The Korea Insurance General Agency Association announced on September 1 that Song Jae-geun has officially begun his term as the association's executive vice president.
Song was appointed during the first regular general meeting held from August 10 to 13, 2026, via written resolution. His term will last until August 31, 2028.
A seasoned expert in finance and insurance, Song has accumulated extensive experience in financial policy and insurance systems, having worked at the Ministry of Finance and the Financial Services Commission. He has also served as the executive director of the Life Insurance Association and the business representative of the National Credit Union Federation.
This marks the first time a former Financial Services Commission official has taken a leadership role in the GA sector. The association plans to enhance policy communication on key issues facing the GA sector and focus on improving consumer trust and innovating sales channels following Song's appointment.
Song expressed, "I feel a significant sense of responsibility as I take on this important role at a time when societal demands for consumer protection and internal controls are increasing. I will actively communicate with financial authorities and related organizations to promote the healthy development of the GA industry based on the 36 years of experience and networks I have built."
* This article has been translated by AI.
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