Six Candidates Shortlisted for Next Korea Federation of Banks Chair... Yoon Jong-kyu, Yoon Jong-won and Park Jong-bok Among Them
Kim Han-jo, Park Jong-bok, Son Byung-hwan, Yoon Jong-kyu, Yoon Jong-won, and Lee Won-deok
Selected as candidates at the committee's second meeting
Final candidate to be selected at the next meeting
The chairman candidate recommendation committee of the Korea Federation of Banks has narrowed the pool of candidates for the next chairman to six. The candidates include former KB Financial Group Chairman Yoon Jong-kyu and former Standard Chartered First Bank Korea CEO Park Jong-bok.
Banking Federation Chairman Cho Yongbyung and other financial industry officials listen to remarks by Financial Services Commission Chairman Lee Eokwon at a meeting held at the Financial Security Institute in Yeouido, Seoul, on Nov. 5, 2026. Photo by Kim Hyunmin.
View original imageThe Korea Federation of Banks said it held the committee's second meeting on November 13, discussed nominees recommended by each committee member, and finalized the initial pool of candidates. The candidates are Kim Han-jo, former president of Korea Exchange Bank; Park Jong-bok, former CEO of Standard Chartered First Bank Korea; Son Byung-hwan, former chairman of NH NongHyup Financial Group; Yoon Jong-kyu, former chairman of KB Financial Group; Yoon Jong-won, former president of Industrial Bank of Korea; and Lee Won-deok, former president of Woori Bank. Most of the candidates are former CEOs of private financial institutions. The candidate with a government background is Yoon Jong-won, former president of Industrial Bank of Korea, who previously served as senior presidential secretary for economic affairs.
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The committee plans to review the candidates at its next meeting and select one final candidate. The Korea Federation of Banks said, "At the next meeting, we plan to carefully review the pool of candidates before finalizing the nominee." Chairman Cho Yong-byeong's term runs through November 30. The committee comprises 12 members of the Korea Federation of Banks' board: Chairman Cho Yong-byeong; five representatives from the commercial banks' council; three representatives from the specialized banks' council; one representative each from the regional banks' council and the internet-only banks' council; and one representative from a member bank, participating on a rotating basis.
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