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Industrial Bank of Korea names new CEO

Collected: 2016.12.25

Distributed: 2016.12.26

Source: Go Direct

Industrial Bank of Korea’s senior executive vice president Kim Do-Jin has been nominated to become the state-owned bank’s chief executive, financial authorities announced on Friday.

According to the Financial Services Commission, Kim will replace Kwon Seon-joo as the chairman and chief executive officer of the Industrial Bank of Korea when the nomination receives formal approval by the presidential office.

Prime Minister Hwang Kyo-ahn who has become the acting president after parliament`s impeachment of President Park Guen-Hye is expected to appoint Kim. He will serve as the CEO of the bank for three years.

By Chung Seok-woo

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