Hwang Byeong-woo is the chairman of DGB Financial Group and the president of iM Bank. /Courtesy of DGB Financial Group

DGB Financial Group announced on the 20th that it held a meeting of the group executive candidate recommendation committee and decided to reappoint Hwang Byeong-woo, the current president and chairman of the holding company, as the next president of iM Bank (formerly Daegu Bank).

The reappointed president, Hwang, will receive approval at an extraordinary shareholders' meeting this month and will assume the duties of the new president starting next year.

Hwang has served as the president of iM Bank since last year and took office as chairman of DGB Financial Group in March of this year.