Im Seung-tae, Former BOK Monetary Policy Committee Member, Appointed as New CEO of KDB Life
Im Seung-tae, former member of the Monetary Policy Committee of the Bank of Korea, has been appointed as the new CEO of KDB Life Insurance.
On the 31st, KDB Life Insurance announced that it held an online inauguration ceremony after finalizing the appointment of Im Seung-tae as the new CEO through the regular shareholders' meeting and board of directors' approval held the previous day.
CEO Im graduated from the Department of Economics at Hankuk University of Foreign Studies, earned a master's degree in economics from the University of Michigan, USA, and obtained a doctorate from Chung-Ang University. After passing the 23rd Administrative Examination, he entered public service and served as a member of the Monetary Policy Committee of the Bank of Korea, Secretary-General of the Financial Services Commission, and Director of the Financial Policy Bureau at the Ministry of Finance and Economy.
In his online inauguration speech, CEO Im said, "I am honored to take on the role of CEO of KDB Life Insurance, which has a 50-year history and tradition, and I also feel a heavy sense of responsibility."
CEO Im set short-term key tasks including ▲managing profitability and financial soundness in response to the introduction of the new accounting standard (IFRS17) and the new solvency regime (K-ICS) ▲capital expansion ▲business normalization for sale.
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He stated, "I will act as a ‘Sherpa’ and ‘cheerleader’ to safely reach the final goal of ‘normalizing KDB Life Insurance’s management’ and to ensure that all employees can work enthusiastically. To successfully accomplish the core tasks, I will clearly present goals and directions, closely monitor progress to identify any obstacles, and do my best to ensure that the successful completion of short-term tasks leads to mid- to long-term goals and growth."
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