Imunhwan Resigns as CEO of K Bank... Successor to Be Appointed Within This Month

Lee Moon-hwan, CEO of K Bank

[Asia Economy Reporter Kim Hyo-jin] Lee Moon-hwan, CEO of K-Bank, has suddenly tendered his resignation. K-Bank has entered an 'acting CEO' system, and the next CEO is expected to be appointed within this month.

According to banking circles on the 7th, Lee announced his intention to resign due to personal reasons. It has been about 10 months since he took office in March last year.

Lee led the process of normalizing operations by resuming loans in July last year based on capital increase, after K-Bank was unable to handle normal loans due to financial difficulties.

Lee's term was until early 2022. K-Bank has temporarily switched to an acting CEO system with Deputy CEO Jung Woon-ki.

K-Bank plans to hold an Executive Candidate Recommendation Committee (Nomination Committee) on the 8th to select the next CEO candidate and recommend them to the board. The next CEO is expected to be appointed as early as this month.

A K-Bank official said, "We hope that a suitable candidate who can achieve K-Bank's own vision of additional capital increase and reaching BEP as soon as possible, as well as solve additional issues such as realizing financial innovation, will be appointed as the new CEO."

Lee served as head of the Corporate Communications Division, head of the Strategic Planning Office, and head of the Corporate Business Division at KT, then worked as CEO of BC Card, a KT subsidiary, for two years from 2018 before taking office as CEO of K-Bank.

Since Lee's appointment, K-Bank has expanded its operations by completing a 400 billion KRW paid-in capital increase and newly launching apartment mortgage loans.

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