IBK Industrial Bank appoints 3 new Deputy Presidents... Expansion of promotion scale

Bank President Yoon Jong-won's Personnel Keyword: Upholding the Principles of 'Fairness and Inclusion'

Im Muntaek, Deputy Governor

[Asia Economy Reporter Sunmi Park] IBK Industrial Bank announced on the 13th that it conducted the regular personnel reshuffle for the first half of 2022, promoting and transferring a total of 2,256 employees, including three newly appointed vice presidents.

The new vice presidents appointed are Lim Muntek as Head of Corporate Customer Group, Choi Kwangjin as Head of CIB Group, and Kwon Yongdae as Head of Innovation Finance Group.

Kwangjin Choi, Deputy Governor

Vice President Lim, who served as Head of the Incheon Regional Headquarters, is a corporate finance expert who contributed to IBK becoming the first financial institution to achieve 200 trillion KRW in medium-term loans. Based on his extensive field experience, he plans to lead the Corporate Customer Group by focusing efforts on helping small and medium enterprises (SMEs) and small business owners overcome the COVID-19 crisis and strengthening SME finance.

Vice President Choi worked in strategic planning and investment banking (IB) and served as Head of the Western Regional Headquarters. He was appointed as Head of the CIB Group to enhance competitiveness in the investment sector. He is regarded as the right person to establish a new investment process centered on ESG and future growth potential, moving away from the traditional investment practices focused on collateral and financial indicators.

Kwon Yong-dae, Deputy Governor

Vice President Kwon is an SME finance credit expert who has led the Innovation Finance Headquarters, driving future innovation finance such as technology finance, IP finance, and venture capital expansion. As Head of the Innovation Finance Group, he plans to further strengthen support for innovative companies and future industries through a financial paradigm shift.

Five branch managers who demonstrated outstanding performance in the field were also promoted to headquarters chiefs. Yoon Junggeol, Branch Manager of Seongsu-dong Branch, was appointed Head of Gangbuk Regional Headquarters; Kim Kihoe, Branch Manager of Jangwi-dong Branch, Head of Gangseo-Jeju Regional Headquarters; Jang Jaehee, Branch Manager of Sihwa Industrial Complex Branch, Head of Western Regional Headquarters; Park Cheolwoong, Branch Manager of Gimpo Daegot Branch, Head of Gyeongsu Regional Headquarters; and Lee Byungcheol, Head of Pangyo WM Center, was appointed Head of Sales Headquarters.

At the headquarters level, four department heads were promoted to headquarters chiefs. Oh Eunseon, Head of Foreign Exchange Business Department, was appointed Head of Gangnam Regional Headquarters; Kim Taehyung, Head of Strategic Planning Department, Head of Strategic Planning Headquarters; Yoon Taehun, Head of Credit Review Department, Head of Credit Review Headquarters; and Kim Hongjun, Head of IT Planning Department, was appointed Chief Information Security Officer (CISO).

Additionally, the scale of promotions was significantly expanded to support employees who diligently fulfilled the responsibilities of a policy bank by helping SMEs and small business owners overcome the COVID-19 crisis last year. Promotions were made for branch managers under 50 years old and millennial generation team leaders who will lead financial innovation, and organizational dynamism was infused through the selection of competitive branch managers.

This personnel reshuffle firmly established President Yoon Jongwon’s personnel policy, which focuses on fairness and inclusion. Appointments at the headquarters chief level and above were conducted based on objective selection criteria, and promotions for general employees were made referencing personnel scoring that reflected performance, capability, and organizational contribution to enhance fairness. Efforts to improve personnel inclusiveness, such as field-centered personnel management and preferential treatment for employees working in remote areas, were continuously pursued.

Meanwhile, organizational restructuring was carried out focusing on digital transformation for innovative management, ESG, and social contribution. To strengthen the driving force for digital transformation, a Cloud Promotion Cell was newly established alongside the Digital Innovation Headquarters, and an ESG Consulting Team was created to support SMEs’ ESG management. Additionally, a Culture and Arts Team was established to create social value in the fields of culture, arts, and sports.

President Yoon stated, “We plan to establish a digital personnel system including personnel scoring and AI-based personnel transfers, and to settle personnel innovation through a fair and transparent personnel system.”

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