KB Financial Group Chairman Yoon Jong-gyu stated, "In the transition period of the 4th industrial revolution, financial services sector is becoming a battleground of new IT technology." He pointed out that there are many challenges to find new opportunities and defend the existing market.

"The bank`s competitors will be global ICT companies such as Google, Amazon and Alibaba," CEO Yoon said at a ceremony at the 16th anniversary of KB Kookmin Bank`s headquarters in Yeouido, Seoul. "Customers` We need to evolve into a challenging spirit."

He also warned that it should focus on short-term performance and KPI (key performance indicators), which are long-standing practices in banking, and that it should redesign the evaluation system of products and services to match the user`s expectations. Yoon added, "KB`s comprehensive life insurance services will be a competitive advantage, as a combination of subsidiaries will become the center of synergy creation, and banks, securities, insurance, card and asset management will cooperate."

Meanwhile, President Yoon Jong-kyu stressed that he has established a tradition of inheritance in connection with the appointment of a new CEO. He said, "The new CEO will finally set up a precious milestone in the succession of CEOs who will be able to prepare for the KB`s 100-year grandfather while nurturing the dream of president and president." It is believed that the remarks are based on the fact that the conflict with the union has intensified recently with the addition of President Yoon and the appointment of a new CEO.

By Joe Eun Guk ceg4204 @


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