KB Financial Union Recommends Kim Young-su as Outside Director

[Asia Economy Reporter Bu Aeri] KB Financial Group Labor Union announced on the 14th that it has recommended Kim Youngsoo, former Vice President of the Export-Import Bank, as a new outside director candidate.

According to the union, on the afternoon of the 9th, they visited the KB Financial Group Board of Directors Secretariat in Yeouido, Seoul, to deliver a shareholder proposal and a proxy form.

Former Vice President Kim joined the Korea Export-Import Bank in 1985 and has worked as an overseas investment expert for over 30 years, including at the Hong Kong local corporation and the International Finance Department. From 2018 until November last year, he served as a standing director at the Korea Overseas Infrastructure & Urban Development Corporation.

This shareholder proposal by the KB Financial Labor Union is the fifth attempt since 2017.

Ryu Jegang, Chairman of the KB Financial Labor Union Council, said, "This shareholder proposal is not for management participation but aims to maximize shareholder value through sustainable growth of KB Financial and a genuine leap to becoming a global financial company."

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