Shipyard CEO appointment attracts sharp criticism from South Korea’s incoming new president

The decision earlier this week to promote Park Doo-seon from vice president to CEO at Daewoo Shipbuilding & Marine Engineering (DSME) has attracted sharp criticism from South Korea’s incoming new president.

President-elect Yoon Suk-yeol’s transition team yesterday hit out at the appointment of Park, who is a friend of outgoing president Moon Jae-in’s brother.

The Blue House, the residency of the president in Seoul, argued that Park was ideally qualified for the role at one of the nation’s top shipbuilders, which has been under the control of state-run Korea Development Bank for the past six years.

Won Il-hee, a deputy spokesman for Yoon’s transition team, said of the DSME appointment: “Even though it superficially went through the board approval procedure of a private company, it is an irrational and shameless move that raises reasonable suspicion that there is actually someone behind the scenes who made the appointment.”

The transition team will ask the Board of Audit and Inspection (BAI) to review the validity of Park’s appointment.

Park, who has worked at DSME for the past 36 years, has been given a three-year term in charge of the yard.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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