Kim Taekyung, Former Director of FSC, Appointed as Next Chairman of Korea Asset-based Finance Association

Kim Tae-kyung, former director at the Financial Supervisory Service (FSS), has been nominated as the next president of the Korea Credit Finance Association. On the 10th, the association held a President Candidate Recommendation Committee meeting and unanimously selected Kim as the final candidate.

Among the applicants were one candidate from the private sector and three from the FSS. After the first document screening, the pool was narrowed down to the three FSS candidates, followed by interviews. Born in 1963, Kim joined the Bank of Korea in 1982. He later served as director of the FSS’s Non-bank Supervision Bureau, director of the Savings Bank Supervision Bureau, and cooperative officer for mutual finance. He currently serves as a non-executive director at KS Credit Information and as a professor at Soongsil University.

In March, a general meeting will be held with all member companies of the association, where a vote for or against Kim will take place. If at least one-third of all member companies participate in the vote and Kim receives a majority of the votes, he will begin his three-year term as president of the association.