Hong Seok-hyun

Hong Seok-hyun (born 20 October 1949) is a South Korean businessman who is the chairman of JoongAng Holdings, the Korea Peace Foundation, and the Korea Baduk Association.

He is a brother-in-law of Lee Kun-hee.

Hong graduated from Kyunggi High School in 1968.

He received a bachelor's degree in engineering from Seoul National University (South Korea) in 1972, and a master's in industrial engineering from Stanford University (U.S.) in 1978.

He worked as an economist for the World Bank from 1977 to 1983.

He went on to acquire a Ph.D. in economics from Stanford University (U.S.) in 1980.

From 1983 to 1985, he served as principal assistant to the chief of staff to the president of Korea.

He also worked as a researcher in Korea Development Institute from 1985 to 1986.

In 1994 he became the president and publisher of JoongAng Ilbo.

Since then, he has led major innovations in South Korean newspaper industry, and completed comprehensive and all-round media portfolio with different media organizations.

Since he became the president and publisher of JoongAng Ilbo in 1994, he has achieved major innovations and development of South Korean newspapers.

He has presented new standards such as the induction of specialized journalists (1994), the publication of sectional newspapers (1994), the start of an online news service for the first time in Asia (1995) and the publication of a high-end Sunday newspaper (2007) etc. These were all firsts in South Korean press history and soon became new standards for the local industry.

In 2000s, JoongAng Ilbo has expanded into a comprehensive and all-round media group, which is called JMnet(JoongAng Media Network).

JMnet has achieved vertical integration from content production to content distribution by operating newspapers (JoongAng Ilbo, JoongAng Sunday, IS Ilgan Sports, Korea JoongAng daily, The Korea Daily), broadcasting channels (JTBC, JTBC2, JTBC3 Fox Sports, JTBC Golf), publishing, magazine and entertainment sectors (MegaBox).

JMnet became the only media group that runs such a diverse portfolio in Korea.

With over 2,500 employees, its vision is to become a global media group that represents an Asian voice and an Asian perspective.

As being recognized by a wide range of global network and partnership of the company, he served as the president of the World Association of Newspapers from 2002 to early 2005, and was the first person from Asia to hold the post.

As being recognized by a wide range of global network and partnership, he served as president of the World Association of Newspapers, a position to which he was elected in 2002 and re-elected in June 2004.

He was also a president of the ROK's Korea Association of Newspapers from 2003 to 2005.

He has been active in public service as well.

From late 70s to early 80s, he worked in the World Bank and South Korean government service.

He also served as the first chairman of the newly launched the English-Speaking Union Korea in 2004.

He is a member of the Trilateral Commission; the International Advisory Council for the Center on Northeast Asian Policy Studies at the Brookings Institution; the Advisory Council for the Asian Studies Center of the Heritage Foundation; and the Advisory Council of the Korea Society.

He also serves on the board of the Asia Society.

Hong has contributed to strengthen ties between scholars and journalists as annually hosting J-Global Forum and Northeast Asia Trilateral Forum.

He is the president of the organizing committee of the World Culture Open (WCO), a global cultural network of people creatively collaborating for cultural exchange, space and support worldwide.

As an effort to restore traditional culture in South Korea, he founded Hwa Dong Cultural Foundation and has been staging related events and activities around the world.

Also, he served as the ambassador to the United States from February 2005 until his resignation in September 2005.

He was appointed to the ambassador to the United States from February 2005 until he resigned in September 2005 due to his involvement in the X-file scandal.

In 2009, JoongAng Ilbo changed its format from Broadsheet to Berliner, which was the first move among South Korean newspapers.

In 2011, Hwa Dong Cultural Foundation and The Prince's Charities Foundation in UK completed the project of filming “The Arch of Enlightenment,” a documentary of restoration of Gwanghwamun Gate.

The film was premiered at London's Curzon Mayfair Cinema on 31 January 2011 with about 300 guests including Prince Charles, and later aired on Sky Art 2.

As the founder of Yumin Cultural Foundation, he also has supported various efforts to promote creative works in the fields of journalism, science, culture and society.

Hong Seok-hyun's father is Hong Jin-ki, a former minister of justice, chief executive officer of Joongang Broadcasting Station and president of Joongang Ilbo; as well as an identified Chinilpa.

Hong Seok-hyun is the brother-in-law of Lee Kun-hee, the current chairman of Samsung Group.

Lee Kun-hee is married to Hong's sister Hong Ra-hee.

JMnet acquired Multiplex MegaBox in 2015 and acquired Bokwang Corporation in the following year.

Bokwang Corporation was changed to Phoenix Hotel and Resorts since it had been acquired.

JMnet declared JoongAng Group for new beginnings in 2018.

During his career, he has been active in public service.