OK Savings Bank CEO reappointed for fourth term

OK Savings Bank CEO Jeong Gil-ho / Courtesy of OK Savings Bank

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.