Kyobo Life Insurance Launches Three Co-CEOs... "We Will Catch Three Rabbits"

Chairman Shin Chang-jae Outlines Mid-to-Long-Term Corporate Strategy
Yoon Yeol-hyun and Pyeon Jeong-beom Strengthen Core Business Competitiveness

[Asia Economy Reporter Oh Hyung-gil] Kyobo Life Insurance announced on the 29th that Chairman Shin Chang-jae and CEOs Yoon Yeol-hyun and Pyeon Jeong-beom have launched a three-person co-CEO system to strengthen core business competitiveness and pursue the three goals of new business and digital transformation.

Chairman Shin is in charge of strategic planning, drawing up mid- to long-term corporate strategies for Kyobo Life Insurance's sustainable management, while CEO Yoon is responsible for management support and external cooperation, overseeing asset management and management support.

CEO Pyeon is responsible for the insurance business, leading the insurance operations and digital transformation. He plans to solidify the company's foundation through enhancing marketing competitiveness and strengthening customer-centric sales, while also focusing on discovering future growth engines through digital innovation.

CEO Pyeon joined Kyobo Life Insurance in 1988 and has held positions such as head of the FP division and strategic planning. Since 2018, he has served as vice president in charge of channels, possessing extensive experience in insurance sales and strategic planning.

A Kyobo Life Insurance official stated, "The three CEOs will leverage their respective expertise to strengthen the competitiveness of existing businesses such as insurance and asset management, and focus on building innovative business models in digital and new business areas. We will ensure that the co-CEO system creates synergy and establishes differentiated competitiveness."

Pyeon Jeong-beom, CEO of Kyobo Life Insurance

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