A큐온 Capital's Lee Joong-moo and A큐온 Savings Bank's Lee Ho-geun Reappointed as CEOs

Lee Jung-moo, CEO of Acuon Capital (left), and Lee Ho-geun, CEO of Acuon Savings Bank

[Asia Economy Reporter Kim Min-young] Lee Jung-moo, CEO of Accuon Capital, and Lee Ho-geun, CEO of Accuon Savings Bank, have both successfully renewed their terms.

Accuon, which has these financial companies as affiliates, announced on the 4th that each affiliate held shareholders' meetings and board meetings consecutively at the end of last month and confirmed the renewal of the two CEOs' terms.

Lee Jung-moo and Lee Ho-geun were appointed as CEOs in August last year, and despite the economic downturn risks due to sluggish exports and domestic demand and market uncertainties caused by the novel coronavirus disease (COVID-19), they were recognized for their solid performance and strengthening of company competitiveness, according to company officials.

Since the appointment of the two CEOs, Accuon Capital and Accuon Savings Bank have shown rapid asset growth. According to Accuon Capital's quarterly report, it recorded assets of 3.5464 trillion KRW on a separate basis in the first quarter. This is an increase of about 383.9 billion KRW (12.1%) since the second quarter of last year before Lee Jung-moo took office. Accuon Savings Bank's total assets also increased by about 437.8 billion KRW (19.8%) during the same period, reaching 2.6505 trillion KRW (first quarter).

CEO Lee Jung-moo stated, “Although it is a difficult time in the post-COVID era, under the One Accuon strategy, we will strive to successfully navigate the rough waves together with the capital and savings bank.” CEO Lee Ho-geun said, “We aim to achieve assets of 4.5 trillion KRW and enter the top three in the industry,” adding, “We will work diligently to achieve these goals through digital innovation, strengthening retail finance, and stable risk management.”