KB Kookmin Bank announced on the 22nd that it has nominated Professor Chung Yoon-kyung of Sungkyunkwan University's Software Convergence College as a candidate for outside director. The nomination follows the recent resignation of former outside director Professor Moon Soo-bok of KAIST's School of Computing for personal reasons. The bank's outside director nomination committee selected Professor Chung after conducting five meetings and three rounds of candidate screening and qualification verification, specifically seeking a digital, IT, and ICT expert to replace the outgoing director who also specialized in these fields. As AI-based services and data analysis capabilities emerge as core competitiveness factors for banks, the committee determined that Professor Chung's specialized knowledge and extensive experience in artificial intelligence would strengthen the diversity and collective competence of KB Kookmin Bank's board of directors.
KB Kookmin Bank Conducts Five-Round Selection Process
The bank's outside director nomination committee held a total of five meetings through the 22nd, conducting three rounds of candidate pool selection and qualification verification procedures before finalizing the candidate. The committee considered that the former director was a digital and IT expert, and accordingly selected the new outside director candidate from the same digital, IT, and ICT specialist field.
Professor Chung Holds PhD in Computer Science and AI Research Experience
Professor Chung obtained a PhD in Computer Science from North Carolina State University. She served as a senior researcher at Samsung Advanced Institute of Technology and as a postdoctoral researcher at the IT University of Copenhagen in Denmark before joining Sungkyunkwan University, where she currently serves as a professor in the Software Department of the Software Convergence College. She holds the position of director at the Artificial Intelligence Society of the Korean Institute of Information Scientists and Engineers.
Professor Chung is recognized as a pioneering artificial intelligence expert who has continuously conducted related research since before the AI boom fully materialized. Her research areas include natural language processing, data analysis, generative AI, responsible AI, and interactive storytelling. She performs research applying AI technology to various fields including intelligent content generation, cybersecurity, and anomaly detection. Professor Chung leads national research projects including the Ministry of Science and ICT's support program for mid-career researchers, as well as industry collaboration research.
Shareholder Meeting Scheduled for the 23rd
KB Kookmin Bank plans to hold an extraordinary shareholder meeting on the 23rd to formally appoint Professor Chung as an outside director. Approval is considered certain as KB Financial Group holds a 100% stake in the bank.
The nomination committee stated that it recommended Professor Chung Yoon-kyung as the new outside director candidate because she possesses specialized knowledge and extensive experience in AI-based services and data analysis capabilities, which have emerged as core competitiveness factors for banks. The committee added that it expects her appointment to significantly contribute to further strengthening the diversity and collective competence of KB Kookmin Bank's board composition.
FAQ
Why did KB Kookmin Bank nominate Professor Chung Yoon-kyung as outside director?
KB Kookmin Bank nominated Professor Chung to replace former outside director Professor Moon Soo-bok, who resigned for personal reasons. The bank's nomination committee selected Professor Chung after five meetings and three screening rounds, specifically seeking a digital, IT, and ICT expert to match the expertise of the outgoing director.
What are Professor Chung Yoon-kyung's qualifications in artificial intelligence?
Professor Chung holds a PhD in Computer Science from North Carolina State University and currently serves as a professor at Sungkyunkwan University's Software Convergence College. She is a pioneering AI expert who has researched natural language processing, data analysis, generative AI, responsible AI, and interactive storytelling since before the AI boom. She leads national research projects including the Ministry of Science and ICT's support program for mid-career researchers.
When will Professor Chung be formally appointed as outside director?
KB Kookmin Bank plans to hold an extraordinary shareholder meeting on the 23rd to formally appoint Professor Chung as an outside director. Approval is considered certain as KB Financial Group holds a 100% stake in the bank.
