San-eun Appoints Choi Dae-hyun, Senior Executive Vice President, as First Executive Vice President

[Asia Economy Reporter Jin-ho Kim] The Korea Development Bank announced on the 27th that it has appointed Choi Dae-hyun, Senior Executive Vice President, as the new Chief Senior Vice President (Executive Director).

Choi, who joined the bank in 1992, is a financial expert with nearly 30 years of experience in corporate finance, investment banking (IB), serving as a resident officer in Vietnam, head of Corporate Finance Division 3, and chief of the Secretariat. Through various internal and external experiences, he has developed a broad perspective on the bank as a whole, demonstrating excellent ability to reach consensus even amid conflicts, the bank explained.

In particular, since 2019, while serving as head of the Corporate Finance Division and Senior Executive Vice President, he signed the ‘Industry-Finance Cooperation Program’ with major affiliated companies, which was highly evaluated for expanding funding supply to restructure businesses toward future and advanced industries. During the COVID-19 crisis, he also strengthened the bank’s role as a key policy financial institution by continuously supporting funding for key industries.

He led restructuring issues on the front lines, promoting the integration plan of Korean Air and Asiana Airlines to enhance the competitiveness of the national air transportation industry. Additionally, he achieved notable results such as the reconstruction of the shipping industry through the normalization of HMM, early normalization of the Doosan Group, and completion of restructuring of medium-sized shipbuilders through the sale of Hanjin Heavy Industries & Construction and STX Offshore & Shipbuilding.

A bank official stated, "Considering the performance and capabilities demonstrated as Senior Executive Vice President over the past year as a key member of the top management, he is expected to be the right person to lead the Korea Development Bank’s leap forward in pioneering green finance and innovative growth in South Korea."

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