Industrial Bank of Korea Faces Mid-Term Resignations Among 2030 Employees Ahead of Busan Relocation

Increase in Young Employees Leaving Mid-Year Since Last Year>

Concerns have been raised in the National Assembly that KDB Industrial Bank, which is planning to relocate to Busan, is experiencing an accelerated outflow of talented personnel due to the departure of employees in their 20s and 30s.

According to data submitted by Industrial Bank to Hwang Unha, a member of the National Assembly's Political Affairs Committee from the Democratic Party of Korea, 168 employees have resigned mid-term from 2020 to the first half of this year. Among them, 68 were in their 20s or younger, and 64 were in their 30s, accounting for 78% of the total.

The number of resignations among employees in their 20s and 30s, which had remained in single digits each half-year from 2020 to 2022, noticeably increased from the second half of last year. In the second half of 2022, there were 19 resignations in their 20s and 24 in their 30s. In the first half of this year, there were 17 in their 20s and 13 in their 30s.

In July of last year, the Yoon Seok-yeol administration included the "relocation of Industrial Bank to Busan" among its 120 major national tasks. The increase in mid-term resignations within Industrial Bank has occurred since then.

Representative Hwang stated, "Despite opposition from the labor union, the Yoon Seok-yeol government is pushing forward with the relocation to Busan without efforts to communicate, which is causing the continued departure of young employees."

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