Headquarters of KB Financial Group in Seoul / Courtesy of KB Financial Group
KB Financial Group Vice Chairman Lee Jae-keun
KB Financial Group selected Vice Chairman Lee Jae-keun as its next chairman for a three-year term, the financial holding company said Friday.
Lee was selected over incumbent Chairman Yang Jong-hee and former Woori Bank CEO Kwon Kwang-seok. His appointment is due to be finalized at a shareholder meeting on Nov. 20, when Yang's current term expires.
"The group selected Lee to lead a bold transformation and generational shift as it seeks to strengthen its core competitiveness and secure new growth engines beyond its current strong performance," the group's chairman recommendation committee said in a statement.
