Choi Woo-hyung, second from right, a former BNK Financial Group executive, poses with other participants during a ceremony on business cooperation between BNK Kyongnam Bank and Finda, a fintech company, in this photo taken on Sept. 18, 2022. Choi was named as the new CEO of internet-only lender K bank, Tuesday. Courtesy of BNK Financial Group

K bank has named former BNK Financial Group executive Choi Woo-young as its next CEO, the company announced, Tuesday.

An internet-only lender, K bank said its executive candidate recommendation committee solely nominated Choi Woo-hyung, who was formerly in charge of the digital finance division at the Busan-headquartered BNK Financial Group.

Choi, 57, will officially be appointed for a two-year term, if he wins approval from shareholders in their meeting scheduled for the end of this month.

“Choi is qualified as the CEO candidate, given that he has extensive knowledge and expertise in digital finance and thus suggests a vision for an internet-only bank,” K bank said in a press release.

The company said Choi is expected to serve its goals of transparency and the public interest.

In a message carried out by K bank, Choi said he is “grateful for the nomination.”

“My shoulders are heavy with crucial responsibilities and missions, and I will faithfully serve the jobs for K bank to prosper.”