[3rd Term Virtually Confirmed] KB Financial Final Candidate Selected as Chairman Yoon Jong-kyu

Scheduled to be appointed as chairman at the special general meeting on November 20

[Asia Economy Reporter Sunmi Park] The KB Financial Group Chairman Candidate Recommendation Committee (hereinafter referred to as the Committee) held a meeting on the morning of the 16th and selected Chairman Yoon Jong-kyu as the final candidate for the next chairman.

All candidates?Kim Byung-ho, Yoon Jong-kyu, Lee Dong-chul, and Heo In?who were selected as the final shortlist by the Committee on August 28th participated in the interview. The interview was conducted in the form of opening remarks by the candidates followed by a Q&A session between the committee members and the candidates.

The committee members conducted an in-depth evaluation of the candidates through questions on various topics including ▲strategic tasks to overcome crises in the new normal era, ▲digital transformation strategies to gain competitive advantage against platform companies, ▲global expansion plans, ▲methods to build trust with various stakeholders such as customers, shareholders, and employees, and ▲environmental, social, and governance (ESG) promotion strategies. Following the voting held thereafter, Chairman Yoon was selected as the next chairman candidate.

Regarding the Committee’s decision, Chairman Sunwoo Seok-ho stated, “All candidates were reviewed and evaluated from a zero base under the same standards. Chairman Yoon has led the organization stably over the past six years and established KB as a leading financial group. He has demonstrated excellent achievements by laying the foundation for revenue diversification through successful M&A in non-banking and global sectors. Additionally, he has built the group’s future growth base through digital financial innovation and holds a distinctive philosophy and conviction regarding ESG. In an era where crises like COVID-19 have become commonplace, the committee members agreed that Chairman Yoon should lead the organization for another three years to help KB overcome difficulties and continue sustainable growth.”

Chairman Yoon will be recommended to the board of directors as a chairman candidate after passing the executive qualification review stipulated by relevant laws and regulations, and is scheduled to be appointed as the representative director chairman with a three-year term at the extraordinary general meeting of shareholders to be held on November 20th.

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