Woowa Brothers Reveals Resignation of Its Founder as Board Chairman

Woowa Brothers Corporation’s founder, Kim Bong Jin, has stepped down as the company’s chairman of the board. The company operates a popular food delivery platform in South Korea called Baemin.

Pulse News reported that Kim already gave up his chief executive officer role in February this year. He resigned after founding Woowa Brothers 13 years ago, and for five months since his resignation, he remained the director of the board, and this week, he is also giving up this post as well.

He is now planning to simply become an advisor at Woowa Brothers Company but he may do this at a later time. There are also reports spreading across the firm that he may venture into other businesses. Kim is also stepping down as chairman and executive director of Woowa DH Asia Pte., and his exit was also revealed on the same day.

He will be taking an advisory role at Woowa DH Asia, which is Woowa Brother’s Singaporean unit, and promised that this unit’s “connection with Baemin will continue.” Kim further pledged that as an advisor, he will continue “to provide support and contribute to the passionate challenges.”

At any rate, business insiders said that the former board chair announced his resignation through an email that was sent out to employees. In his letter, he told the staff, “The time we spent together with our members was filled with so much happiness but passion is a task that burns too hot and exerts too much power, so it needs a good rest to be completed as a good period. Now I am going to mark a big period in my life.”

Korea Joongang Daily reported that Woowa Brothers has yet to make a decision on who will succeed Kim Bong Jin.

Photo by: Woowa Brothers Website