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Suhyup Bank's first-ever female leader takes office

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Suhyup Bank CEO Kang Shin-sook, left, poses during an inauguration ceremony held at its headquarters in Seoul, Friday. Yonhap
Suhyup Bank CEO Kang Shin-sook, left, poses during an inauguration ceremony held at its headquarters in Seoul, Friday. Yonhap

By Lee Min-hyung

Suhyup Bank's first female CEO, Kang Shin-sook, took office as the new leader of the fisheries cooperative's banking arm, Friday.

She presented five core management goals after being inaugurated to the position. They include stable revenue generation, preemptive risk management, agile digital transformation, future-oriented organizational reform and enhanced support of fishermen.

"Suhyup Bank is faced with a tough situation where it has to generate stable revenues amid a recession and steep rate hikes and regain its identity as a bank for cooperatives," she said in her inaugural speech. "I will candidly communicate with employees and listen to voices from the market, while at the same time respecting the labor union as a partner for co-prosperity to build a future-oriented labor-management relationship."

Following the speech, she started her two-year tenure at the position.

Kang is also the third female CEO in the nation's banking industry after former Industrial Bank of Korea CEO Kwon Sun-joo in 2013 and incumbent Citibank Korea CEO Yoo Myung-soon.

She made headlines in 2013 after being promoted to become the lender's first female executive after joining the bank in 1979 at the age of 19. She was then promoted to Suhyup Bank's first female executive director in 2016.
Lee Min-hyung mhlee@koreatimes.co.kr


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