|Hanjin Group Chairman Cho Yang-ho (right).(Hanjin Group)|
Cho recently stepped down from the chairman post of the Korea Defense Industry Association. He served the position for 14 years since June 2004.
The plaque thanked Cho for leading a stellar growth and transparent management in the defense industry. The newly appointed chairman Choi Pyung-Kyu, chairman of S&T Group, presented the plaque.
According to KDIA, Korea’s defense industry recorded 14.8 trillion won ($13 billion) of sales in 2016, which multiplied four times over a decade. The number of member companies also increased from 171 companies in 2004 to 643 companies as of 2017.
By Kim Da-sol (email@example.com)