IBK Industrial Bank has appointed an external expert as the head of its overseas branch for the first time since its establishment. This move is seen as a way to enhance local expertise in global operations and bring about organizational change.
The bank announced on August 26 that it has appointed Jang Ji-kyu as the new head of IBK Indonesia Bank through an open recruitment process for executive positions. This marks the first time IBK has selected an external candidate for an overseas branch head role.
Jang has previously been responsible for global strategy development at domestic financial institutions. IBK noted that he has extensive experience working in Indonesia, where he has built a strong understanding of the local financial market and established a network.
With this appointment, IBK aims to strengthen its competitiveness in the Indonesian market. The bank plans to expand financial support for small and medium-sized enterprises operating locally while also focusing on asset soundness management.
An IBK official stated, "We expect that bringing in an external expert will inject new vitality into our Indonesian branch. We will build a sustainable growth foundation based on thorough financial support for local SMEs and sound management practices."
* This article has been translated by AI.
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