Asia/Pacific News
Korean Register of Shipping Elects New Chairman & CEO
The Korean Register of Shipping (KR) has elected Dr Chon Young-kee as its new Chairman & CEO, the classification society has announced in an emailed press release.
KR said this is the first time in its 53 year history that an internal appointment for the role has been made.
Prior to election Dr Chon served as executive vice president of KR's technical division.
He replaces outgoing Chairman and CEO Dr Oh Kong-gyun, who has served two, three-year terms.
Commenting on his election, Dr Chon said he was "delighted and honored," but warned of tough challenges ahead in the face of difficult economic conditions in shipping markets.
"Like all class societies, KR is facing many challenges stemming from the prolonged downturn affecting all shipping markets as well as increased competition amongst the classification societies," he said.
"It will be tough to head a classification society under these conditions and I am sure I will face immense pressure to ensure economic sustainability while maintaining the high levels of quality that KR has become known for.
"I will ensure that KR continues to excel in its provision of high quality, global classification services and I will also push ahead with our ambitious plans to diversify into related growth sectors. I shall ensure that we continue to work closely with our stakeholders to promote the growth of KR and our industry partners."
