Former SSG.com CEO Lee Inyoung Appointed CFO of Sangmidang Holdings

Returning to the Distribution Industry After Two Years

Sangmidang Holdings announced on June 2 that it has appointed Lee Inyoung, former CEO of SSG.com, as its Chief Financial Officer (CFO) and Executive Vice President.

According to Sangmidang Holdings, Executive Vice President Lee has been reporting to work as CFO since the previous day. This marks his return to the retail industry two years after stepping down as CEO of SSG.com in June 2024.

A finance specialist, Executive Vice President Lee was born in 1969. He graduated from Seoul National University with a degree in business administration and earned his MBA from Yale University in the United States.

He joined Gmarket in 2006 as Head of Finance, later serving as Head of the Finance Division and Head of the Support Division. After Shinsegae Group acquired Gmarket in 2021, he concurrently held several roles, including Head of Emart Digital New Business Task Force (TF), Head of Gmarket Support Division, and Head of SSG.com Support Division. In 2023, he was appointed co-CEO of SSG.com alongside former Emart CEO Kang Heeseok, but stepped down after nine months.

Industry observers see Sangmidang Holdings' recruitment of Executive Vice President Lee as a move to strengthen profitability. While Sangmidang Holdings saw both revenue and operating profit increase last year, its net profit turned to a loss.

This content was produced with the assistance of AI translation services.