The Korea Shipping Association announced on October 22 that Kim Jun-seok, a senior advisor at YK Law Firm, has been appointed as the next executive vice president following the final interview results from the board meeting held on October 21.
Kim, born in 1970 in Seoul, graduated from Seoul National University with a degree in political science. He passed the 36th National Administrative Examination and has served as the Director of the Shipping and Logistics Bureau and the Director of Fisheries Policy at the Ministry of Oceans and Fisheries.
After retiring from the ministry in 2022, he served as the chairman of the Korea Maritime Safety Authority. He is currently responsible for corporate advisory at YK Law Firm.
During his tenure at the Ministry of Oceans and Fisheries, Kim was recognized for his significant contributions to the revitalization of the shipping industry, including securing liquidity for Hyundai Merchant Marine (now HMM), managing the STX Pan Ocean bankruptcy crisis, and establishing the Korea Maritime Guarantee Insurance, the predecessor of the Korea Maritime Promotion Corporation. He played a crucial role in overcoming challenges faced by the shipping and logistics industry during the COVID-19 pandemic.
Additionally, he promoted various new initiatives to support the shipping industry, such as expanding corporate tax reductions for excellent shippers and providing subsidies for shipping companies that replace aging vessels.
Kim Jun-seok will officially assume his role after being confirmed at the regular general meeting scheduled for January 2027. His term will last for three years.
* This article has been translated by AI.
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