[Asia Economy Reporter Wondara] Yoon Ho-young, CEO of KakaoBank, has been virtually confirmed for reappointment.
KakaoBank announced on the 3rd that its Executive Candidate Recommendation Committee unanimously recommended CEO Yoon as the sole candidate for the next CEO position in mid-February.
KakaoBank explained, "Yoon Ho-young, who led the establishment of KakaoBank, has overseen rapid growth and a turnaround to profitability since its founding, and with the upcoming initial public offering (IPO), there is consensus that Yoon, an expert in finance and ICT, is the right person to lead KakaoBank amid the shift in banking management towards non-face-to-face and technology-centered operations."
The appointment of KakaoBank's CEO will be decided at the shareholders' meeting scheduled for the 30th of this month. Yoon's term will run from the date of the shareholders' meeting until March 29, 2023.
Yoon, a graduate of Hanyang University with a degree in Business Administration, previously worked at Daehan Fire & Marine Insurance, served as head of the ERGO Daum Direct Management Planning Team, and was head of the Management Support Division at Daum Communications. He also served as vice president of the Kakao Mobile Bank TFT, leading the establishment of KakaoBank, and has been leading KakaoBank since 2016.
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