Mr. Young-Rok Lim was elected as Chairman and CEO of KB Financial Group Inc. in July 2013, after his dedicated service as President of the Group for 3 years. He has become the first Chairman and CEO in KBFG’s history to internally succeed the Group’s Chairmanship.
During his tenure as President, Mr. Lim, based on his broad experience and in-depth knowledge of Korean financial system, was viewed as having demonstrated strong execution capability and excellent leadership in resolving major business issues faced by KBFG. He made an important contribution to enhancing the stable profitability footing of KBFG, by focusing on strengthening its previously weak risk management system and preemptively reducing its exposure to high-risk industries such as shipbuilding and real estate project finance, thereby improving the group-wide credit portfolio as well as KBFG’s overall asset quality management.
Mr. Lim’s in-depth financial expertise demonstrated as President was rooted in his experiences at the Ministry of Finance and Economy (MOFE), one of the most important government agencies in Korea, where he built most of his civil career for over 30 years. Prior to joining the Group, he served as the Vice Minister of the MOFE in 2008.
Throughout his service at the MOFE, Mr. Lim contributed to the stability and soundness of the Korean financial industry along a path of rapid promotions to many key posts, including Vice Minister, Director-General of the Financial Policy Bureau, and Director-General of the Economic Cooperation Bureau.
In addition to his distinguished career at the MOFE, Mr. Lim led the Multilateral Trade Bureau at the Ministry of Foreign Affairs and Trade, where he successfully completed the signing of a Free Trade Agreement with Singapore in 2004, for which he later received a Presidential commendation.
As the Deputy Director-General of the Economic Policy Bureau from 2001 to 2003, Mr. Lim played a leading role in corporate reforms including Daewoo Group, thereby enhancing credibility of large corporate sector in Korea.
During the height of the Asian financial crisis from 1997 to 1999, he was in charge of two key divisions at the MOFE, supervising the capital markets and the banking sector, and led the all-too-important restructuring of the nation’s banking industry including merchant banks. His efforts contributed to Korea’s distinction as the first country to successfully overcome the crisis and thus setting an exemplary model for other nations to follow.
After completing his public service, Mr. Lim continued his pursuit of financial research and knowledge at the Korea Institute of Finance in 2009 as a Visiting Scholar. He then applied his astute understanding of finance at a law firm, Hwang Mok Park P.C., as Senior Advisor for a year just prior to joining KB Financial Group as President.
Mr. Lim received a B.A. and a Master of Public Administration from Seoul National University, and an M.A. in Economics from Vanderbilt University. In August 2012, he obtained his Ph.D. in Economics at Hanyang University.
Married with two children, Mr. Lim is a talented sportsman, enjoying a variety of sports.
Mr. Woong Won Yoon is Deputy President & CFO of KB Financial Group Inc., overseeing the Group’s strategy, financial planning, IR and accounting including M&A and global operations. After successfully managing the Group’s flagship subsidiary, Kookmin Bank, for two years as the Head of Financial Management Division, Mr. Yoon took his current position as Deputy President of the Group in July 2013.
Mr. Yoon has built up his career as a specialist in strategic & financial planning, marketing, sales since 1990, the year he joined Kookmin Bank. Mr. Yoon headed Strategic Planning and Financial Planning Department at Kookmin Bank.
In 2007, Mr. Yoon was named the head of “Holding Company Establishment Office”, responsible for setting up a financial holding company structure. Following the successful establishment of KB Financial Group as a holding company in 2008, he was appointed to lead the Group’s Strategic Planning and Financial Planning & Management Department. During his two years overseeing the Group’s strategic and financial planning, he gained a wealth of experience in M&A, global operations, strategic alliance, organizational management and financial planning.
Prior to his return to the holding company, he acted as the Bank’s Financial Management Division Head in charge of overall Financial Planning of Kookmin Bank. Under the severe financial market turmoil, he contributed to the successful overcome of KB based on his extensive banking experience and in-depth financial expertise.
Mr. Yoon received a B.A., M.A. and Ph.D. in Business Administration from Hanyang University.
Mr. Kim was elected as executive vice president of KB Financial Group Inc. in 2013.
Before achieving the position at the KBFG, he has done quite a few things.
In 2012, he was the host of ‘Mr.Kim’s Economic Criticism’ which broadcasted by MBC. Before he was hosting the show, he was the guest lecturer at Korea Aerospace University as well as the member of advisory committee at KAIST. He was also lecturer at KAIST in 2008.
In order to be able to join the advisory committee and the host of the TV show, he has experienced and learn the knowledge while he was at Daewoo Securities Co. for the senior managing director. He was also working same position at KDB Asset Management.
Mr. Kim received B.A of Law and international relation as his Master from Korea University. In 2006, he obtained Doctoral Degree in communication from Sungkyunkwan University and in 2010, he obtained his MBA in International Finance at Hankuk University of Foreign Studies.
He has published book called M&A communication in 2008 and risk communication in 2012.
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. Kim was elected as Senior Managing Director of KB Financial Group Inc. in 2013.
Mr. Kim is a former deputy director of The Planning and Budget Committee, Government Reform Dept., deputy director of The Ministry of Planning and Budget, Government Reform Dept., managing director of Deloitte Consulting, laboratory/director of Kookmin Bank, and director of Green Financial Division of Kookmin Bank.
He is currently member of steering committee of Financial Services Commission bank recapitalization fund. And he was delegated an adjunct professor of Jeju National University, the assistant of the chairman of the Central Election Management Committee, the controller of Macquarie IMM, a member of National Economic Advisory Council, and a member of Presidential Committee on Northeast Asia Cooperation Initiative.
He won awards “The New-intellect” by The Ministry of Planning and Budget and “The Revolutionary” by Esquire. And he received prizes from The Ministry of Environment and The Ministry of Strategy and Finance. One for promoting Green System, another for attracting the Green Climate Fund.
Mr. Kim Sang Hwan is the Chief Human Resources Officer (CHRO) of KB Financial Holding Company in charge of strategic planning for human resources management and general affairs.
Prior to his latest appointment, Mr. Kim had worked for 26 years at KB Kookmin Bank, the Group’s flagship subsidiary, accumulating professional know-how and building up a corporate career that entailed diverse capacities.
While working for KB Kookmin Bank, Mr. Kim served as Head of Taebaek Branch, Wonjudangu Branch, Youngtong Branch of the bank. He was awarded a Superior Branch Prize(Bronze Prize) in 2010 for his outstanding marketing performance and leadership skills and greatly increased performance of the branch.
When he was put in charge of these branches, he displayed his superior leadership qualities through his direction of branch marketing and his management of human resources under his command, resulting in a remarkable increase in these branches’ combined sales.
Mr. Kim has a B.A. in Business Administration from Gangwon University. Married with one son, he enjoys building social relationships through playing golf.
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. Jong-Hee Yang is Managing Director and Head of Strategic Planning Department at KB Financial Group Inc. 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. After successfully managing the department more than two years, Mr. Yang took his current position as Head of Strategic Planning Department in July 2013 and is appointed Managing Director in Jan 2014.
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 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.