Busan Bank Narrows Down to 3 Candidates for Next President... Current President Bindaein Likely

Bindae-in, President of Busan Bank

[Asia Economy Reporter Kim Min-young] The next president candidates for BNK Busan Bank have been narrowed down to three. The incumbent president, Bin Dae-in, is expected to be reappointed.

According to the financial sector on the 27th, the Busan Bank Executive Candidate Recommendation Committee held a meeting at the bank's headquarters in Nam-gu, Busan on the 26th and confirmed three candidates, including President Bin, as the next president candidates. The other candidates on the shortlist are Vice President An Gam-chan and BNK Financial Group Vice President Myung Hyung-guk. There is speculation that President Bin's reappointment is highly likely.

President Bin, who took office in September 2017 after former BNK Financial Group Chairman and Busan Bank President Sung Se-hwan was arrested on charges of stock manipulation, is evaluated to have achieved results by strengthening internal unity and restructuring the business structure over two years and five months.

Performance has also improved. In 2018, Busan Bank's net income increased by 70.2% from the previous year to 346.4 billion won. Last year, net income also rose by 8.1% to 374.8 billion won.

Vice President An Gam-chan is noted for strong execution skills based on his experience in the marketing division. Vice President Myung served as head of management planning and strategic planning departments at Busan Bank.

The Busan Bank Executive Candidate Recommendation Committee plans to conduct in-depth interviews with the three candidates next week and then select the final candidate.

It is also reported that the weight is leaning toward the reappointment of existing CEOs such as Hwang Yoon-chul of Gyeongnam Bank and Lee Doo-ho of BNK Capital, other affiliates of BNK Financial Group.

Kim Ji-wan, BNK Financial Group Chairman, who has virtually secured a three-year reappointment recently, is known to prioritize stability. Chairman Kim and the affiliate CEOs will be officially appointed after approval at the shareholders' meeting scheduled for the 20th of next month.

This content was produced with the assistance of AI translation services.