Gieun, Second Half Regular Personnel Changes and Organizational Restructuring... Appointment of 3 New Deputy Bank Presidents

Addition of 4 Nationwide SME Finance Strategic Sales Centers
Establishment and Strengthening of Digital Promotion Team

IBK Industrial Bank of Korea is strengthening its small and medium-sized enterprise (SME) financing by adding strategic sales centers in four regions: Gangnam, Northern Gyeonggi, Daegu-Gyeongbuk, and Honam. The bank will also focus on placing young and dynamic deputy branch manager-level talents. Additionally, to enhance IT and digital capabilities, related organizations such as the Digital Promotion Team will be newly established.

IBK announced on the 15th that it has carried out its regular personnel appointments and organizational restructuring for the second half of 2024. This personnel reshuffle is the fourth since President Kim Sung-tae took office, focusing on ‘SME financing and IT·digital competitiveness’ and ‘securing future growth engines.’

First, the regular personnel appointments include the promotion and transfer of 2,036 employees, including the appointment of three new executive vice presidents and eleven new division heads. The new executive vice presidents are Kim Hak-pil, head of the Gangdong Regional Headquarters, appointed as head of the Risk Management Group; Baek Sang-hyun, head of the Southern Gyeonggi Headquarters, appointed as head of the Card Business Group and Pension Business Group; and Jung Sung-jin, head of the Inspection Headquarters, appointed as head of the Global and Treasury Market Group.

Executive Vice President Kim is classified as an expert with extensive experience in risk, having served as head of the Risk Audit Department and head of the Risk Management Department. Executive Vice President Baek is a credit and corporate finance expert who built his career in the Credit Planning Department and served as regional head in Hwaseong.

Executive Vice President Jung has experience in treasury, strategy, overseas branches, and inspection duties. IBK expects him to further advance the bank’s global growth and treasury management efficiency.

President Kim also conducted talent selection and organizational restructuring to strengthen the bank’s IT and digital competitiveness. Jung Eui-seon, head of the IT Digital Development Department, was appointed as head of the IT Operations Headquarters; Yoon In-ji, head of the IT Internal Control Department, as head of the IT Development Headquarters; and Park Byung-sam, head of Hwajeong Station Branch, as Chief Information Security Officer (CISO).

Along with this, digital-related organizations such as the Digital Promotion Team were newly established, and the number of IT-level personnel in core digital projects was significantly expanded to enhance development capabilities for accelerating digital transformation.

In the sales organization, to provide differentiated support for SMEs, IBK added four strategic sales centers in the Gangnam, Northern Gyeonggi, Daegu-Gyeongbuk, and Honam regions, and deployed young and capable deputy branch managers with SME financing expertise to significantly strengthen SME support.

Additionally, IBK continued to hold internal competitions for deputy branch manager positions targeting team leaders, selecting seven deputy branch managers through open recruitment. The scale of promotions for field staff who have diligently worked to enhance customer value was also significantly expanded to increase organizational dynamism.

Starting with this personnel reshuffle, IBK has actively applied a remote area score?which quantifies commuting distance and time for employees working in remote and isolated areas?to personnel transfers and placements, thereby further enhancing transparency and fairness in personnel management.

President Kim stated, “Along with fair and empathetic personnel management that supports the challenges and growth of our members, we expect to achieve the results of value-based finance, which we have been focusing on, through strengthening IT·digital competitiveness and on-site sales capabilities.”

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