KB Securities Appoints Min Byung-hyun, Former Deputy Director of FSC, as New Full-time Audit Committee Member
Min Byung-hyun, full-time auditor at KB Securities, conducting a press conference during his tenure as Deputy Director General at the Financial Supervisory Service.
View original image[Asia Economy Reporter Minwoo Lee] KB Securities has appointed Min Byungheon, former Deputy Director of the Financial Supervisory Service, as the new full-time audit committee member to strengthen customer trust and improve internal control procedures.
KB Securities announced on the 18th that it has made this appointment. With the enforcement of the Financial Consumer Protection Act anticipated and the importance of consumer protection emphasized, the company explained that it has transitioned to a full-time audit committee system to reinforce compliance and internal control-related procedures.
A KB Securities official stated, "The reason for appointing a full-time audit committee member despite having an audit committee is due to operational efficiency," adding, "The full-time audit format offers excellent information accessibility like a chief audit executive, making it advantageous for understanding operations. Additionally, as a registered executive director, the member can simultaneously participate in most management decisions, enabling proactive management and response."
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Full-time audit committee member Min Byungheon has accumulated over 30 years of experience working at the Financial Supervisory Service. Notably, as a former Deputy Director of the Financial Investment Division at the FSS, he possesses outstanding expertise in supervising and inspecting securities firms and asset management companies. Holding multiple financial professional certifications such as Chartered Financial Analyst (CFA), American Institute of Certified Public Accountants (AICPA), and Financial Risk Manager (FRM), he is regarded as having a comprehensive understanding of the securities industry beyond simple audit tasks.
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