New chairman of KB Financial pledges to boost rewards for shareholders

▲ A file photo of KB Financial Group Inc.'s new chairman, Yang Jong-hee, taken September 11, 2023 (Yonhap)

KB Financial-new chairman

New chairman of KB Financial pledges to boost rewards for shareholders

SEOUL, Nov. 17 (Yonhap) -- The new chairman of KB Financial Group Inc., a major South Korean banking group, said Friday he would continue to boost shareholder remuneration.

Yang Jong-hee, formerly vice chairman of KB Financial who has been with the financial group since 1989, made the remarks as his appointment was approved at a shareholder meeting earlier in the day.

Yang, 62, has been serving as the chief for the financial group's retail banking, asset management and pension-related business since early this year.

During the meeting, Yang said he would "further develop the policy of expanding shareholder returns," according to the financial group.

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