Home&Shopping Appoints Kim Okchan as New CEO
[Asia Economy Reporter Moon Hyewon] Home&Shopping announced on the 23rd that it has appointed Kim Okchan, former President of KB Financial Group, as its new CEO.
Kim, the new CEO, was elected as an inside director with the support of shareholders at an extraordinary general meeting held at the Courtyard Marriott Hotel in Gangseo-gu, Seoul, in the morning, and was subsequently appointed as the new CEO at the board meeting held in the afternoon.
Kim joined Kookmin Bank in 1982 and has served as acting president of Kookmin Bank, CEO of SGI Seoul Guarantee Insurance, and president of KB Financial Group.
Kim's term as CEO will last until June 23, 2022.
In his inaugural speech, Kim outlined key priorities including ▲ strengthening Home&Shopping's identity ▲ stabilizing management, restoring internal and external trust, and re-approval of the TV home shopping business ▲ enhancing and expanding business capabilities ▲ improving organizational efficiency and trust.
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A Home&Shopping official said, "To resolve management risks following the resignation of the previous CEO, we appointed a suitable CEO," adding, "We expect Kim, based on his capabilities and experience, to present plans and strategies for organizational stability and management normalization."
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