BNK Financial Group Chairman Bindaein Inauguration: "Focusing on Basics, Enhancing Shareholder Value"

BNK Financial Group Chairman Bindaein officially took office on the morning of the 17th after the regular shareholders' meeting and board of directors meeting.

BNK Financial Group announced that on the 17th, at the 12th regular shareholders' meeting and board of directors meeting, Bindaein was finally appointed as an inside director and representative director chairman of BNK Financial Group, and an inauguration ceremony was held at the main office's 2nd floor auditorium.

The inauguration ceremony held in the afternoon was conducted with a minimized scale considering internal and external circumstances and conditions, with executives and employee representatives from the holding company, Busan Bank, Gyeongnam Bank, and all affiliates attending to celebrate the new chairman's inauguration.

New BNK Financial Group Chairman Bindaein joined Busan Bank in 1988 and served as head of the HR department, head of the Northern Sales Headquarters, head of the Gyeongnam Sales Headquarters, head of the New Financial Business Headquarters, and head of the Future Channel Headquarters, and served as president of Busan Bank for about three years starting in 2017.

BNK stated that Chairman Bindaein will lead BNK’s new leap forward and coexistence with the region with his high understanding of the region and organization and organizational management capabilities, which he has acquired through 35 years of experience at Busan Bank.

The newly appointed chairman Bindaein is waving the BNK Financial Group flag at the inauguration ceremony.

At the inauguration ceremony, Chairman Bindaein said, “First, I deeply thank the customers, region, shareholders, and employees who have continuously supported BNK Financial Group with unwavering love,” and added, “Today is a very honorable day, but I also feel a heavy sense of responsibility for the group and a calling for coexistence with the region.”

Chairman Bindaein emphasized, “To prepare for the increasing domestic and international uncertainties and the advent of the big blur era where the boundaries of industries and roles disappear, we must foresee the scope and speed of change and face the future with preparations and efforts different from before.”

He also said, “For new challenges toward the future, above all, we must focus on the most fundamental parts: customers, shareholders, region, and employee value innovation,” and added, “Through digital-based financial innovation, we will strengthen our role as a partner sharing the value of customers’ benefits and growth, enhance the group’s competitiveness, and increase shareholder value based on a future growth vision to meet market expectations.”

Finally, Chairman Bindaein expressed his aspiration, saying, “To create a virtuous cycle structure that accompanies the local community, we will expand win-win finance through productive and practical financial support, and create an organization where everyone wants to work through a dynamic corporate culture that actively encourages new challenges for employee value innovation and a fair personnel culture.”

Before the inauguration ceremony, BNK Financial Group Chairman Bindaein visited the startup incubation platform ‘SUM Incubator’ to listen to the difficulties and field opinions of local young startup companies.

Chairman Bindaein held a meeting with startup representatives and promised to expand win-win finance for nurturing local startups, including extending support for office space, financial support by life cycle, and establishing a dedicated investment fund for startups in the Busan, Ulsan, and Gyeongnam regions.

He also delivered a donation of 300 million KRW, raised through a matching grant method for earthquake relief in the T?rkiye and Syria regions, to the Busan Community Chest of Korea (Fruit of Love). He announced an ESG activity policy to strive for the expansion of local win-win finance and donation culture.

On the same day, BNK decided on a cash dividend of 625 KRW per share and reappointed outside directors Choi Kyungsoo and Park Wooshin (term of 1 year) among the five outside directors whose terms expire this year, while outside directors Yoo Jungjun, Heo Jinho, and Lee Taeseop retired. New outside directors Lee Gwangju, Jung Youngseok, and Kim Byungdeok were appointed (term of 2 years).