Dr. Jong Kyoo Yoon was elected as Chairman and CEO of KB Financial Group and President and CEO of Kookmin Bank in 2014, in appreciation of his extensive experience and in-depth knowledge of financial industry, complemented with outstanding capability and dedicated service evidenced as Deputy President & CFO of KB Financial Group (2010 ~ 2013) and CFO & SEVP of Kookmin Bank, the Group’s flagship subsidiary (2002 ~ 2004).
Prior to his return to the Group as Chairman and CEO, Dr. Yoon served as Senior Advisor at Kim & Chang, Korea’s premier law firm, from 2013 to 2014, where he provided a wide spectrum of professional advisory services spanning from M&A, PMI to strategic alliance and tax advisory.
During his tenure as Deputy President & CFO of KB Financial Group from 2010 to 2013, Dr. Yoon spearheaded Group’s financial planning & management and led profitability improvement. Dr. Yoon demonstrated strong execution capability and management judgment, which had been evidenced through his achievements as CFO such as successful adoption of K-IFRS and involvement in formulating strategic and operational directions related to spin-off of credit card business from Kookmin Bank and merger between KB Investment & Securities Co., Ltd. and KB Futures Co., Ltd. Dr. Yoon was also highly regarded for his contribution to profitability improvement including NIM increase led by loan pricing system enhancement and funding cost reduction, and cost efficiency improvement.
As Chief Risk Officer of KB Financial Group from 2010 to 2011, Dr. Yoon oversaw Group’s asset quality improvement, solidifying Enterprise Risk Management system primarily through formation of Risk Monitoring System and Total Exposure Limit Control System. Based on his judgment for prudent risk management, more stringent credit appetite and credit analysis system were implemented.
Dr. Yoon’s first engagement with Kim & Chang as Senior Advisor started in 2005, serving for six years until 2010, employing his in-depth knowledge and seasoned experience both in banking and non-banking sectors. Dr. Yoon exercised expertise accumulated through his long career as banker, professor, advisor and CPA in a wide range of areas including strategic planning, financial and tax strategy, labor issues and M&A.
During his three-year service at Kookmin Bank, he was a Senior Executive Vice President (CFO/CSO/ Retail Banking Head) in charge of the Bank’s strategy, financial planning and retail banking operations. Some of his accomplishments at the Bank included the post-merger integration between Kookmin Bank and Housing & Commercial Bank, integration of credit card business, and improvement of cross-selling capabilities such as mutual fund and bancassurance. From 2003 to 2004, he was also a Commissioner and Director at Bank Internasional Indonesia.
Before joining Kookmin Bank in 2002, Dr. Yoon was an Executive Vice President and Senior Partner at Samil PricewaterhouseCoopers, where he oversaw financial restructurings of multiple banking institutions and corporate workout programs during the Asian financial crisis of 1997. In 1991 he received the “Best Independent Auditor” award from the Korean Listed Companies Association.
He also advised the Korean Government, Financial Supervisory Service and non-profit organizations on taxation, accounting and financial-planning issues.
Dr. Yoon received a B.A. in Business Administration from Sungkyunkwan University, an M.A. in Business Management from Seoul National University, and a Ph.D. in Business Administration from Sungkyunkwan University.
Dr. Yoon has authored numerous books and articles on tax, accounting, and other related subjects and is fluent in both English and Japanese.
Mr. Jong-Hee Yang is a Deputy President in charge of the Financial Planning Department, Investor Relations Department, Human resources Department and Public Relations Department. Mr. Yang joined Kookmin Bank in 1989 and has successively filled various important positions in the field of Strategic Planning, Financial Planning and Internal Control over Financial Reporting. In 2008 Mr. Yang, an establishment member of KB Financial Group, was a department head at Office of Board of Director. In 2010 he was named as a department head of Financial Planning & Management. In 2013 he was a department head at Strategic Planning. After successfully managing the department for two years, Mr. Yang took his current position as a Deputy President in January 2015.
