Volvik today announced the appointment of Seung-Seok Hong as CEO of the company at its annual general meeting of shareholders. Volvik conducted interviews with several candidates and finalized the candidate on the 15th of this month, and today the Board of Directors approved the appointment. In the process of selecting the new CEO, Volvik comprehensively considered leadership, global capabilities, and expertise to lead Volvik's growth and management innovation in the future, and conducted a selection process with optimal qualities through reputation checks and interviews.

Mr. Hong Seung-seok, who was nominated as the new CEO, was born in 1965, graduated from the Department of Economics at Seoul National University, and served as the CEO of Long Term Credit Bank and Solbrain Savings Bank, as well as the deputy CEO of Genic, and is a management expert in finance and manufacturing, and is considered to have global management capabilities and organizational management skills. In particular, the industry observes that the appointment will help Volvik to normalize its management and strengthen its future growth and competitiveness. 

Meanwhile, Volvik appointed a total of seven directors and auditors, including CEO Hong Seung-seok, at the board meeting. 

On the 10th, Volvik received an investment of 22 billion won from TS Investment, resolving uncertainty over liquidity funding and strengthening its global management through a stable financial structure. 

Seung-seok Hong, CEO of Volvik, said, "We made the investment because we believe that Volvik has potential future value and there is a great opportunity for value-up through management efficiency, and we plan to further enhance the status of the global golf brand that Volvik has achieved so far."