Young-Rok Lim
Chairman & CEO @ KB Financial Group
Young-Rok Lim is a startup investor at KB Financial Group. Mr. Young-Rok Lim was elected as Chairman and CEO of KB Financial Group Inc. in July 2013, after his dedicated service as President of the Group for 3 years.He has become the first Chairman and CEO in KBFG’s history to internally succeed the Group’s Chairmanship.During his tenure as President, Mr. Lim, based on his broad experience andin-depth knowledge of Korean financial system, was viewed as having demonstrated strong execution capability and excellent leadership in resolving major business issues faced by KBFG. He made an important contribution to enhancing the stable profitability footing of KBFG, by focusing on strengthening its previously weak risk management system and preemptively reducing its exposure to high-risk industries such as shipbuilding and real estate project finance, thereby improving the group-wide credit portfolio as well as KBFG’s overall asset quality management.
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About KB Financial Group
KB Financial Group is Korea’s leading financial institution with the largest customer base and the most extensive branch network in the country. With total assets exceeding US$342 billion, the Group wields a solid capital prowess and enjoys a strong brand loyalty. As of December 2012, the Group has ten domestic subsidiaries--banking, credit cards,securities, life insurance, asset management, real estate trust, venture capital, credit information, data system, and savings bank--and four overseas subsidiaries in Hong Kong, England, Cambodia, and China.KB Financial Group was established in September 2008 with extensive stock transfers from major subsidiary companies. The Group’s establishment was to better deal with such fundamental changes in the financial markets at home and abroad as the rapid globalization of financial service, a declining profitability of traditional banking operations, new industry regulations, and an increasing demand for comprehensive financial services.
KB Financial Group Contacts
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Woong Won Yoon
CFO
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Young-Rok Lim
Chairman & CEO
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Jong-gyu Yoon
Chairman
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