Ko Byungil Confirmed for Another Term as CEO of Gwangju Bank... One-Year Term

"100-Year Bank... Advancing to a Leading Bank Through Change and Innovation"

Goh Byungil, President of Gwangju Bank.

Gwangju Bank announced on the 17th that the reappointment of Bank President Ko Byungil, whose term expires at the end of December, has been finalized. The new term will last for one year.

The CEO Candidate Recommendation Committee of JB Financial Group recently recommended Ko Byungil as the sole candidate for the next president of Gwangju Bank. After being confirmed through the Executive Candidate Recommendation Committee's review, Ko was officially appointed at the shareholders’ meeting held on the same day.

Since taking office as the 14th president of Gwangju Bank in January last year, Ko Byungil, who rose through the ranks within the bank, has dedicated himself to community-centered, mutually beneficial management over the past two years, solidifying Gwangju Bank’s status as the leading bank in the Gwangju and Jeonnam regions.

Amid fierce competition with commercial banks, he successfully retained Gwangju City’s primary treasury account, implemented community-focused management, secured future growth engines through fintech and platform partnerships, and was recognized for his management skills by both local residents and employees through social contribution activities such as returning 10% of annual net profit to the local community.

In particular, focusing on regional co-prosperity, he devoted significant efforts to finding practical support measures to share the burdens of small business owners and the broader public, swiftly providing 1.3 trillion KRW in co-prosperity financial support and 29.3 billion KRW in livelihood financial support this year, faithfully fulfilling the role of a partner in regional economic growth.

The bank’s consistent efforts in financial support and social contribution have also been recognized by numerous reputable institutions. Gwangju Bank was ranked No. 1 in the local bank category for seven consecutive years in the ‘Korea Industry Brand Power Index (K-BPI)’ conducted by the Korea Management Association, and received the highest grade for four consecutive years in the ‘Regional Reinvestment Assessment’ announced annually by the Financial Services Commission and the Financial Supervisory Service, acknowledging its dedication to community-based management.

Recently, Gwangju Bank has also received positive evaluations from global media. In the selection of the ‘2024 World’s Best Banks’ by Forbes and the ‘2024 Best Banks in Asia-Pacific’ by CNBC, Gwangju Bank ranked third among domestic banks, following internet-only banks Toss Bank and Kakao Bank.

Ko Byungil stated, “I would like to thank the local residents and customers for entrusting me with this important responsibility once again. I promise to devote my utmost efforts to creating a sustainable bank that will last for 100 years, with even greater confidence in our future management plans. Although challenging times are expected due to increased volatility in the domestic and global financial environment, we will achieve solid qualitative growth through change and innovation, and strive to become a leading bank.”

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