IBK Industrial Bank, Appoints 3 New Deputy Presidents Including Additional Female Deputy President

Focusing on Stability with Minimal Organizational Restructuring... Strengthening Internal Controls and Full-Scale ESG Management Initiatives

Kim Eun-hee, Deputy Head of Financial Consumer Protection Group

[Asia Economy Reporter Park Sun-mi] IBK Industrial Bank announced on the 14th that it has carried out an organizational restructuring ahead of the regular personnel appointments scheduled for the first half of 2021 on the 19th.

Since there was a major restructuring of headquarters last July to promote ‘Innovative Management,’ including the establishment of the Innovation Finance Group and Asset Management Group, this organizational restructuring focuses on stability and is minimized, while emphasizing ‘Proper Management’ and ‘Sustainable Management.’

First, the newly established ‘Internal Control Headquarters’ will serve as the control tower for internal control to secure customer trust through proper management. Its main tasks include checking compliance with laws and regulations at branches and headquarters, and preemptive integrated management and supervision of risk factors related to internal control. In addition, to promote sustainable management, an ‘ESG Management Team’ was established within the Strategic Planning Department, and to support digital transformation, a ‘Digital Innovation Research Team’ was established within the IBK Economic Research Institute.

Juyong Park, Vice President of CIB Group

IBK Industrial Bank also conducted promotions for three vice presidents.

Kim Eun-hee, head of the Gangdong Regional Headquarters, was appointed as head of the Financial Consumer Protection Group; Park Joo-yong, head of IBK Indonesia Bank (at the headquarters level), was appointed as head of the CIB Group; and Jeon Byung-sung, head of the Gyeongdong and Gangwon Regional Headquarters, was appointed as head of the Digital Group. Their terms begin on the 15th.

Newly appointed Vice President Kim Eun-hee is a field expert with extensive experience and insight in customer management and asset management, and is evaluated as the right person to contribute to establishing a financial consumer protection system in response to the new regulatory environment. With the appointment of Vice President Kim Eun-hee, IBK Industrial Bank will have two female vice presidents for the first time.

Jeon Byung-sung, Deputy Head of Digital Group

New Vice President Park Joo-yong, who has gained expertise in SME finance through roles such as head of the Credit Planning Department and head of the Corporate Customer Department, and led IBK’s first overseas bank merger and acquisition (M&A), is regarded as the right person to lead the ‘CIB Group’ with his global sensibility. New Vice President Jeon Byung-sung, who served as head of the headquarters responsible for Pangyo Techno Valley and Guro Digital Complex, where digital and IT companies are concentrated, and has experience resolving difficult issues in the HR and Inspection Departments, will be in charge of ‘digital transformation.’

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