Anna Jiwon Park has been covering the politics at The Korea Times since the summer of 2024, when she joined the press pool for the Office of the President in Korea. Prior to that, she spent about five years reporting extensively on financial markets, regulatory authorities and the financial industry. She joined The Korea Times in 2019 after spending eight years as a broadcast journalist at Arirang TV, Korea’s leading global broadcaster, covering politics, defense and culture.
OK Savings Bank CEO reappointed for fourth term
OK Savings Bank CEO Jeong Gil-ho / Courtesy of OK Savings Bank
By Anna J. Park
By Anna J. Park
OK Savings Bank CEO Jeong Gil-ho has succeeded in getting his two-year term extended for the fourth time, to July 2024.
The decision was made at the savings bank's extraordinary shareholders' meeting held last week, where the shareholders granted Jeong another term to lead the bank's management.
The savings bank's recommendation committee nominated Jeong as the bank's next CEO candidate on June 13, stating that Jeong is fully qualified for the position as he has greatly contributed to the bank's development with his top-notch abilities.
Under his leadership, the country's second-largest savings bank posted an annual growth of 35.9 percent for the bank's entire assets last year. The bank's assets stood at 12.2 trillion won ($9.5 billion) as of the end of last year. It also logged 243.4 billion won in net profit, which is a year-on-year increase of 31.5 percent.
Jeong first took on the bank's leading position in July 2016, and has been reappointed to the top position every two years since.
With the appointment, Jeong is tasked to navigate through challenges of the growing uncertainty in the financial market, while maintaining the bank's status.
Born in 1967, Jeong graduated from Seoul National University, majoring in economics. He previously worked at Hanmi Bank, Watson Wyatt Korea and Human Consulting Group, before joining OK Financial Group in 2010.