San-eun Appoints Former Division Head Kim Bok-gyu as New Chief Deputy President

Experience in Overall Financial Operations Including Strategy, Planning, and Organizational Management

On the 22nd, the Korea Development Bank (KDB) announced that Kim Bok-gyu, former head of the Policy Planning Division, has been appointed as the new Senior Executive Vice President (Managing Director). The position of Senior Executive Vice President, considered the 'second-in-command' at KDB, is appointed and dismissed by the Financial Services Commission upon the recommendation of the KDB President, in accordance with the current Korea Development Bank Act.

After graduating from Daewon High School and majoring in International Economics at Seoul National University, Managing Director Kim joined the bank in 1989 and has accumulated about 30 years of experience across various financial sectors, including strategy and planning (business strategy, planning), organizational management (human resources), and investment banking (project finance). In 2017, he served as head of the PF3 Office, supporting the high value-added development and overseas expansion of the construction and plant industries through global infrastructure funds. In 2018, he was appointed head of the Human Resources Department, where he reorganized the work system to comply with statutory working hours, and since 2019, he has served as chief of staff.

Furthermore, since 2020, as head of the Policy Planning Division, he has been responsible for establishing and executing major bank management plans. According to KDB, he played a central role as the bank's control tower by leading crisis response efforts such as the establishment of the Industrial Stabilization Fund, operation of capital market stabilization programs, support for companies affected by COVID-19, and financial support for low-cost carriers (LCCs).

KDB stated, "Managing Director Kim was appointed as a managing director based on his extensive experience in finance and planning accumulated through roles such as Executive Vice President," and added, "He is expected to contribute to strengthening KDB's role as a key policy financial institution in the future."