iM Bank names deputy president as new CEO

Kang Jeong-hun, iM Bank executive vice president, has been recommended as the sole candidate to lead the bank, the bank said Sunday. According to iM Financial Group, the appointment is viewed as aligning with financial regulators’ best practices guidelines for corporate governance. The group’s executive candidate recommendation committee held a meeting to make the decision on Dec. 19. Kang will become the bank’s 15th CEO later this year, after the appointment is approved at an iM Bank’s shareholders’ meeting. The group said the committee held four meetings starting in September, three months before the current CEO’s term expires. Born in 1969, Kang joined Daegu Bank, now known as iM Bank, in 1997 and has since held a number of key positions, including head of the group’s future strategy. He currently heads the management planning group at iM Bank, overseeing strategy and finance. The group said the committee held in-depth deliberations to find the most suitable candidate who could contribute to iM Bank’s sustainable growth and its transition as a regional-based nationwide co