Starting his career as a specialist in strategic planning, Mr. Yang extended his field of expertise to financial planning. He always seeks renovated solutions and is known for his energetic leading style. These characteristics allow him to adapt to the rapidly changing financial environment.
Mr. Yang received a B.A in Korean History from Seoul National University.
Mr. Ki-Bum Lee was elected as Senior Managing Director and CRO of KB Financial Group Inc. in July 2013. He has become the executive officer in charge of Group’s Risk Management and Audit.
Mr. Lee was born 1957 in Korea, Graduated Whimoon High School and received B.A in German Language & Literature From Seogang University.
Mr. Lee has built up his career as an expert in Audit & Compliance and Risk Management. Under the rapidly changing market environment, he contributed to the reliance on Kookmin Bank’s internal control based on his experience and specialty. He was a head of Audit Department from 2004 to 2006 and Chief Compliance Officer in 2011 at Kookmin Bank. Recently he was a head of Gyeongseo and Bucheon regional head office.
Mr. Chung was elected as Managing Director and Chief Compliance officer of KB Financial Group Inc. in January 2014.
Prior to joining KB, Mr. Chung has completed diverse tasks in the legal field, such as working for law Firms and prosecutors’ offices. Recently he worked for law firm “The Firm” as a managing partner lawyer.
Mr. Chung received his bachelor’s degree of law from Seoul National University. From 2002 to 2004, he worked as a lawyer at Sojong Partners. After completing his time at Sojong Partners, he worked for the office of the President as a deputy secretary until 2007.
He was appointed as a Public Prosecutor in August 2007. Before resigning, he served at a variety of posts - including a Prosecutor of Suwon District Prosecutors’ Office, a Senior Prosecutor of Anyang branch of Suwon District Prosecutors’ Office and a Vice Chief Public Prosecutor of the Western Branch of Daegu District Prosecutors’ Office.
Mr Kyu Sul Choi is Managing Director and Head of Investor Relations at KB Financial Group Inc. Mr Choi joined Kookmin Bank, the largest subsidiary of KB Financial Group, at the end of 2002 as the Head of Investor Relations and led the team for 2 years. After running the bank’s ALM dept. for over a year, he reassumed his current position in 2006 through the formation of the holding company in September 2008.
Prior to joining Kookmin Bank, Mr Choi built up an extensive wealth of banking knowledge and experience at Korea First Bank, Banque Paribas, and Bank of America.
At Korea First Bank, following his overseas assignments at the London and New York branches, Mr Choi headed treasury & capital markets and risk management. His 12-year career at the bank, since 1991, included such key areas as planning, ALM, corporate finance & project finance, and off-balance sheet product management.
As a highly respected trader, he served various key positions in treasury & capital markets at the Seoul branches of Banque Paribas and Bank of America from 1986 to 1991.
Mr Choi has received a B.A. in Business Administration from Yonsei University.
Mr. Kyung Yup Cho joined KB Financial Group Inc. in July 2013 as the Managing Director, Head of KB Research. Prior to working with KBFG, he served as Senior Editor at MaeKyung Media Group.
His professional career as a journalist with the Maeil Business Newspaper (MK) goes back to 1987 and he covered industry, economic policy, stock and financial market. Mr. Cho was head of financial news at Maeil Business Newspaper twice and focused on the issues such as financial market and policy in Korea for a long time. He acted as head of the political news, social affairs and international news. In 2009 he was in charge of director and editor-in-chief of MaeKyung Economy and monthly business magazine, LUXMEN at MK.
He took the doctor’s degree in business administration from Yonsei University in 2011 with a dissertation on the global financial crisis in 2008. Mr. Cho was a visiting scholar at the Center for Government-Business Relations of Georgetown University in Washington D.C. from 1997 to 1998.
He will dedicate himself to KBFG as a research head and suggest practical plans and strategies for KBFG with his journalist career, especially in-depth expertise and perspectives.
KB Financial Group is pursuing model enterprise of corporate governance for the objectives of transparent management, independence of the board of directors, and protection of shareholders’ rights.