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IBK set to appoint internal figure as next leader

The Industrial Bank of Korea (IBK) is set to appoint a new leader from within its ranks rather than parachuting in an outside figure, amid growing criticism over the government s long-held custom of nominating bureaucrats for the position. According to sources from the financial industry here, IBK Deputy CEO Kim Seong-tae is widely expected to replace outgoing CEO Yoon Jong-won when his term ends on Jan. 2.

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