Industry

KB Financial Group CEO cites ‘change’ in finance industry

KB Financial Group CEO Yoon Jong-kyoo has emphasized “change” in finance industry in his speech marking the seventh anniversary of the foundation of the group.

Yoon said, “Rather than a strong species, an adaptable species can survive the world. The goal of KB is to become the top in all parts [of the finance industry].”

Citing various challenges the finance sector is now facing such as the emergence of Fintech, he said, “For this, we need to strengthen the non-banking portfolio and build up synergy among our affiliates from banking to non-banking. We need a flexible organization and human resources management for a quick response to changes and put our priority on sales.”

Autonomy at each branch of KB’s financial institutions will also be supported, he said, by encouraging bankers at all branches to enhance relationships with their clients.