Jin Ok-dong, Chairman of Shinhan Financial Group, Appointed as Chairman of the 5th Financial Industry Committee of the Korea Chamber of Commerce and Industry

"Cooperating with Authorities... Efforts to Present Comprehensive Solutions for Social Issues"

The Korea Chamber of Commerce and Industry appointed Jin Ok-dong, Chairman of Shinhan Financial Group, as the 5th Chairman of the Financial Industry Committee. Chairman Jin stated that he will strive to present comprehensive solutions to social issues in cooperation with financial authorities.

Jin Ok-dong, Chairman of Shinhan Financial Group. Photo by Dongju Yoon doso7@

On the 10th, the Korea Chamber of Commerce and Industry announced the appointment of Chairman Jin as the 5th Chairman of the Financial Industry Committee. The Financial Industry Committee is one of the 12 committees under the Korea Chamber of Commerce and Industry. It was established to explore ways to develop the financial industry through exchanges with the government, industry, and academia.

The chairmanship of the Korea Chamber of Commerce and Industry’s Financial Industry Committee has traditionally been held by representatives from securities firms, accounting firms, and the insurance industry. Chairman Jin is the first CEO of a comprehensive financial group to hold this position. Accordingly, the Korea Chamber of Commerce and Industry conveyed expectations that the committee’s role will be further enhanced.

Chairman Jin said, "Through cooperation and communication with financial authorities, I will strive to ensure that the committee contributes to the development of the financial industry and the stabilization of financial markets," adding, "I will support various communication channels such as sector-specific meetings in the future to quickly respond to market trends and changes in the policy environment."

He continued, "For the domestic financial industry to increase added value and competitiveness, it is necessary to enhance consumer value by utilizing innovative technologies such as generative artificial intelligence (AI) and cloud computing," and added, "It will be beneficial for the long-term development of the financial industry and capital markets if the financial sector does its best to address social issues such as protecting vulnerable groups and securing public trust."