KB Kook­min Bank CEO to serve an­other term

The Korea Times - - FINANCE - By Jhoo Dong-chan [email protected]­re­atimes.co.kr

KB Kook­min Bank CEO Hur Yin is likely to serve an­other term after KB Fi­nan­cial Group nom­i­nated him as a can­di­date to stay on as head of its bank­ing unit, Thurs­day.

The group said the nom­i­na­tion was made dur­ing the group’s CEO rec­om­men­da­tion com­mit­tee meet­ing for sub­sidiaries.

Hur’s cur­rent two-year term is sched­uled to ex­pire at the end of Novem­ber. He will have an in-depth in­ter­view process with the com­mit­tee as a CEO can­di­date next month.

If the com­mit­tee rec­om­mends him after the process, KB Kook­min Bank share­hold­ers will fi­nal­ize the ap­point­ment dur­ing the gen­eral share­hold­ers’ meet­ing. If ap­pointed, Hur will serve an­other year as CEO from next month.

“Be­fore head­ing KB Kook­min Bank, Hur served var­i­ous posts, in­clud­ing the bank’s CFO,” a KB Fi­nan­cial Group of­fi­cial said.

“He has proven his qual­ity in var­i­ous fields, in­clud­ing sales, fi­nance, strat­egy and lend­ing with KB Kook­min Bank. He un­der­stands cus­tomers’ needs as well as Korea’s fi­nan­cial mar­ket more than any­one. De­spite the na­tion’s sat­u­rated fi­nan­cial mar­ket, Hur man­aged to lead the bank’s solid earn­ings through his dif­fer­en­ti­ated com­mu­ni­ca­tion skills over the past two years.”

Hur, born in 1961, grad­u­ated from Seoul Na­tional Univer­sity and started his ca­reer at Korea Long Term Credit Bank in 1988.

After KB Kook­min Bank’s ac­qui­si­tion of Korea Long Term Credit Bank in 1999, he served many po­si­tions, in­clud­ing CFO and vice pres­i­dent of KB Kook­min, and took charge of sev­eral tasks such as fi­nan­cial af­fairs, credit re­views and cor­po­rate fi­nance.

Hur Yin KB Kook­min Bank CEO

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