Seo Jeong-hak Appointed as New CEO of IBK Savings Bank

At the online non-face-to-face inauguration ceremony of IBK Savings Bank, Seo Jeong-hak, the newly appointed CEO (third from the left), takes a commemorative photo.
[Photo by IBK Savings Bank]

[Asia Economy Reporter Song Seung-seop] IBK Savings Bank announced on the 15th that it held an online non-face-to-face inauguration ceremony for its new CEO, Seo Jeong-hak, at its headquarters located in Bujeon-dong, Busan.

New CEO Seo, a former vice president of IBK Industrial Bank, was appointed at the shareholders' meeting held on the 11th. Born in 1963, he graduated from Kyungsung High School and Dongguk University with a degree in English Literature, and joined Industrial Bank in 1989. He subsequently served as branch manager of Itaewon, head of the IB support department, head of the technology finance department, IT group leader, global and capital markets group leader, and CIB group leader.

In his inaugural speech, CEO Seo stated, “A higher level of internal control environment is required due to the rapidly changing paradigm of the financial industry, concerns over the deterioration of soundness in microfinance caused by the COVID-19 pandemic, the enforcement of the Financial Consumer Protection Act, and the emergence of the need for ESG (Environmental, Social, and Governance) management,” adding, “IBK Savings Bank is surrounded by difficult and uncertain real-world conditions.”

As the future direction of IBK Savings Bank, he presented “strengthening support for the underprivileged and small business owners who have been struggling due to the prolonged COVID-19 pandemic,” “advancing into the top 10 in the savings bank sector,” “revolutionizing customer service through non-face-to-face channels by strengthening digital platforms,” “enhancing consumer protection and practicing social values,” and “leveling up organizational culture.”

CEO Seo said, “I will dedicate myself to IBK Savings Bank with all the knowledge and know-how accumulated at IBK Financial Group,” and urged, “Let us create a new future for IBK Savings Bank together through wonderful teamwork built on solid teamwork.”

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