Kang Seok-hoon, New CEO of KDB, "Will Tackle Current Challenges Together with Members"

Assemblyman Kang Seok-hoon

[Asia Economy Reporter Song Hwajeong] Kang Seok-hoon, the newly appointed president of the Korea Development Bank (KDB), said on the 7th, "I feel a heavy sense of responsibility as I take on an important role during difficult times," adding, "I will strive to address the immediate challenges we face together with all members of the bank."

Kang, who was appointed on this day, is expected to lead KDB for the next three years. Corporate restructuring of companies such as KDB Life Insurance, Daewoo Shipbuilding & Marine Engineering, Ssangyong Motor, and the relocation to Busan are considered pressing tasks for the bank.

From his first day at work on the 8th, he is expected to face opposition from the labor union. The KDB labor union is reportedly planning to block Kang's arrival at work, demanding the withdrawal of the Busan relocation plan.

Kang previously served as a member of the 19th National Assembly and as the Senior Secretary for Economic Affairs at the Presidential Office. He is currently a professor in the Department of Economics at Sungshin Women's University, nurturing future scholars, and is regarded as a policy finance expert who has long studied international financial environment analysis and financial and economic policies.

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