Im Seong-hoon Appointed as Next Daegu Bank President

Im Seong-hoon, Candidate for President of Daegu Bank

[Asia Economy Reporter Kim Min-young] Lim Sung-hoon, the deputy head of Daegu Bank, has been selected as the new president candidate.

DGB Financial Group announced on the 3rd that it held a Group Executive Candidate Recommendation Committee meeting and selected Deputy Head Lim as the final candidate for the 13th president of Daegu Bank.

Kim Tae-oh, chairman of DGB Financial and president of Daegu Bank, accepted a temporary dual role as bank president in January last year to stabilize the organization and foster successors. At the same time, he introduced the first transparent and fair next-generation bank president development program in the financial sector. Since then, the roles and participation of the holding company and bank directors have been significantly strengthened, and a two-year direct evaluation process of the capabilities and qualities of CEO candidates has been conducted.

Despite internal and external difficulties caused by the COVID-19 pandemic, Daegu Bank sequentially carried out the CEO development program for selecting the next president. After conducting a program involving many external experts, Deputy Head Lim was chosen as the final candidate.

Born in 1963, Deputy Head Lim Sung-hoon graduated from Daegu Jungang High School. He has been recognized for his extensive experience and know-how in various fields, having served as head of the Marketing Promotion Department, head of the Pohang Sales Department, and in charge of the Management Planning Headquarters, handling major management-related tasks. Additionally, in 2018, he served as head of the bank's Public Finance Headquarters, where Daegu Bank maintained its position as the regional treasury keeper amid fierce competition with large commercial banks for local government deposits.

Deputy Head Lim is expected to be appointed president after undergoing candidate qualification verification and final recommendation procedures by the bank's Executive Candidate Recommendation Committee on the 10th, followed by a shareholders' meeting at the end of this month.

Kwon Hyuk-se, chairman of the recommendation committee, stated, “The CEO development program introduced by DGB Financial, the first in Korea, is a top-level process where each candidate accumulates capabilities and expertise, grows, and cultivates qualities. We are confident that the final candidate who has gone through this process will become an excellent president, and we expect the DGB CEO development program to become a model case for domestic financial institutions.”

Chairman Kim said, “This CEO development program, which provided fair opportunities free from academic or regional ties, was meaningful as it was conducted through a high-level and transparent process involving reputable experts and outside directors. We intend to continue this not as a one-time event but as a sustainable DGB Financial CEO succession model and executive development program, through which we will provide higher quality financial services to customers and contribute to economic revitalization.”

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