Choi Woo-hyung Officially Inaugurated as CEO of K Bank, One of the Four Major Banks

"Experience in Both Finance and IT... Achieving a Second Leap Forward"

On the 29th, K Bank announced the official appointment of Choi Woo-hyung, former head of Digital & IT at BNK Financial Group, as the 4th new bank president. He will officially take office on January 1st next year.

At the extraordinary general meeting held on the morning of the 29th at Eulji Twin Tower in Jung-gu, Seoul, the proposal to appoint Choi Woo-hyung as CEO was approved with 100% of the attending shareholders' votes in favor, with 93.9% of the total voting shares present.

On the morning of the 29th, Choi Woo-hyung was appointed as the 4th new CEO at the K Bank extraordinary shareholders' meeting.
[Photo by K Bank]

President Choi is recognized as a digital finance expert encompassing both finance and IT, and is considered the right person to grow K Bank, Korea’s first internet-only bank. Born in 1966, he graduated from Seoul National University with a degree in Economics and completed a master's degree in Financial Management at the Graduate School of Business. He joined Hana Bank in 1992 and has successfully led next-generation financial innovation businesses in the financial IT industry, including Samsung SDS, Accenture, and IBM.

Based on this insight and expertise, he is expected to lead K Bank’s financial innovation and growth. His term will run from January 1st next year to December 31st, 2025.

Newly appointed President Choi Woo-hyung stated, “As the head of Korea’s first internet bank, I feel a heavy sense of responsibility as well as great expectations. Since K Bank has high potential and growth possibilities, I will work with the employees to achieve K Bank’s second leap forward.”

Meanwhile, at this extraordinary general meeting, three agenda items?appointment of the CEO, appointment of other non-executive directors, and amendments to the articles of incorporation?were approved as originally proposed. K Bank appointed Jang Min, KT’s Chief Financial Officer, and Jo I-jun, BC Card’s Head of Business Planning, as other non-executive directors. K Bank explained that various synergy effects with KT Group companies are expected.

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