Nominee for KB Kookmin Bank Standing Auditor: Former Financial Security Institute Director Kim Young-ki

Kim Young-ki, President of the Financial Security Institute. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Moon Hyewon] Former Financial Security Institute President Kim Young-gi has been nominated as the Standing Audit Committee Member of KB Kookmin Bank.

According to Kookmin Bank on the 16th, the Audit Committee Candidate Recommendation Committee (hereinafter referred to as the ACCRC) selected former President Kim as the final candidate for the Standing Audit Committee Member in the afternoon. This is to fill the position following the end of the term of Standing Audit Committee Member Joo Jae-sung at the end of this month.

The ACCRC held four meetings and went through three rounds of candidate pool narrowing. Afterward, if no disqualifications are found during the additional qualification verification process, the final appointment will be made through the board of directors and an extraordinary general meeting of shareholders.

Candidate Kim is a former Deputy Director in charge of banks at the Financial Supervisory Service and is regarded as an audit expert with extensive experience in financial sector audits. He has served as Director of the Mutual Savings and Finance Supervision Bureau, Director General of Supervision, and Deputy Director General in charge of supervision at the Financial Supervisory Service. His key strength is recognized as organizational management through rational communication.

The ACCRC explained that the recommendation was based on Kim’s audit-related expertise and proven management capabilities demonstrated during his tenure as President of the Financial Security Institute. They noted that he focused on fostering security awareness among financial institutions, enhancing the financial sector’s perception of security, and expanded the organization by creating new businesses such as blockchain certification.

KB Kookmin Bank stated, “The appointment of candidate Kim, an expert in financial supervision, will serve as an opportunity to upgrade KB Kookmin Bank’s internal controls and related processes to the next level.”

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