Hyosung Heavy Industries appointed vice president Moon Seop-cheol as CEO, who has led the company's global expansion of new business lines like STATCOM and supervised sales and production for the core business of Power & Industrial Systems PG (e.g., ultra-high voltage (UHV) transformers), and appointed vice president Kim Dong-woo as an internal director, who helped turn around the Construction Performance Unit after taking over the unit in 2013 and contributed to landing annual contracts worth KRW 1 trillion in 2014. External directors included attorney Ahn Yeong-yool; Jeong Deok-gyun, chair professor of electrical and computer engineering at SNU; and Shin Eon-seong, former deputy secretary-general for inspection of public services at the Board of Audit and Inspection.