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Finance

Who will be KB Financial\'s next chairman? Yang Jong-hee\'s re-election draws attention amid governance uncertainty

KB Financial Group has narrowed its shortlist for next chairman to six candidates, including incumbent Yang Jong-hee (양종희), as it begins the selection process amid delays in regulators’ governance reform plan for financial holding firms. The shortlist includes four internal and two external candidates, with one external candidate unnamed at their request. The committee plans interviews and further narrowing through September, with the final pick expected to be appointed at an extraordinary shareholders’ meeting in November.

Finance

KB Financial finalises six candidates for next chairman, including Yang Jong-hee

KB Financial Group has narrowed its list of candidates for the next chairman to six. The group’s Chairman Nomination Committee met on Thursday and confirmed a shortlist comprising four internal candidates and two external candidates. Internal candidates include incumbent chairman Yang Jong-hee, division heads Lee Jae-geun and Lee Chang-kwon, and Kookmin Bank CEO Lee Hwan-ju. External candidates include former Woori Bank CEO Kwon Kwang-seok and one candidate who requested anonymity.

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.