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Lessons and Implications on Synergy Management of Namgoo Kim, Vice Chairman of Korea Investment Holdings

Sang-Cheol Lee1 · Kim, Juwon1

1 Dongguk University

Published: January 2018 · Vol. 22, No. 3 · pp. 73-122

DOI: https://doi.org/http://dx.doi.org/10.17287/kbr.2018.22.3.73

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Abstract

Synergy management of Namgoo Kim, Vice Chairman of Korea Investment Holdings, is based on both professionalism and ethical management. First, Kim has accumulated expertise in business through rich field experience, academic studies, efforts to utilize various external specialists and life style of reading and taking notes of vast amounts of information. In addition, Kim not only establishes an owner-professional management partnership based on trust, authority delegation, fair performance evaluation and compensation with professional managers but also supports and cooperates with professional managers to demonstrate entrepreneurial spirit with a sense of ownership. Second, Vice Chairman Namgoo Kim participates in management as a board member and competes fairly in business based on his accumulated expertise through faithful management. Furthermore, by demonstrating ethical leadership, Kim set up a corporate culture of ethical management. Synergy management of Vice Chairman Kim is established on the basis of long-term management. With his passion and challenging spirit, Kim has selected talented people who can make their own stories and recognized them as partners to dream with him, thus establishing an organizational culture based on trust. Kim changed the retail paradigm to combine the organizational competence based on this organizational culture with the business process for customer-oriented management execution, and to make customer profitability a top priority from a long-term perspective. In addition, Kim is pursuing a long-term management that maximizes shareholder value by continuously investing in and discovering value drivers from a strategic and long-range point of view. Kim's long-term management expands into synergy management. Kim is seeking strategic synergies by securing economies of scale through successful mergers and acquisitions and by raising the competitiveness of each affiliate to the highest level in the industry. Furthermore, establishing the holding company with a wholly owned subsidiary system, Kim maximizes the synergy capability among various businesses by securing the flexibility of integration and coordination.
Keywords: 시너지경영전문성정도경영장기주의경영