KB Financial picks vice chairman as candidate for next chief

KB Financial Group Inc., a major South Korean banking group, said Friday it has picked one of its vice chairmen as the candidate for the group’s next chief.

Its chairman nomination committee selected Yang Jong-hee as the candidate for the group’s next chairman, whose nomination will be officially approved at a shareholders meeting in November.

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.

Source: Yonhap News Agency