Lee Seok Dong, currently the head of the Seoul-listed owner’sUS division, is the new man at the helm replacing the outgoing Yoo Chang Keun.
The company needs a change in leadership following a slumpin the global shipping business in recent years, it said in a regulatoryfiling.
Hyundai Merchant reduced its 2013 loss by 27% compared tothe previous year but still ended the period KRW 715.3bn
