Kim Dong-kwan, the eldest son of Hanwha Group Chairman Kim Seung-youn and vice president and head of strategy at Hanwha Solutions Corp., was promoted to president in an unusually early group-wide executive reshuffle, moving a step closer to taking over the helm of South Korea’s 7th largest conglomerate from his father. Hanwha Group announced the younger Kim, 37, was promoted to president of Hanwha Solutions less than a year after he was promoted to vice president. Kim ascended to executive director position in 2015 before he was promoted to vice president after four years.

The Hanwha group operates department store Galleria.