Finance
Lee Jae-geun picked as KB Financial next chairman, signaling change and generational turnover
KB Financial Group picked Lee Jae-geun as the final candidate for its next chairman, bypassing incumbent Yang Jong-hee despite expectations of a second term after record results. The chairman candidate selection committee said it chose “change and generational turnover” over stability. Lee, who has held roles across banking and non-banking businesses, is set to be appointed chairman at an extraordinary shareholders meeting on Nov. 20.
