JB Financial Group Selects Current Chairman Kim Ki-hong as Final Chairman Candidate

The JB Financial Group board of directors held a meeting of the Executive Candidate Recommendation Committee on the 13th and announced that they unanimously selected the current chairman, Kim Ki-hong, as the final candidate for the next chairman.

The JB Financial Executive Candidate Recommendation Committee is composed of all directors except the chairman. Prior to selecting the candidate, they finalized the entire pool of candidates consisting of internal executives and external figures, and conducted a two-stage process to narrow down the candidate pool. On the 23rd of last month, four candidates, including Chairman Kim and both internal and external candidates, were selected as the final candidates, and on the 13th, an announcement and in-depth interviews were conducted.

During the interview, the candidates’ vision and strategy for JB Financial Group, as well as the core competencies required as a Chief Executive Officer (CEO), were evaluated. The committee members assessed the candidates through questions about specific strategies necessary to maintain top-tier profitability in the industry and enhance shareholder value. As a result, Chairman Kim was judged to be the most suitable candidate for the next chairman.

Kim Ki-hong, Chairman of JB Financial Group. Photo by JB Financial Group

Kim Ki-hong, the next chairman candidate, is expected to be reappointed as representative director and chairman through the regular shareholders’ meeting and board of directors meeting in March next year.

Yoo Kwan-woo, chairman of the JB Financial Group board of directors (and chairman of the Executive Candidate Recommendation Committee), stated, “Chairman Kim presented a differentiated vision and strategy for JB Financial Group’s future growth, including advancing the current business structure and collaborating with fintech and platform companies. He will also continuously contribute to enhancing the interests of all shareholders and financial consumers through active social contribution activities and ongoing efforts to increase shareholder returns.”

He added, “Based on his deep understanding of JB Financial Group, all committee members judged that he is the optimal candidate to successfully lead JB Financial Group over the next three years by maintaining the group’s current growth momentum and advancing the strategy to target niche markets with high growth potential.”