KB Financial Group's final candidate for chairman, Lee Jae-geun, has outlined plans to maintain management continuity while promoting artificial intelligence (AI), digital transformation, and decentralized organizational operations.
On the morning of September 14, Lee spoke with reporters on his way to the KB Financial headquarters in Yeouido, Seoul, stating, "I will ensure that the continuity of management, strategy, and business is not compromised. I will deeply consider what role we should play as a leading financial group in South Korea."
Lee was selected as the final candidate, surpassing current chairman Yang Jong-hee, who was considered for reappointment. He remarked, "KB Financial achieved its best-ever performance in the first half of the year, and our stock price has reached an all-time high. I take this as a serious message not to become complacent with being number one."
He expressed a commitment to actively respond to changes in the financial environment, noting, "Changes are occurring centered around AI and digital technology, along with money movement and an aging population. The next 3-5 years will be a critical period for the fate of the financial group."
Regarding organizational direction, he proposed a decentralized approach, stating, "Rather than concentrating authority in one person, we aim for an organization that operates through processes and systems. I will work towards creating a more decentralized and sustainable organization."
In terms of upcoming CEO appointments for major affiliates at the end of the year, Lee emphasized the importance of expertise. The terms of representatives from key affiliates, including banking, cards, securities, and insurance, will expire this year. He noted, "While the appointments will be decided by the CEO candidate recommendation committee, I will prioritize capabilities, expertise, the ability to engage with employees, and the commitment of organizational members, rather than being limited by age."
Lee also pledged to support productive and inclusive finance, stating that KB Financial is pursuing a total of 110 trillion won in financial support for these areas. He emphasized, "Being a leading financial group means not only generating profits but also growing together with customers, investors, and society."
* This article has been translated by AI.
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