Jang Min-young, CEO of IBK Asset Management, has been tapped as the next head of Industrial Bank of Korea (IBK).
The Financial Services Commission said on the 22nd that it recommended Jang for appointment as the new Industrial Bank of Korea (IBK) chief. Following former chief Kim Sung-tae, this is the second consecutive appointment from within the bank. The Industrial Bank of Korea (IBK) chief is recommended by the Financial Services Commission chair and appointed by the president.
The Financial Services Commission (FSC) said, "Having worked for about 35 years at Industrial Bank of Korea (IBK) and IBK Asset Management, Jang is expected to demonstrate stable leadership thanks to a deep understanding of Industrial Bank of Korea (IBK)," and added, "Based on expertise, Jang is the right person to strengthen financing support for small and midsize businesses and small business owners, expand future growth engines through venture investment and loan in advanced strategic industries, and lead a major shift to productive finance through policy finance."
Jang, the nominee, joined Industrial Bank of Korea (IBK) in 1989 and served as head of the Treasury Operations Department, head of the IBK Economic Research Institute, and deputy CEO in charge of the Risk Management Group. Since Jun. 2024, Jang has served as CEO of IBK Asset Management.
Jang, the nominee, is the sixth chief to come from within the bank. Jang, the nominee, is set to take office as the next Industrial Bank of Korea (IBK) chief upon approval by President Lee Jae-myung.