IBK Corporate Bank Launches Audit Advisory Committee, Vows to Restore Trust

Appointment of Audit Advisory Committee Members
to Enhance Audit Expertise and Ensure Objectivity

At the appointment ceremony for the Audit Advisory Committee members held on the 14th at the IBK Corporate Bank headquarters in Jung-gu, Seoul, (from left) Sangmok Lee, lawyer at YK Law Firm, Junghyun Kim, senior specialist at Sejong Law Firm, Jongun Lee, invited professor at Sogang University, Byungmok Jeon, auditor at IBK Corporate Bank, Junmuk Choi, chairman of the Korea CIA Committee, and Sungwook Jung, lawyer at Kim & Chang Law Office, are posing for a commemorative photo. Photo by IBK Corporate Bank.

On the 14th, IBK Corporate Bank announced that it had appointed members to the Audit Advisory Committee at its headquarters in Jung-gu, Seoul, as part of its renewal plan, and has officially begun its operations.

The Audit Advisory Committee is a consultative body operated based on the "Public Audit Act," with the aim of enhancing the expertise and credibility of internal audit activities through the objective and professional perspectives of external experts.

Six external experts with expertise and extensive experience in fields such as auditing, law, and accounting have been appointed as members of the Audit Advisory Committee. They are expected to strengthen the expertise and objectivity of internal audits, and to provide advice and support to improve audit quality.

Byungmok Jeon, auditor at IBK Corporate Bank, stated, "We will actively incorporate the opinions of the Audit Advisory Committee and reflect them in audit operations, striving to restore customer trust that has been undermined by a recent series of incidents."