Korea Securities Finance Appoints Yoon Chang-ho as New President

[Asia Economy Reporter Lee Seon-ae] Korea Securities Finance has appointed Yoon Chang-ho, former head of the Financial Intelligence Unit at the Financial Services Commission, as its new CEO.

Korea Securities Finance held its 71st regular shareholders' meeting (for the 2020 fiscal year) at 10 a.m. on the 31st at its Yeouido headquarters, where it approved the appointment of the new CEO and the financial statements as originally proposed.

New CEO Yoon Chang-ho passed the 35th Administrative Examination and has been responsible for various domestic and international financial policies at the Financial Services Commission (formerly the Financial Supervisory Commission), including financial industry policy, corporate restructuring, microfinance, and financial consumer protection.

Korea Securities Finance stated, “In an environment where domestic and international financial volatility is increasing and digital financial innovation is accelerating due to advances in information technology, new CEO Yoon Chang-ho is expected to be the right person to enhance Korea Securities Finance’s competitiveness by responding to changes in the industrial landscape, as well as fulfilling its core roles of supporting capital market liquidity and protecting investors.”

Yoon Chang-ho will assume office on April 1, with a term of three years.

At the shareholders' meeting, Korea Securities Finance reported operating results for the 2020 fiscal year, with total assets of KRW 60.9793 trillion and net income of KRW 262 billion as of the end of the fiscal year. The dividend rate for the 2020 fiscal year was set at 11% (KRW 550 per share), considering operating performance and the increase in the number of shares due to a paid-in capital increase (from 68 million shares to 136 million shares).

Korea Securities Finance also set the management goal for the 2021 fiscal year as “Enhancing innovation capabilities for co-growth with the capital market,” and presented key tasks including ▷ strengthening the role as a safety net for the capital market in preparation for increased volatility in domestic and international financial markets ▷ laying the foundation for solid growth aligned with external growth ▷ preparing for future trends in the changing financial market.

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