Taking charge

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Taking charge

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Lim Young-rok, right, smiles before his inauguration speech as new head of KB Financial Group yesterday at headquarters in central Seoul.

Citing hardships including a lack of management efficiency, undervalued shares and a worsening business environment, Lim stressed the need for solid fundamentals.

“We have to go back to basics,” he said. “We have to strengthen our competitiveness in areas that we excel in and establish a growth foundation,” the new chairman added. “KB Financial Group is traditionally competitive in retail finance, and our 1,200-employee sales network and 30 million customers are huge assets.”

Lim’s term as chairman will end in July 2016. [NEWSIS]

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