Exchange Appoints Min Byeongdeok, Former KB Kookmin Bank President, and Kim Seonghwan, CEO of Hantoo Securities, as Outside Directors

On the 13th, the Korea Exchange held the 2nd Extraordinary General Meeting of Shareholders at its Seoul office and announced the appointment of Min Byeong-deok, former CEO of KB Kookmin Bank, as an independent director representing the public interest, and Kim Seong-hwan, CEO of Korea Investment & Securities, as an independent director representing the industry.

The term of office for the newly appointed independent directors is three years.

Former Bank CEO Min earned a bachelor's degree in Business Administration from Dongguk University and served as the CEO of KB Kookmin Bank for about three years starting in 2010. He also served as an independent director at Truston Asset Management from 2016 to 2022.

Vice President Kim Seong-hwan, born in 1969, graduated from Korea University with a degree in Economics in 1994 and completed a master's degree at Konkuk University Graduate School of Real Estate. After joining Korea Investment & Securities in 2004, he demonstrated expertise as head of the IB Group from 2016, leading the company's leap in investment banking. Just one year after becoming head of the IB Group, he was promoted to Executive Vice President in charge of Corporate Planning in 2017, and from 2019 until the end of last year, he led the Retail and Asset Management business as head of the Individual Customer Group.

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