LS Group Chairman Koo Ja-yeol
The Korea International Trade Association (KITA) is expected to begin the appointment process for its new chair this week. South Korean conglomerate LS Group Chairman Koo Ja-yeol has been named a strong candidate. We re going to have an executive board meeting on Tuesday to discuss the appointment process. Chairman Koo is likely to be named as the sole candidate, said an industry official on Feb. 15.
According to financial industry officials, the KITA executive board members all agreed that a chairperson from the private sector should be elected, considering that the previous five chairs were all ex-government officials. It is understood that the government will not be intervening in the appointment process.
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