Mixed Fortunes for Samsung Financial Executives... Non-Insurance Units Scale Down Promotions

29 Executives Promoted at Samsung Financial Networks, Including 9 Executive Vice Presidents and 20 Managing Directors
No Executive Vice President Promotions at Samsung Card This Year
Executives Born Between 1970 and 1974 Appointed Across the Board

The executive appointments at Samsung Financial Networks, the financial arm of the Samsung Group comprising Life Insurance, Fire & Marine Insurance, Card, Securities, and Asset Management, have produced mixed results. Except for the insurance divisions, the number of executive promotions has decreased compared to last year.

According to the financial sector on November 27, Samsung Financial Networks carried out its annual executive appointments for 2026 the previous day. A total of 29 executives were promoted, including 9 Executive Vice Presidents and 20 Senior Vice Presidents. This is a decrease of three promotions compared to last year.

Samsung Life Insurance promoted nine executives: three Executive Vice Presidents (Oh Sungyong, Lee Sanghee, and Lee Palhun) and six Senior Vice Presidents (Ahn Chulhyun, Kim Jieun, Park Hunmin, Lee Seongnyeong, Jang Jaesoon, and Hwang Dongjo). The number of Executive Vice President promotions increased by one from last year, while the number of Senior Vice President promotions remained the same.

Oh Sungyong, the newly appointed Executive Vice President, was born in 1972 and has served as Head of Human Resources, Head of Social Contribution, and President of the Samsung Financial Training Institute. Lee Sanghee, the youngest among the newly appointed Executive Vice Presidents at Samsung Financial Networks, was born in 1974 and has held positions such as Head of Mid-term Strategy and Head of Policy Support. Lee Palhun, also promoted to Executive Vice President, was born in 1971 and has served as Head of Insurance Operations and Head of Digital Innovation. A Samsung Life Insurance representative stated, "Through these appointments, we expect not only robust growth in our core insurance business but also enhanced productivity through artificial intelligence (AI) and agile responses to rapidly changing external environments, which will help increase the company's long-term value."

Samsung Fire & Marine Insurance promoted 11 executives: four Executive Vice Presidents (Kwon Jongwoo, Kim Sunmoon, Won Dongju, and Han Hokyu) and seven Senior Vice Presidents (Lee Joongu, Kim Jaehyung, Kim Hyunjae, Na Jongwon, Park Muryong, Baek Dongheon, and Yoon Soyeon). The scale of promotions was the same as last year.

Kim Sunmoon, who has led the Planning Team 2, is the youngest among the newly appointed Executive Vice Presidents at Samsung Fire & Marine Insurance. Kwon Jongwoo and Han Hokyu, both born in 1972, are the same age. Won Dongju, who served as Head of the GA1 Business Division and was born in 1970, is the oldest among the promoted executives at Samsung Financial Networks. A Samsung Fire & Marine Insurance representative commented, "By appointing new executives with proven expertise and capabilities in their respective fields, we aim to further solidify our market dominance in key business areas."

Samsung Card announced promotions for three Senior Vice Presidents (Ko Hangjin, Kim Gunho, and Ji Seungkwon), with no Executive Vice President promotions this year. Compared to last year, when one Executive Vice President and three Senior Vice Presidents were promoted, the total number of promotions decreased by one. While Samsung Card has maintained its industry-leading position for nearly two years, surpassing Shinhan Card, its cumulative performance through the third quarter of this year has slowed.

Samsung Securities promoted five executives: one Executive Vice President (Yang Wanmo) and four Senior Vice Presidents (Oh Sunmi, Jang Hyoseon, Cho Jaeyoung, and Choi Hwaseong). This is one fewer Senior Vice President promotion compared to last year. Yang Wanmo, the newly appointed Executive Vice President, was born in 1971 and has overseen the Gangnam Regional Headquarters.

Samsung Asset Management promoted only one Executive Vice President (Kim Doonam) this year. Compared to last year, when one Executive Vice President and two Senior Vice Presidents were promoted, the number of promotions decreased by two. Kim Doonam, the newly appointed Executive Vice President, was born in 1971 and has led the Customer Marketing Division since last year, overseeing product strategy as well as sales and marketing.

This round of executive appointments at Samsung Financial Networks appears to have considered various factors, including future competitiveness, risk management capabilities, and performance-based rewards and penalties, rather than simply recent performance. Although the cumulative third-quarter results for Samsung Life Insurance and Samsung Fire & Marine Insurance declined compared to last year, the number of executive promotions increased or remained the same. In contrast, Samsung Securities and Samsung Asset Management, despite achieving strong results, saw a decrease in executive promotions.