KB Financial confirms 6candidates for next chair, bank stocks rise
KB Financial's Chairman Candidate Recommendation Committee has confirmed the shortlist of 2026year 7month 3day candidates for the next chair. The candidates include current Chairman Yang Jong-hee, 6internal candidates, KB Kookmin Bank President Lee Hwan-joo, former Woori Bank President Kwon Kwang-seok, and 3external candidates whose identities have not been disclosed. On the same day, bank stocks reacted with Shinhan Financial Group up 1% and KB Financial up 3% despite the weak market.2The market response was positive.
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KB Financial Group's Chairman Candidate Recommendation Committee held a meeting on 2026year 7month 3day and confirmed a shortlist of 6candidates for the next chair. This confirmation marks the stage of finalizing a group of candidates combining internal and external figures.
The confirmed candidate list comprises Yang Jong-hee, Lee Jae-keun, Lee Chang-kwon, Lee Hwan-joo, Kwon Kwang-seok, and 1external candidates whose identities have not been disclosed. The internal candidates include Chairman Yang Jong-hee and heads of the group's divisions.
Yang Jong-hee was identified as the incumbent chairman of KB Financial. Lee Jae-keun and Lee Chang-kwon were introduced as heads of divisions at KB Financial Group.
Lee Hwan-joo was identified as the CEO of KB Kookmin Bank, while Kwon Kwang-seok was identified as the former CEO of Woori Bank, respectively. The external candidates1were not identified at their own request.
The CEO Recommendation Committee announced that the shortlist had been finalized and said it would proceed with the next steps. The committee said it was coordinating the subsequent schedule for the timetable of the next stage.
Bank stocks rose on the same day, while the KOSPI showed weakness. Shinhan Financial Group rose by 3% and KB Financial Group rose by 2%.
Related reports were released in succession on 2026year 7month 3day. The disclosures are based on the official announcements by the company and the CEO Recommendation Committee.