Average age of Korean CEOs falls below 60 for 1st time: data

The average age of chief executive officers (CEOs) at Korea's major companies has dropped below 60 for the first time, industry data showed Tuesday, amid a generational shift in the business circle. According to the data from corporate tracker Leaders Index, the average age of the top officials at the nation's 500 largest companies by sales came to 59.8 this year, down from 61.1 in 2023 and 60.3 in 2024. The decline comes as several companies have undergone changes in their top leadership. Hansol Paper, the largest paper manufacturer, appointed 46-year-old Han Kyung-rok as CEO earlier this year, replacing 63-year-old Han Cheol-gyu. Meritz Fire & Marine Insurance recently named 48-year-old Kim Joong-hyun as CEO, replacing 62-year-old Kim Yong-beom. Lee Jae-sang, 43, of K-pop powerhouse HYBE is the youngest outsider CEO, while 36-year-old Koo Woong-mo, grandson of LG Group founder Koo In-hwoi, took the helm of LT in 2023. CJ CEO Sohn Kyung-shik, 86, is the oldest leader, along with Nexen CEO Kang Byung-joong. Meanwhile, only 12 of the CEOs in major Korean companies are women, accounting for 2Weiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times