Hyundai Department Store Group: Jang Ho-jin and Park Hong-jin promoted to Vice Chairman... "Renewal within Stability"

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Hyundai Department Store Group made appointments for 50 executives, including promoting Jang Ho-jin, CEO of HyundaiJEF Holdings, and Park Hong-jin, CEO of Hyundai Green Food, to Vice Chairman. This move is part of a strategy to ensure management stability by retaining CEOs of major affiliates while promoting key executives and replacing some CEOs, termed 'renewal within stability'. The appointments are effective January 1st of next year.