Yoon Jong-kyu, Chairman of KB Financial Group, Declines Candidacy for Chairman of the Korea Federation of Banks
"Hope for the Appointment of a Representative for the Banking Sector"
Yoon Jong-kyu, chairman of KB Financial Group and a candidate for the next chairman of the Korea Federation of Banks, announced on the 10th that he would withdraw his candidacy.
According to the Korea Federation of Banks on the same day, Chairman Yoon conveyed his intention to withdraw his candidacy, stating, "I hope someone who can represent the voice of the banking sector will be appointed." Chairman Yoon heard the news of the announcement of the next chairman candidates by the Korea Federation of Banks Chairman Candidate Recommendation Committee (Chairman Recommendation Committee) while on an overseas business trip.
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The Chairman Recommendation Committee of the Korea Federation of Banks held a meeting that day and selected six candidates: Park Jin-hoe, former CEO of Citibank Korea; Son Byung-hwan, former chairman of NH Financial Group; Yoon Jong-kyu, chairman of KB Financial Group; Lim Young-rok, former chairman of KB Financial Group; Cho Yong-byeong, former chairman of Shinhan Financial Group; and Cho Jun-hee, former CEO of Industrial Bank of Korea. The committee plans to hold an additional meeting next week to carefully review the candidate pool and finalize the candidates.
KB Financial Group Chairman Yoon Jong-kyu held a CEO press conference on the 25th at the KB Kookmin Bank New Building in Yeouido and shared his reflections on completing his 9-year term. Photo by Heo Young-han younghan@
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