Kim Kwangsoo, NongHyup Financial Group Chairman, Elected as the 14th Chairman of the Korea Federation of Banks

Term Begins from December 1

[Asia Economy Reporter Park Sun-mi] Kim Kwang-soo, Chairman of NongHyup Financial Group, will assume the position of the 14th Chairman of the Korea Federation of Banks starting next month on the 1st.

The Korea Federation of Banks announced on the morning of the 27th that it held a general meeting with representatives of member institutions and unanimously elected Kim Kwang-soo, the current Chairman of NongHyup Financial Group, as the 14th Chairman of the Federation. Earlier, the Federation's board of directors recommended Chairman Kim as the sole candidate for the next chairman on the 23rd.

The new chairman is scheduled to begin a three-year term starting December 1.

Chairman Kim is evaluated to significantly contribute to the development of the banking industry, which faces internal and external uncertainties such as the prolonged COVID-19 pandemic and digital transformation, based on his extensive experience and outstanding insight into the banking industry.

Born in 1957, Kim graduated from Gwangju Jeil High School, Seoul National University with a degree in Economics, and the Paris Institute of Political Studies (Sciences Po) with a degree in International Economics. He entered public service by passing the 27th Administrative Examination and has served as Director of Financial Services at the Financial Services Commission and as Director of the Financial Intelligence Unit. Since April 2018, he has been serving as Chairman of NongHyup Financial Group.

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