Who Will Be the Next Chairman?… Korea Exchange Begins Appointment Process

Senior appointments expected to be finalized within the year... Son Byung-du, former Vice Chairman of the Financial Services Commission, among candidates

[Asia Economy Reporter Minwoo Lee] The Korea Exchange is initiating the formal process to find a successor to Chairman Jeong Ji-won, whose term has ended.

The Korea Exchange announced on the 13th that it will post a recruitment notice for the new chairman on its website and in daily newspapers.

The Exchange's Director Candidate Recommendation Committee (Recommendation Committee) will accept applications from today until the 20th. Then, around the 23rd, the Recommendation Committee will hold a meeting to recommend the next chairman candidate after document screening and interviews. The Exchange plans to complete the appointment of the chairman within this year.

The Recommendation Committee is composed of a total of nine members: five outside directors of the Exchange, one representative each from KOSPI and KOSDAQ listed companies recommended by the Listed Companies Council and the KOSDAQ Association respectively, and two members recommended by the Korea Financial Investment Association.

Potential candidates for the next chairman include Son Byung-doo, former Vice Chairman of the Financial Services Commission; Min Byung-doo, former member of the 20th National Assembly and former Chairman of the Political Affairs Committee; and Jung Eun-bo, ambassador for defense cost-sharing negotiations (former Vice Chairman of the Financial Services Commission and former Chairman of the Securities and Futures Commission).

It is undecided whether the applicants will be disclosed. The Recommendation Committee plans to discuss whether to disclose the candidates after the application deadline, with the candidates' consent.

Meanwhile, Chairman Jeong Ji-won is expected to be elected as the next president at the General Assembly of the Korea Non-Life Insurance Association held today.

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