Coway Co., Ltd. announced that the company would change its management from a co-CEO structure to a sole-CEO system. Jangwon Seo, the current co-Chief Executive Officer, will become the sole Chief Executive Officer due to the retirement of his co-CEO, Hae-Sun Lee who moves into a role as a Part-Time Advisor on February 6, 2023. Jangwon Seo was a senior U.S. attorney at Shin & Kim, one of Korea's leading law firms. Following this, Seo served as the Chief Investment Officer and Chief Communications Officer at Netmarble Corp.

and as the representative of Netmarble Cultural Foundation. He joined Coway as a Chief Financial Officer before moving into his role as co-CEO in January 2021. The company's new sole CEO holds a Bachelor's Degree in Economics from Westminster College and a J.D. Degree from the University of Connecticut School of Law.