Kihak Sung, Chairman of Korea Federation of Textile Industries (KOFOTI) and Founder of Youngone Corporation, has been unanimously elected as the President of the International Textile Manufacturers Federation (ITMF) for 2018-20. The committee of management of the federation also elected members of the board, during Annual Conference 2018 held this month. Born on July 8, 1947, in Korea, Sung graduated with Bachelor of Arts in International Economics from Seoul National University in 1970. He received an honorary doctorate of Business Administration from Hallym University in 2011.