Samsung Electronics and SK Hynix have each brought in former South Korean finance ministry officials for senior corporate roles, according to ChainCatcher. Samsung hired Lee Hee-kun, a former head of the foreign exchange system division at the Ministry of Economy and Finance, as an executive in its investor relations team last month. Lee previously handled foreign exchange policy and overseas investment response, and took part in South Korea’s effort to join the World Government Bond Index in April, for which he received special recognition. He is expected to oversee matters related to overseas investors and global capital markets. SK Hynix also hired former ministry official Jung Yeo-jin last month as a vice president under its communications division. Jung previously served in several government posts, including strategic economy, climate and environment budgeting, secretary to the deputy prime minister for economic affairs, foreign exchange system, and foreign exchange funding. The report also noted that both companies are pushing ahead with manufacturing investment in the United States, with Samsung planning a $37 billion foundry project in Taylor, Texas, and SK Hynix planning a $4 billion advanced packaging plant in Indiana.
Samsung Electronics hired Lee Hee-kun, the former head of the foreign exchange system division at South Korea’s Ministry of Economy and Finance, as an executive in its investor relations team last month, according to ChainCatcher.
Lee previously served as head of the foreign exchange system division and head of the capital market policy division, where he was responsible for foreign exchange policy and responses tied to overseas investment. In April this year, he took part in South Korea’s effort to be included in the World Government Bond Index and received special recognition. He is expected to handle matters involving overseas investors and global capital markets.
SK Hynix also hired a former finance ministry official last month. The company appointed Jung Yeo-jin, previously head of the strategic economy coordination division at the ministry, as a vice president under its communications organization. Jung has also served as head of the climate and environment budget division, secretary to the deputy prime minister for economic affairs, head of the foreign exchange system division, and head of the foreign exchange funding division.
The report said both companies are moving ahead with manufacturing investment in the United States. Samsung Electronics plans to invest $37 billion to build a foundry plant in Taylor, Texas. SK Hynix plans to invest $4 billion to build an advanced packaging plant in Indiana.
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