Coway Co., Ltd. announced a departure from its co-CEO structure, and will instead transition into a sole-CEO system. Jangwon Seo, the current co-CEO will now be the sole CEO. His former co-CEO, Hae-Sun Lee, is retiring and will move into a part-time advisor role beginning in February. 

Previously, Seo was a senior U.S. attorney at a leading law firm in Korea and served in other C-suite level executive positions before joining Coway as CFO in 2021. 

“We will use ‘Crisis Resilience & Challenge Resolution’ to form a strong foundation for Coway’s global future,” Seo said. “Our focus will be on strengthening core business competitiveness and also securing new future growth engines.”