Kim Ki-hong Reappointed as Chairman of JB Financial Group... Selected as Final Candidate by Nomination Committee

[Asia Economy Reporter Kim Hyo-jin] JB Financial Group announced on the 15th that it held the Executive Candidate Recommendation Committee (hereinafter referred to as the Committee) on the 14th and selected the current Chairman Kim Ki-hong (photo) as the final candidate for the next chairman.

The Committee, composed of all outside directors and non-executive directors of JB Financial Group, reviewed the capabilities of candidates as CEOs, including vision for JB Financial Group, expertise, leadership, and corporate social responsibility, narrowing down candidates from both internal and external pools.

At the meeting, the Committee evaluated candidates through in-depth questions regarding specific strategies to respond to the new financial environment, ways to build trust with shareholders and customers, and plans for domestic and international business diversification. As a result, Chairman Kim was unanimously selected as the next chairman candidate.

Chairman of the Board and Committee Chair Yoo Kwan-woo of JB Financial Group stated, “Chairman Kim Ki-hong has efficiently managed the organization over the past three years despite a challenging financial environment, transforming JB Financial Group into the most profitable group among domestic financial groups. The Committee members agreed that Chairman Kim should continue to lead the group to continuously develop JB Financial Group in response to the anticipated rapid changes in the financial environment.”

Chairman Kim is scheduled to be reappointed as CEO chairman through the regular shareholders' meeting and board of directors next March. He was appointed for a three-year term in March 2019.

JB Financial Group is a comprehensive financial group with subsidiaries including Jeonbuk Bank, Gwangju Bank, JB Woori Capital, and JB Asset Management, and grandchild companies such as Phnom Penh Commercial Bank (PPCBank), JB Capital Myanmar, JB Securities Vietnam, and JB Phnom Penh Asset Management.

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