SEOUL -- Chong Sup Park, chairman of Hyundai Electronics America Inc., on Monday was named president and CEO of the parent Hyundai Electronics Industries Co. Ltd. in South Korea. He will assume his new duties March 1.
He succeeds Young Han Kim, who is stepping down, but will continue to act as an executive consultant for the firm.
Park will continue to serve as chairman of the San Jose-based subsidiary as well as heading the parent company. He had been president of Hyundai Electronics America until succeeded in that post last year by I. B. Jeon.
Park has been with the U.S. affiliate for 12 years, and played a key role in setting up Hyundai's 8-inch wafer fab in Eugene, Ore., and in the merger of the Hyundai and LG Semicon chip operations. He helped the Maxtor Corp. unit launch its IPO in 1998 and currently serves as chairman of that firm.