KakaoBank Establishes ESG Committee... Appoints First Female Outside Director

[Asia Economy Reporter Yoo Byung-don] KakaoBank has established an ESG (Environmental, Social, and Governance) Committee within its board of directors and appointed its first female outside director.

KakaoBank announced on the 29th that it made this decision at the 6th regular general shareholders' meeting.

The newly established ESG Committee, as a sub-organization under the board of directors, is responsible for formulating, reviewing, and resolving KakaoBank's ESG-related strategies. All members of KakaoBank's board of directors, including inside directors CEO Yoon Ho-young and Vice CEO Kim Kwang-ok, participate as committee members.

KakaoBank plans to designate this year as Season 2 and present itself as a company that "grows together with society."

It has set key goals such as innovating loans for low- and medium-credit borrowers and expanding the supply of loans for actual housing demand, while also increasing support for preventing financial crimes like voice phishing.

Additionally, KakaoBank appointed Lee Eun-kyung, former president of the Korean Women Lawyers Association and current representative of the law firm Sanji, as its first female outside director.

Furthermore, Sung Sam-jae, former executive director of SGI Seoul Guarantee Insurance, joined as an outside director, and Kim Sung-soo, co-CEO of Kakao Entertainment and head of Kakao CAC Center, joined as a non-executive director on KakaoBank's board. The term for newly appointed directors is two years.

Inside director Kim Kwang-ok, Vice CEO of KakaoBank, was reappointed, and outside director Hwang In-san was also reappointed.

At the board meeting held immediately after the shareholders' meeting, outside director Jin Woong-seop was elected as the chairman of the board by a vote.

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