Ceragem Founder Adopts CEO Lee Kyungsoo as Son, Transfers 10% Stake

"Decision made with management continuity and governance stability in mind"

Ceragem CEO Lee Kyungsoo explains the "AI Wellness Home" vision at Ceragem's "Healthcare Alliance AI Summit." Ceragem.

Ceragem founder and Chairman Lee Hwanseong adopted CEO Lee Kyungsoo as his child and began the process of transferring his stake.

Ceragem said on October 20 that Chairman Lee completed the adult adoption process with CEO Lee in 2025 and gifted him 10% of Ceragem's total issued shares in 2026, completing the first phase of the equity succession and filing the related gift tax return.

Ceragem said the succession was Chairman Lee's decision, made with the company's future and management continuity in mind. After considering various alternatives in light of the company's independence and the long-term stability of its governance, Chairman Lee and CEO Lee chose adult adoption as the means of succession. Ceragem plans to consider a medium- to long-term succession plan, taking into account sustainable growth and management continuity, among other factors.

CEO Lee joined Ceragem as a new employee in 2003 and built experience in various fields, including strategic planning, marketing, and domestic and overseas sales. In 2017, he gained hands-on experience by directly operating a dealership in China's Sichuan Province. At Chairman Lee's request, he took charge of Ceragem's domestic business in 2018 and pursued a new growth strategy. Ceragem said CEO Lee's management capabilities and execution, understanding of the organization, and vision for the future, demonstrated throughout this process, contributed to the succession decision.

A Ceragem official said, "This succession is a decision to prepare for Ceragem's future by bringing together the founder's entrepreneurial spirit and the capabilities of a next-generation executive proven over more than 20 years." The official added, "We will pursue sustainable corporate growth based on stable governance and responsible management, while putting into practice our social responsibility and the value of sharing."

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