DGB Financial Confirms Next Chairman Candidates Including Chairman Kim Tae-o

Kim Tae-o DGB Financial Chairman, Lim Seong-hoon Daegu Bank President, Yoo Gu-hyeon Former Woori Card CEO

[Asia Economy Reporter Park Sun-mi] Three individuals, including the current DGB Financial Group Chairman Kim Tae-o, have been named as candidates for the next chairman of DGB Financial Group.

According to DGB Financial Group on the 1st, at the recently held Chairman Candidate Recommendation Committee (Chairman Recommendation Committee), Kim Tae-o, Chairman of DGB Financial Group, Lim Seong-hoon, President of Daegu Bank, and Yoo Gu-hyun, former CEO of Woori Card, were selected as the final candidates (shortlist) for chairman.

DGB Financial Group decides to start the management succession process six months before the chairman's term expires. On September 23rd, the Chairman Recommendation Committee was held to initiate the succession process and establish procedures, and on the 27th of last month, after verifying the qualifications and capabilities of eight candidates, the final candidates were selected.

DGB Financial Group plans to recommend a single candidate from the shortlist and finalize the next chairman through the shareholders' meeting in March next year.

Chairman Kim was highly evaluated for successfully acquiring Hi Investment & Securities after taking office and achieving favorable management performance even during the COVID-19 situation. President Lim, although having a short tenure as Daegu Bank president, completed the DGB CEO development program for two years and was appointed as Daegu Bank president in September, verifying his leadership capabilities and qualifications. Former CEO Yoo, a former vice president of Woori Bank, was recognized for having extensive expertise across overall banking operations.

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