Seoul Credit Rating & Information Appoints Lee Byungchul, Former Hana Securities Executive, as New CEO

Seoul Credit Rating & Information has appointed Lee Byungchul, former head of the WM Group at Hana Securities, as its new CEO, signaling a push for management normalization and securing new growth engines.

Seoul Credit Rating & Information, a subsidiary of Seoul Information Service, announced on December 1 that it has recruited Lee Byungchul as its new CEO.

Born in 1970, the new CEO Lee graduated from Sungkyunkwan University and began his financial career at Hyundai Securities. He later served as Head of Corporate Division, Head of WM Division, and Head of WM Group at Hana Securities, managing an organization of over 1,200 people. He is regarded as an authentic securities expert, skilled in strategy formulation and performance management.

During his tenure at Hana Securities, he was recognized for not only formulating business strategies but also driving organizational performance through strong execution. Market observers believe that this leadership will directly contribute to structural improvements at Seoul Credit Rating & Information, which has recently experienced sluggish performance.

Seoul Credit Rating & Information, one of Korea's leading credit rating agencies, obtained CP·ABS evaluation qualifications in 2000 and has built trust in the credit rating market. However, the absence of a corporate bond credit rating license has hindered its growth. The recruitment of the new CEO is seen as a turning point to overcome this structural limitation.

The new CEO Lee stated, "If we fully leverage our accumulated expertise and capabilities, we can rapidly improve our management performance," adding, "Through this change, we aim to secure a leading position in the competition for approval as the fourth credit rating agency."

Regarding mid- to long-term strategies, he said, "We will pursue innovative initiatives such as strengthening cooperation with domestic and overseas strategic investors and advancing AI-based analysis and evaluation methodologies," and added, "Even in a rapidly changing financial environment, we will establish ourselves as a trusted rating agency."

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