Kyobo Securities Approves Reappointment of CEO Lee Seok-gi
Kyobo Securities held a board meeting on the 20th and announced the resolution to approve CEO Lee Seok-gi's third term renewal. Accordingly, if approved at the regular shareholders' meeting scheduled for the end of next month, Lee's reappointment will be confirmed.
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Kyobo Securities is currently operated under a dual CEO system with Park Bong-kwon and Lee Seok-gi. The term for each CEO is two years, and CEO Park secured his third term renewal at last year's shareholders' meeting in March. CEO Lee, a former vice president of Kyobo Life Insurance, was appointed as CEO of Kyobo Securities in 2021. He is in charge of the General Management Support and Sales and Trading (S&T) divisions. CEO Park was appointed one year earlier than CEO Lee and has overseen the Investment Banking (IB) and Wealth Management (WM) business divisions.
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