Byungjae Lee Appointed as Non-Executive Director of Sh Suhyup Bank and Head of Planning and Coordination at Korea Deposit Insurance Corporation

[Asia Economy Reporter Bu Aeri] Sh Suhyup Bank announced on the 15th that it held an extraordinary general meeting of shareholders and resolved to appoint Lee Byungjae, Head of the Planning and Coordination Department at the Korea Deposit Insurance Corporation, as the new non-executive director.

The newly appointed non-executive director Lee Byungjae graduated from Seoul National University with a degree in International Economics. He has served as Head of the Bond Management Department, Head of the Financial Resolution Department, and Head of the Bank and Financial Investment Management Department at the Korea Deposit Insurance Corporation, and has been serving as Head of the Planning and Coordination Department since July last year.

The term of the newly appointed non-executive director Lee Byungjae is two years from the date of appointment.

The board of directors of Suhyup Bank is composed of seven members according to the articles of association based on the Suhyup Act: the bank president, four outside directors, and two non-executive directors. Among them, the non-executive directors are each nominated by the Korea Deposit Insurance Corporation and the Suhyup Central Association president.

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