Industrial Bank Appoints Choi Dae-hyun as Senior Executive Vice President... Organizational Restructuring Implemented

Introduction of the 'Senior Deputy Head' System to Enhance Organizational Efficiency and More

[Asia Economy Reporter Kangwook Cho] On the 31st, the Korea Development Bank announced that it had carried out an executive vice president appointment along with an organizational restructuring, appointing Choi Dae-hyun, the current head of the Corporate Finance Division, to the newly established position of Senior Executive Vice President. Additionally, Park Sun-kyung, the current Compliance Officer, was appointed as the new Executive Vice President.

Considering the increased workload of new policy finance tasks such as the Korean New Deal, green finance, and support for new industries and innovative companies, the bank decided to introduce the 'Senior Executive Vice President' system to improve organizational efficiency through appropriate task distribution among management. Unlike other Executive Vice Presidents who are each in charge of one division, the Senior Executive Vice President will oversee four of the bank’s nine divisions: Corporate Finance, Global Business, Capital Markets, and Evaluation.

Furthermore, the new Executive Vice President Park Sun-kyung will take on the role of head of the Management Division, while the Corporate Finance Division, previously overseen by Senior Executive Vice President Choi Dae-hyun, will be managed by Ahn Young-gyu, the current head of the Industry and Finance Cooperation Center, as acting division head.

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