Yoon Jong-kyu's Commute After Third Term Success: "Establishing KB as a Leading Financial Group"

Selected as the next president candidate, effectively achieving a third consecutive term

[Image source=Yonhap News]

[Asia Economy Reporter Park Sun-mi] "KB Financial Group will have concrete plans and execute them one by one to become number one in the financial platform sector as well."

Yoon Jong-kyu, chairman of KB Financial Group, who was effectively reappointed for a third term after being selected as the next chairman candidate, expressed his ambition on the 17th to become the "number one financial platform company." This is interpreted as a determination not to fall behind big tech companies like Naver and Kakao in the digital finance competition by leveraging KB's unique strengths.

On the morning of the same day, Chairman Yoon met with reporters on his way to work at KB Financial headquarters in Yeouido, Seoul, saying, "I humbly accept the board's decision to give me another mission to establish KB as a leading financial group during these critical times."

He added, "Compared to big tech companies, we have the capability to provide comprehensive services, can cover both online and offline channels simultaneously, and have personnel with professional service capabilities," and emphasized, "We must maximize customer convenience and benefits while leveraging KB Financial's strengths."

He explained that the low stock price of KB Financial reflects concerns about the competitiveness of traditional financial companies facing big tech firms in the non-face-to-face era. To become number one in financial platforms, KB Financial Group is also open to collaboration possibilities with big tech.

Chairman Yoon also stated, "We aim to make progress toward strengthening global growth," highlighting the enhancement of global capabilities based on several recently acquired overseas financial companies.

Meanwhile, the KB Financial Chairman Candidate Recommendation Committee selected Chairman Yoon as the next chairman candidate the day before. If his reappointment is confirmed at the extraordinary shareholders' meeting in November, he will serve as KB Financial chairman until November 2023.

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