Dongwha Pharm Names Shin Yong-jae Head of Jungseon Pharma’s Ho Chi Minh Office

Dongwha Pharm said April 9 it has appointed Executive Director Shin Yong-jae as head of the Ho Chi Minh City office of Jungseon Pharma, a major pharmacy chain in Vietnam.

Shin will oversee operations of the Ho Chi Minh City branch and lead the company’s new business efforts in Vietnam, the company said, as it seeks to strengthen its foothold in Southeast Asia.

Shin joined Samsung Group through its 2006 open recruitment and worked in Hotel Shilla’s finance and management teams. He later served as chief financial officer at Hotel Shilla’s China unit and at a joint venture between Hotel Shilla and Hongtong Sun Art Retail Group, handling global business and operations. At joint ventures involving SK On and China’s Beijing Automotive and EVE Energy, he worked as CFO and chief executive officer, overseeing investment, finance and overall business operations.

Shin said he would “build a foundation for Jungseon Pharma’s expansion in the Southeast Asian market, strengthen competitiveness and maintain a stable growth trajectory.”