Hwang Byung-woo Appointed Chairman of DGB Financial... "Establishing the Most Regional Nationwide Bank"

Announcement of Management Policies Including Leap, Innovation, and Win-Win
"Determined to Establish a New IT Company for Digital Transformation"
Emphasis on Jeongdo and ESG Management

Hwang Byung-woo, Chairman of DGB Financial Group, officially took office on the 28th. Ahead of Daegu Bank's transition to a commercial bank, he expressed his ambition to unite the group's capabilities by emphasizing a ‘DGB-only business model.’

On the same day in the afternoon, DGB Financial Group held the retirement ceremony of the 3rd Chairman Kim Tae-oh and the inauguration ceremony of the 4th Chairman Hwang Byung-woo at the 2nd Head Office of DGB Daegu Bank.

Chairman Hwang announced three management policies: leap, innovation, and coexistence, pledging to complete the group’s competitiveness and future vision. Regarding the first management policy, ‘leap,’ Chairman Hwang said, “Since we are facing a new challenge of transitioning to a commercial bank, the core is to establish a DGB-only business model that is different from existing financial institutions. We must create a new positioning as the most regional nationwide bank while exploring ways to synergize the group. It is important to unite the group’s capabilities in the areas of customers, products, and channels along with the transition to a commercial bank.”

He cited ‘digital transformation’ as the key task for innovation. He emphasized the need for active investment and restructuring of operations for digitalization, stating, “I will devote all my efforts with the determination to create a new IT company.”

Regarding coexistence, Chairman Hwang mentioned that since 2006, efforts have been made toward sustainable management, and that a more advanced governance system than other financial institutions has been established. He added, “Internally, we will build a strong ethical management system, and externally, we will solidify a clear identity as an ESG-leading financial institution.”

During the first part of the retirement ceremony, there was a time to review Chairman Kim’s achievements. He is evaluated to have successfully led the group over the past six years through governance advancement, management and corporate culture innovation, and ESG (environment, social, governance) management.

Meanwhile, DGB Financial Group held its regular shareholders’ meeting and board meeting in the morning, approving the appointment of Chairman Hwang and outside directors Jo Gang-rae, Lee Seung-cheon, and Kim Hyo-shin as originally proposed. The dividend per share was confirmed at 550 won.

In his inaugural speech, Chairman Hwang said, “I have taken on the heavy responsibility of being the group’s chairman and have taken the first step toward a new DGB. With a profound sense of mission to further develop DGB with the executives and employees and to create a sustainable environment for the next generation, I want to work enthusiastically as the new captain of the DGB ship.”