IBK (Industrial Bank of Korea) President Jang Min-young replaced three vice presidents and established a new 'Productive Inclusive Finance Department' in the bank's first regular personnel reshuffle since his inauguration, announced on July 14. The restructuring aims to strengthen the bank's role as a policy finance institution and accelerate AI transformation (AX) across the organization. President Jang previously announced a vision to inject 300 trillion won by 2030 through an IBK-model productive finance project to support substantial growth of small and medium-sized enterprises.
IBK Establishes Productive Inclusive Finance Department and AX Control Tower
IBK implemented organizational restructuring focused on policy finance execution and AI transformation. The bank established the Productive Inclusive Finance Department to provide systematic funding to advanced and innovative companies, and to support customer recovery through individual debt restructuring. The bank strengthened policy business teams within investment departments to execute systematic policy finance.
The bank restructured the existing Digital Group into the AX Strategy Group and built an AX control tower to oversee AI strategy formulation and execution. The organization expanded and reorganized to strengthen systematic data utilization and internal controls. IBK consolidated scattered global investment functions into the CIB Group to enhance business execution and expertise. The bank reorganized the pension business division under the Asset Management Group to create synergies among wealth management, trust, and pension businesses.
![IBK (Industrial Bank of Korea)]()
IBK Appoints Three New Vice Presidents with Field Expertise
IBK appointed three new vice presidents: Jeong Eun-ji as head of the Financial Consumer Protection Group, Lee Dong-woon as head of the AX Strategy Group, and Jeong Gwang-seok as head of the Global Business Group. The bank also selected 11 new division heads.
Jeong Eun-ji is a small and medium-sized enterprise finance specialist with over 30 years of field experience, including roles as head of Gangbuk Regional Headquarters, Gangseo-Jeju Regional Headquarters, and Gyeonggi Southern Regional Headquarters. Lee Dong-woon has broad understanding of bank-wide operations and execution capabilities through experience in both field and headquarters positions, including Innovation Finance Division head and Western Regional Headquarters head. Jeong Gwang-seok is a specialist with experience in strategy, funding, and global operations, evaluated as suitable for building new growth foundations and strengthening profitability in the global business sector.
![New Vice Presidents (from left): Jeong Eun-ji, Lee Dong-woon, Jeong Gwang-seok]()
IBK Implements Decentralized Personnel Authority to Regional Units
President Jang focused on implementing a field-centered accountability system in personnel decisions. The bank delegated personnel authority to groups and regional headquarters so that organizations with the best understanding of field operations can thoroughly evaluate employee performance and capabilities. IBK separated the transfer process for employees below team leader level to reflect more field opinions in personnel placement.
An IBK official stated the bank will more faithfully fulfill its role as a policy finance institution through the organizational restructuring and regular personnel appointments, and will continue to strengthen future competitiveness based on AX and responsible management.
FAQ
What organizational changes did IBK announce on July 14?
IBK announced the establishment of a new Productive Inclusive Finance Department, the creation of an AX (AI Transformation) control tower by restructuring the Digital Group into the AX Strategy Group, and the appointment of three new vice presidents and 11 new division heads.
Who are the three new vice presidents appointed by IBK?
IBK appointed Jeong Eun-ji as head of the Financial Consumer Protection Group, Lee Dong-woon as head of the AX Strategy Group, and Jeong Gwang-seok as head of the Global Business Group. All three have extensive field experience and specialized expertise in their respective areas.
