SC Jeil Bank, Incumbent President Park Jong-bok Solely Recommended as Next Bank President Candidate

Appointment of SC Financial Group Chairman and Bank President in 2015
Reappointed as Bank President in 2018 and 2021

Next Bank President's term to start in January next year, recommended for 1 year

Jongbok Park, President of SC First Bank

SC First Bank held its Executive Candidate Recommendation Committee (hereinafter referred to as the "Nomination Committee") on the 13th and, after reviewing multiple candidates, announced that it has solely recommended the current CEO, Park Jong-bok, as the final candidate for the next bank president.

To ensure consistency with the SC Group CEO appointment process, the Nomination Committee recommended a one-year term for the next bank president starting from January 8, 2024.

The Nomination Committee, composed of three outside directors, explained that the main reasons for recommending CEO Park were that "since his appointment as bank president in 2015, he has steadily improved the bank's financial performance through strategies tailored to the local Korean market and actively built consensus with employees regarding the bank's vision."

Born in 1955, CEO Park joined Cheil Bank in August 1979 and is a seasoned sales expert who has gained extensive experience at frontline branches over more than 20 years. He has held key positions in the bank's sales division, including Head of Sales Headquarters and Head of Retail Finance Headquarters. In January 2015, he was appointed Chairman of SC Financial Group and Bank President, and was reappointed as bank president in 2018 and 2021, respectively.

CEO Park graduated from Cheongju High School and earned a degree in Economics from Kyung Hee University. The final candidate recommended this time will be confirmed as the next bank president through the shareholder meeting on the 18th and the board of directors' approval on the 31st.

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