Bin Dae-in, 65, chair of BNK Financial Group, has effectively secured another term.
BNK Financial Group on the 8th held the Executive Candidate Recommendation Committee (Imchuwi) and the board of directors in succession and selected Bin as the final candidate for the next chair and CEO.
Starting at 9 a.m. that day at Lotte Hotel Busan, the committee conducted in-depth interviews with four candidates: Chair Bin, Busan Bank President Bang Seong-bin, BNK Capital CEO Kim Seong-ju, and former Busan Bank President An Gam-chan. It then said it chose Bin as the next chair candidate by vote and, afterward, the board confirmed Bin as the final candidate.
Board Chair Lee Gwang-ju explained the background for selecting Bin, saying, "We put the emphasis on continuity of group management and organizational stability amid a situation where not only financial performance based on a risk-management stance matters but also the regional economic slump and the fallout from PF insolvencies are still ongoing."
Bin's renewed term will be finalized at the shareholders meeting in March next year. The term runs through March 2029.
Born in 1960, Bin graduated from Dongnae Horticultural High School in Busan and the Department of Law at Kyungsung University, and earned a master's degree from Kyungsung University. He joined Busan Bank in 1988 and served as head of human resources, head of the Northern Sales Headquarters, head of the Gyeongnam Regional Headquarters, head of the New Financial Business Headquarters, and head of the Future Channel Headquarters, before serving as president of Busan Bank from 2017 to March 2021.