Welcome Savings Bank Recommends Reappointment of CEO Kim Dae-woong

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[Asia Economy Reporter Kim Min-young] Kim Dae-woong, CEO of Welcome Savings Bank, has been reappointed.

According to the financial sector on the 11th, the Executive Candidate Recommendation Committee of Welcome Savings Bank held a meeting on the 5th and decided to recommend Kim as the candidate for Chief Executive Officer (CEO).

The committee stated, "Candidate Kim Dae-woong is an expert in finance and economics with experience at various financial institutions," and added, "During his tenure as the bank's general executive (standing director) and CEO, he solidified the bank's position as a digital financial institution through the digitalization of banking services and led the bank's development by expanding loan and deposit assets." They also noted, "He demonstrated a high level of understanding of the savings bank's operations and vision, as well as outstanding management and administrative capabilities, proving his qualifications as CEO."

After graduating from Seoul National University with a degree in economics, Kim served at Hanil Financial Lease and Welcome Crediline Loan before becoming a standing director at Welcome Savings Bank. He was appointed CEO on March 27, 2017.

During Kim's tenure, Welcome Savings Bank posted net profits of 35 billion KRW in 2017 and 63.2 billion KRW in 2018. Last year, the bank recorded a cumulative net profit of 81.3 billion KRW through the third quarter, nearing an annual milestone of 100 billion KRW.

Kim's reappointment will be finalized at the shareholders' meeting scheduled for the 30th. His term will last until March 2023.

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