Lotte Card Recommends Jo Jwajin, Former Hyundai Capital America CEO, as New CEO

[Asia Economy Reporter Ki Ha-young] Jo Jwa-jin, former CEO of Hyundai Capital America, has been recommended as the new CEO of Lotte Card.

Lotte Card announced on the 13th that it held an executive candidate recommendation committee meeting the previous day and recommended Jo Jwa-jin, former CEO of Hyundai Capital America, as CEO. Candidate Jo is expected to be officially appointed through the shareholders' meeting and board of directors at the end of March.

Candidate Jo Jwa-jin, born in 1967, has served as Head of Marketing Headquarters and Head of Strategy Headquarters at Hyundai Card, as well as the Korea representative of Oliver Wyman.

A Lotte Card official said, "Candidate Jo is an expert with deep understanding and experience in the credit card business, and we expect him to be the right person to lead Lotte Card to become a leading credit card company in the industry."

Meanwhile, Kim Chang-kwon, who has led Lotte Card since 2017, will be promoted to full-time Vice Chairman. Vice Chairman Kim has continuously pursued future business with a focus on profitability and a long-term perspective despite the worsening management environment in the credit card industry. In particular, he was highly evaluated for achieving organizational stability even amid changes in the major shareholder, and Lotte Card established the Vice Chairman position for the first time to appoint him. He will continue to directly oversee major issues and support Lotte Card's new leap forward.

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