Eunsung has over eleven years of experience working in the automotive and shipping industries as well as managing alternative investments.
Prior to joining IPM Korea, Eunsung was the Head of Business Planning at AJ Rent-a-Car, one of the largest rental car companies in Korea. His responsibilities included business planning and strategy, managing corporate finance and budgeting, mergers and acquisitions, global licensing and investor relations. At AJ Rent-a-Car, Eunsung managed the company’s IPO on the KOSPI and developed new business models, including car-sharing, a used car distribution platform, auto-auction, auto-camping, and bike-leasing. He also led the company’s overseas expansion by setting up subsidiary companies in the US, Vietnam and Kazakhstan, and building business models suitable for each market. Eunsung also negotiated global licensing deals with Avis Budget Group, ORIX Corporation and Enterprise Holdings.
Prior to joining AJ Rent-a-Car, Eunsung was the Head of Ship Finance at HI Investment & Securities, an affiliate of Hyundai Heavy Industries Group. At HI Investment & Securities, he established and managed equity, mezzanine and sub-loan funds with an aggregate value of US$673m for a total of 16 container and bulk ships. Eunsung previously held an assistant asset manager role at KB Asset Management, one of the largest asset management companies in Korea. There he helped to manage a US$500m International Logistics Infrastructure Fund and a US$55m Ship Financing Fund. Eunsung began his career at STX Pan Ocean, where he was responsible for planning shipping lines and managing chartering contracts and logistics.
Eunsung holds a bachelor’s degree in Business Administration from SungKyunKwan University in Seoul and is a Certified Investment Manager in Korea.