KB Bank Appoints Two New Directors in Extraordinary Shareholders' Meeting, Business Transformation Focus

JAKARTA — PT Bank KB Indonesia Tbk (BBKP), or KB Bank, held an Extraordinary General Meeting of Shareholders (RUPSLB) on Thursday, 12 March 2026 in Jakarta.

At the meeting, shareholders approved several strategic agenda items, including changes to the composition of the Board of Commissioners and Board of Directors as part of strengthening corporate governance and accelerating the bank’s business transformation.

One of the meeting’s key decisions was to approve the resignation of Seng Hyup Shin from his position as Deputy Chief Commissioner, effective immediately upon closure of the meeting.

Simultaneously, the RUPSLB also approved the appointment of Tae Doo Kwon as Deputy Chief Commissioner. He brings extensive experience in global banking and currently serves as Head of Global Growth Support Division at KB Kookmin Bank. Previously, he held the position of Managing Director of Global Business Group and General Manager of Global Planning Department at KB Kookmin Bank. This experience is expected to strengthen the strategic direction and global synergy of KB Bank within the KB Financial Group (KBFG) network.

Ju Hwan Yi brings expertise in risk management, including his role as Executive Vice President and Chief Risk Officer at KB Prasac Bank Cambodia. His proficiency is expected to reinforce the bank’s risk management discipline and asset quality.

Yungki Prabowo has a track record in banking technology and operations. He previously served as Technology and Operations Director and Chief Technology Officer at Bank ANZ Indonesia. His experience is considered capable of supporting the acceleration of digital transformation and strengthening KB Bank’s operational capabilities.

“This change in management is part of our commitment to continuously strengthen corporate governance, risk management, and digital transformation on a sustainable basis,” said Kunardy in a written statement.

“With a combination of global experience and strong local capabilities, we are optimistic that KB Bank can continue its transformation momentum and strengthen healthy and sustainable growth,” he added.

Following this decision, KB Bank’s Board of Commissioners now consists of Chief Commissioner Jerry Marmen, Deputy Chief Commissioner Tae Doo Kwon, and Independent Commissioners Stephen Liestyo and Hae Wang Lee.