Lee Bok-hyun "KB Geumyung Chairman Succession... Fair Opportunities Must Be Provided to Candidates"

Lee Bok-hyun, Governor of the Financial Supervisory Service, stated on the 29th regarding the appointment of the next chairman of KB Financial Group, "I hope that fair opportunities will be reasonably provided to the candidates."

After attending the 'Donation Ceremony for the Vulnerable and Small Business Owners Meeting' held at the Good Neighbors Hall in Yeongdeungpo-gu, Seoul, in the morning, Governor Lee told reporters, "I hope the KB Financial Group chairman appointment process becomes a model procedure in the industry."

He explained, "KB Financial has a well-structured succession program, and during a recent review, I provided feedback on areas that need improvement," adding, "I understand that KB Financial has accepted this in good faith."

Regarding future meetings with the board of directors, he said, "The working group and the board members are communicating," and added, "We have made similar efforts recently concerning Shinhan Financial Group, and we are making official and unofficial communication efforts whenever there is an opportunity." He further emphasized, "In the case of KB Financial, since the holding company chairman has a schedule, I would like to preemptively state that they will avoid any actions that could be misunderstood."

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