said.

Kim, 61, began his three-year term as CEO vowing to make utmost efforts to keep the company’s business unscathed from the scandal, particularly in exporting Korean-made aircraft, he said.

His appointment comes weeks after former president Ha Seong-yong, 66, was indicted on charges of his involvement in accounting fraud, embezzlement and bribery.

By Alex Lee and newswires (alexlee @heraldcorp.com)

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