Jusung Engineering, a Korea semiconductor manufacturing equipment producer, announced on April 28 that it will transition from the existing sole CEO system under Chairman Hwang Chul-joo to a co-CEO system with Chairman Hwang Chul-joo, Vice Chairman Lee Woo-kyung, and President Hwang Eun-seok.
First, Chairman Hwang Chul-joo, who has led the company as the sole CEO, will oversee all research and development-related tasks, focusing on creating the highest innovative value through the development of world-first, only one technologies. As the chairman of the board of directors, he will present the company’s vision and future plans and preside over the operation of the decision-making body for key matters.
Vice Chairman Lee Woo-kyung, as co-CEO, will oversee all sales and operations-related tasks, focusing on creating the world’s highest value through building trust in innovative technologies.
President Hwang Eun-seok, as co-CEO, will oversee all tasks related to management and strategic planning, focusing on creating happiness for shareholders, employees, and stakeholders through the establishment of a predictable, sustainable, and collaborative management system.
A company official explained, “The company held a board meeting to propose the appointment of co-CEOs, discussing and specifying the clear division of duties and responsibilities for each CEO, which was ultimately approved as proposed.” The official added, “Going forward, the company plans to pursue professional operation and work efficiency in each division.”
On the same day, the company announced its “2025 Q1 Financial Results (Preliminary).” The consolidated sales for Q1 2025 were 120.8 billion won, with an operating profit of 33.9 billion won, representing increases of 113.4% and 384.3% respectively compared to the same period last year, with an operating profit margin of 28.1%.
A company official stated, “Overall performance increased due to growth in domestic and international semiconductor sales. Going forward, Jusung Engineering will continue to secure customers in all regions of the world, including Asia, the Americas, and Europe, through world-first, Only One technological innovations, realizing global corporate value.” The official also added, “Ultimately, the company will prioritize shareholder value and create sustainable happiness by adding trust to endless innovation.”
Jusung Engineering canceled treasury shares worth about 37.1 billion won last July and acquired treasury shares worth about 50 billion won in October. Additionally, the company paid cash dividends of about 13.1 billion won (287 won per share), bringing the total shareholder return to 100.2 billion won, continuously leading in implementing shareholder-friendly policies.
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