Lee Kyong-il, former deputy head of Korea Insulation Co., took the reins of Eastar Jet Group as new chairman, the low-cost air carrier said on Friday. The group is one of KIC’s affiliates.

Having built his career as the No. 2 man in KIC and CEO of Samyang Reduction Gear Co., Lee has extensive knowledge of the group, the company said.

“Having become the company chairman is to face a series of new challenges, I will do my best,” Lee said.

A Jeonju University graduate, Lee holds a bachelor’s degree in art history and completed the business management course at Seoul National University.

(joowonc@heraldcorp.com)