Kookmin Bank CEO likely to serve another term

KB Kookmin Bank CEO Hur Yin

By Jhoo Dong-chan

KB Kookmin Bank CEO Hur Yin is likely to serve another term after KB Financial Group nominated him as a candidate to stay on as head of its banking unit, Thursday.

The group said the nomination was made during the group's CEO recommendation committee meeting for subsidiaries.

Hur's current two-year term is scheduled to expire at the end of November. He will have an in-depth interview process with the committee as a CEO candidate next month.

If the committee recommends him after the process, KB Kookmin Bank shareholders will finalize the appointment during the general shareholders' meeting. If appointed, Hur will serve another year as CEO from next month.

“Before heading KB Kookmin Bank, Hur served various posts, including the bank's CFO,” a KB Financial Group official said.

“He has proven his quality in various fields, including sales, finance, strategy and lending with KB Kookmin Bank. He understands customers' needs as well as Korea's financial market more than anyone. Despite the nation's saturated financial market, Hur managed to lead the bank's solid earnings through his differentiated communication skills over the past two years.”

Hur, born in 1961, graduated from Seoul National University and started his career at Korea Long Term Credit Bank in 1988.

After KB Kookmin Bank's acquisition of Korea Long Term Credit Bank in 1999, he served many positions, including CFO and vice president of KB Kookmin, and took charge of several tasks such as financial affairs, credit reviews and corporate finance.