Koscom Appoints Hong Woo-seon as New CEO

[Asia Economy Reporter Oh Ju-yeon] Koscom announced on the 5th that it held an extraordinary general meeting of shareholders at its Seoul headquarters on the 4th and appointed Hong Woo-seon, former CEO of NICE Information & Telecommunication, recommended by the CEO Candidate Recommendation Committee, as the 19th CEO of Koscom.

Hong Woo-sun, New CEO of Koscom

Newly appointed CEO Hong Woo-seon has served as CEO of four companies for 18 years since 2000 and is known for his deep insight into securities and finance, having served as a director of the Korea Securities Association and the Korea Finance Association. He has experience in developing various new financial products, including the introduction of the nation's first bond index and bond ETFs to the capital market (in collaboration with the Korea Exchange).

He also signed business agreements with world-leading financial infrastructure companies such as Moody's, FT Interactive Data, and D&B, and proceeded with commercialization. Additionally, he actively promoted the expansion of advanced domestic financial systems into overseas markets, achieving good results in countries such as Indonesia.

A Koscom official stated, "Based on such experience and knowledge, it is expected that Koscom will grow one step further from being a leading capital market IT company to a digital financial innovation company, even amid the intensifying competition in the current global financial environment and the waves of the 4th Industrial Revolution."

The term of the newly appointed Koscom CEO is until December 4, 2023.

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