Industry
Ceragem hands over management control to professional manager, gifts 10 percent stake
Ceragem said on Monday that its founder has begun a succession process to hand management control to a professional manager rather than a blood relative. The company said Chairman Lee Hwan-sung adopted CEO Lee Kyung-soo as an adult child and decided to transfer his stake. Ceragem said it completed a first-stage transfer this year by gifting 10 percent of issued shares to Lee and filed gift taxes. The adoption process was completed in 2025.
