'Kim Ji-wan BNK Geumyung Chairman Under Child Favoritism Allegations, Early Resignation'

The Race for the Next Chairman Appointment Kicks Off

[Asia Economy Reporter Yoo Je-hoon] Kim Ji-wan, chairman of BNK Financial Group, has resigned early from his position as chairman, with about five months remaining in his term.

BNK Financial Group announced in a press release on the 7th that Chairman Kim has resigned. BNK Financial explained, "Chairman Kim deeply feels moral responsibility as the group chairman regarding recent family-related allegations, and has decided to resign due to recent health deterioration and to ensure the stability of the group's management and organization."

Since his inauguration as chairman of BNK Financial Group in September 2017, Kim successfully renewed his term in March 2020 and has led the group’s management for about five years. He is credited with achieving favorable management performance through both quantitative and qualitative improvements in assets, as well as leading the transition to an investment-specialized financial group based on balanced growth between the banking and non-banking sectors.

Additionally, to secure future growth engines, BNK Venture Investment was incorporated as the group’s ninth subsidiary, and the global network was continuously expanded. Internally, efforts were made to establish sound credit business practices and to prepare various talent development programs.

A BNK Financial Group official stated, "With the submission of the chairman’s resignation today, we will promptly hold a board meeting to prevent any management vacuum and swiftly proceed with the process of selecting the next chairman through the executive candidate recommendation committee. We will focus all the group’s capabilities to ensure that customers do not experience inconvenience due to internal group issues and that the group’s fundamental role of revitalizing the regional economy continues without disruption."

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