K Bank has nominated its current president, Choi Woo-hyung, as the sole candidate for its next chief executive officer, the bank said Thursday in a regulatory filing. The executive candidate recommendation committee approved Choi unanimously as the candidate for representative director, with final selection to be decided at the bank’s regular shareholders meeting scheduled for March 31. It would be the first time since K Bank’s launch that a president is reappointed for another term.
The committee cited Choi’s performance since taking office. During his tenure, the bank expanded its customer base to about 16 million and posted net profit in the 100 billion won range for two consecutive years, it said. The bank also said it diversified its asset portfolio by strategically expanding loans to sole proprietors even as household lending faced tighter regulation.
K Bank said Choi has also moved early in blockchain-related businesses, including securing trademarks tied to stablecoins and pursuing domestic and overseas partnerships and remittance services. The committee said those efforts helped support K Bank’s push for a stock market listing and laid groundwork to strengthen its capital base.
Born in 1966, Choi graduated from Seoul National University with a degree in economics. He previously worked at Hana Bank, Samsung SDS and IBM Korea, and later led digital and IT operations at BNK Financial Group. He has served as K Bank president since January 2024.
* This article has been translated by AI.
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