HL Group has appointed Park Young-moon, who has led the company's operations in China, as the CEO of HL Mando and head of the auto sector. The move aims to leverage his management expertise and revenue-generating experience from the Chinese subsidiary across the group's core businesses.
On November 2, HL Group announced its executive appointments for 2026. Park has been a key figure in the company since 2016, serving as the head of Mando R&D China (MRC) and as the regional representative for HL Mando in China. He was promoted to president last December after becoming a senior vice president in December 2024.
The group plans to expand its successful experiences in the Chinese market to other regions and enhance the profitability of its global operations. To achieve this, HL Mando will restructure its organization from three main pillars—products, functions, and regions—to two pillars focused on regions and functions. This change aims to streamline decision-making and accelerate business initiatives tailored to each market's characteristics. Regional representatives include Vice Presidents Lee Jeong-seok (Korea), Kim Pyeong-yong (China), Kim Jae-hyeok (Americas), Kim Seong-il (India), and Executive Director Ji Su-hwan (Europe).
Younger executives have been appointed to key subsidiaries. Song Gi-taek, who previously led the integrated logistics division, has been named CEO of HL Holdings, while Yoo Jae-eon, who oversaw HR at HL D&I Halla, has been appointed CEO of HL Ecotech. HL Group aims to inject new vitality into the organization through generational change and accelerate profitability improvements in existing businesses while discovering new growth drivers.
A new organization has also been established to oversee the group's long-term growth strategy. Jeong Jae-young has been appointed as the head of group strategy and chief financial officer (CFO). He will coordinate strategic direction between the group and its subsidiaries and drive new business development and the establishment of new value chains.
An HL Group official stated, "Under the disruptive approach of breaking existing frameworks, we plan to boldly change the organizational structure and embark on management innovation in earnest."
* This article has been translated by AI.
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