KB Kookmin Bank Operates 'Consumer Rights Enhancement Advisory Committee' Composed of External Experts
On the 5th, at the KB Kookmin Bank Yeouido Headquarters, the 1st "Consumer Protection and Rights Enhancement Advisory Committee" was held, where Myung Hyun-sik, Executive Director of the Consumer Protection Headquarters, Yoo Hyun-jung, Professor at Chungbuk National University, Kwon Dae-woo, Professor at Hanyang University, Jeon Kyung-geun, Professor at Ajou University, Heo In, President of KB Kookmin Bank, and Yoon Jung-sik, Head of the Consumer Protection Department (from left in the photo) are posing for a commemorative photo.
View original image[Asia Economy Reporter Kangwook Cho] KB Kookmin Bank announced on the 8th that it will establish and operate the 'Consumer Protection and Rights Enhancement Advisory Committee' composed of external experts.
The committee is an internal organization aimed at strengthening the rights and interests of financial consumers, operated with four external experts and one internal member.
Professor Daewoo Kwon of Hanyang University, former president of the Korean Consumer Studies Association, was appointed as the inaugural chairman, along with Professor Hyunjung Yoo of Chungbuk National University, president of the Korean Consumer Culture Association; Professor Kyunggeun Jeon of Ajou University, an expert in financial law; and Professor Jaehyung Do of Ewha Womans University, an expert in labor law. The internal member is Executive Director Hyunsik Myung, the head of financial consumer protection at KB Kookmin Bank.
The committee will serve an advisory role to enhance the rights and interests of financial consumers by proposing improvements to consumer protection systems and processes, reviewing consumer orientation of new products and services, and the advisory results will be actively reflected in the bank's consumer protection policies.
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A KB Kookmin Bank official said, “We proactively established the committee not only to enhance the rights and interests of financial consumers but also to increase customer trust in KB Kookmin Bank,” adding, “KB Kookmin Bank will continue to do its best to protect consumer rights.”
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