Regardless of my title, my main job is to meet business leaders around the world and do what I can in my capacity to help grow OCI.”A leading solar cell manufacturer and the only Korean producer of polysilicon, a raw material used to make photovoltaic cells for semiconductor wafers and solar panels, OCI has actively pursued overseas expansion.“While polysilicon accounts for only a fourth of OCI’s total sales revenue, its product price fluctuation significantly affects our share prices.
The PE multiple is just a tenth of the market average,” Lee said.“Turning OCI into a holding company structure is a prerequisite for us to continue to grow.”In an apparent bid to allay investor concerns over a possible share price decline following the restructuring, he said the company is seriously considering a “massive” share buyback and cancellation.
He has four kids, including two in elementary school, which earned him the nickname “a Four Kids’ Club member.”Other members of the club include Shinsegae Group Vice Chairman Chung Yong-jin, Shinwon Group Vice Chairman Park Jeong-bin and Eagon Industrial Co.CEO Park Seung-jun.“When I come to work every Monday morning, I often feel, phew now I can relax,” he said with a smile on his face.
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