Korea Shipowners' Association Names YK Law Firm Adviser Kim Junseok as Full-Time Vice Chairman Nominee

Kim Junseok, adviser to the Corporate General Group at YK Law Firm, has been named the preferred candidate for full-time vice chairman of the Korea Shipowners' Association.

Kim Junseok, advisor to the Corporate Group at YK Law Firm. Korea Shipowners' Association

The Korea Shipowners' Association said on October 22 that Kim Junseok, adviser to the Corporate General Group at YK Law Firm, had been selected as the preferred candidate following the final interview for the full-time vice chairman position at a meeting of its leadership held the previous day.

Born in Seoul in 1970, Kim graduated from Seoul National University with a degree in political science. After passing the 36th Higher Civil Service Examination, he served as director general of the Shipping and Logistics Bureau and head of the Fisheries Policy Office at the Ministry of Oceans and Fisheries, among other positions. After retiring from the ministry in 2022, he served as president of the Korea Maritime Transportation Safety Authority. He currently advises companies as a member of the Corporate General Group at YK Law Firm.

During his tenure at the Ministry of Oceans and Fisheries, Kim helped rebuild the shipping industry and overcome the crisis in the shipping and logistics sector during the COVID-19 pandemic. His contributions included securing liquidity for Hyundai Merchant Marine, now HMM; resolving the court receivership of STX Pan Ocean; and establishing Korea Maritime Guarantee Insurance, the predecessor of the Korea Ocean Business Corporation.

He also pursued a number of new initiatives to support the shipping industry. These included expanding corporate tax reductions for outstanding shippers to increase the volume of cargo carried by Korean-flagged shipping companies for domestic shippers, and providing subsidies to shipping companies that built replacement vessels for aging ships.

Kim, the preferred candidate for the next full-time vice chairman, will formally take office after receiving final approval at the 2027 regular general meeting in January. His term will be three years.

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