DB Group Executive Personnel Changes... Koo Gyo-hyung, Choi Chang-sik, Lee Sung-taek, Kim Jung-nam Promoted to Vice Chairman

DB Group announced on the 13th that it has appointed a new Vice Chairman. From the left in the photo are Koo Kyo-hyung, the new Vice Chairman, Choi Chang-sik, Vice Chairman of DB HiTek, Lee Sung-taek, Vice Chairman of DB Financial Research Institute, and Kim Jung-nam, Vice Chairman of DB Insurance.

[Photo by DB Group]

[Asia Economy Reporter Ki-min Lee] DB Group announced on the 13th that it has carried out executive personnel changes, promoting Koo Gyo-hyung, Head of the Management Planning Division (President), and Choi Chang-sik, CEO and President of DB HiTek, to Vice Chairmen. Lee Seong-taek, President of DB Financial Research Institute, and Kim Jeong-nam, CEO and President of DB Insurance, were also promoted to Vice Chairmen in this personnel reshuffle.

Born in 1956, the newly appointed Vice Chairman Koo graduated from Gyeonggi High School and Seoul National University with a degree in Trade. He joined DB Group in 2006 after working at the Korea Institute for International Economic Policy, Korea Institute for Industrial Economics & Trade, and Samsung C&T Corporation. Since then, he has worked at Dongbu Steel and DB HiTek, and has been serving as the Head of the Group's Management Planning Division since last year.

Vice Chairman Choi, born in 1954, graduated from Gyeonggi High School and completed his bachelor's and master's degrees in Materials Engineering at Seoul National University. He earned a Ph.D. in Electronic Engineering from the University of North Carolina in the United States. After joining DB Metal, he moved to Samsung Electronics, where he served as the Head of the System LSI Foundry Center. In 2012, he transferred to DB HiTek and has been managing the company as CEO.

Vice Chairman Lee, who leads DB Financial Research Institute, was born in 1952. He graduated from Gyeongbuk High School and Korea University with a degree in Business Administration, and joined Dongbu Construction in 1974. He has held key management positions at major financial affiliates such as DB Insurance, DB Life, and DB Financial Investment, and has been serving as President of DB Financial Research Institute since 2014.

Born in 1952, Vice Chairman Kim graduated from Bukpyeong High School and Dongguk University with a degree in Public Administration. After joining Dongbu Expressway in 1979, he moved to DB Insurance in 1984, where he worked in sales and planning. He has been serving as CEO of DB Insurance since 2010.

In addition to the Vice Chairman promotions, DB Group also appointed Kim Kyung-deok, Vice President of DB Metal, as CEO and President; Jung Kyung-soo, Vice President of Asset Management Division at DB Insurance, as President; and Jung In-hwan, President of the Real Estate Business Division at DB Inc., as CEO and President of DB World.

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