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Ex-compliance chief tapped to lead KDB
Park Sang-jin, nominee for chairman of the Korea Development Bank / Courtesy of Financial Services Commission
By Lee Kyung-min
Park Sang-jin, former compliance officer of the Korea Development Bank (KDB), has been nominated to lead the state-run lender, the financial regulator said Tuesday.
The Financial Services Commission (FSC) said Park's nomination will be finalized upon approval by President Lee Jae Myung.
Park has three decades of experience at the state-run lender. His expertise includes financial law and major corporate restructuring.
He was part of the task force that led the corporate restructuring of Kia Group, Daewoo Heavy Industries and Daewoo Motors.
The FSC said Park would contribute to strengthening the government’s drive to move toward productive finance and “tangible economic growth.”
His background is expected to help the bank’s drive to support high-tech industries and manage complex government-led finance project initiatives.
Born in 1962, he began his career at the KDB in 1990. He has a law degree from Chung-Ang University.