KB Financial Group s CEO recommendation committee announced leadership changes in six of its subsidiaries on Thursday. Out of the eight CEOs of the financial group s affiliates whose terms expire at the end of the year, six are to be replaced through personnel reshuffles.
KB Financial Group held the KB Tech Forum to share know-how and growth strategies regarding the group’s businesses in the tech, data, artificial intelligence (AI) and digital sectors, the group said Monday.
KB Financial Group is accelerating its succession process as the current chairman s term is set to expire this November. The planned timeline involves convening an executive recommendation committee next month, narrowing down a shortlist and selecting the final candidates in September.
Financial authorities have called on major financial group leaders to shield borrowers from the impact of interest rate hikes, urging the companies themselves to absorb the rising costs from global interest rate increases as much as possible. The message came during a meeting between the financial authorities and chiefs of the country s five major financial groups in central Seoul on Friday morning.