Finance

KB Financial starts process to select next chair, final candidate due Sept. 11

KB Financial Group has begun the process to select its next chair. Its chair nomination committee said it will hold at least three meetings and name a single final candidate on Sept. 11. The committee approved detailed rules and cut its long list from 20 to 12 candidates, split evenly between internal and external candidates. It also said it will extend verification and provide external candidates about two months to prepare for interviews.

Games & Commerce

Musinsa appoints outside director Park Chang-geun

Musinsa said on Tuesday it appointed Park Chang-geun (박창근) as a new outside director at its 14th annual general meeting of shareholders held on March 31. The company said the move was intended to advance corporate governance and strengthen fashion expertise. Musinsa said it expects Park to contribute broadly to its push to become a global platform. With Park’s appointment, Musinsa has four outside directors on its 10-member board.