KB Kookmin Bank said Thursday its outside director nomination committee recommended one new outside director and three outside directors for reappointment.
The committee nominated Yeon Tae-hoon, a senior research fellow at the Korea Institute of Finance, as the new outside director candidate. Yeon graduated from Seoul National University with a degree in economics and earned master’s and doctoral degrees in economics at the University of Michigan. He previously worked at the Korea Institute of Public Finance and the Korea Development Institute, and now researches capital markets and financial consumer protection, among other topics, at the Korea Institute of Finance.
Yeon has also served as an outside director at IBK Investment & Securities, Sh Suhyup Bank, Hyundai Card and Korea Growth Investment Corp. He has held roles including a deliberation member at the Credit Recovery Committee and chair of the Financial Services Commission’s conflict management review committee. The bank said he is regarded as having both on-the-ground financial experience and expertise in consumer protection.
The committee said it made the final recommendation after six meetings and three rounds of screening and qualification reviews.
Outside directors Moon Soo-bok, Kim Sung-jin and Lee Jung-sook were recommended for reappointment for one-year terms. The nominees are to be formally appointed after a vote at the annual shareholders meeting on March 25.
Outside director Seo Tae-jong will step down after the shareholders meeting as his maximum term ends.
* This article has been translated by AI.
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