KB Financial Group Holdings selected Lee Jae geun, head of the financial division, as the final candidate to succeed Chairman Yang Jong hee, who did not secure a second term. The KB Financial Group Chairman Candidate Recommendation Committee made the decision on the 11th after narrowing the field to Lee, Yang and former Woori Bank CEO Kwon Kwang seok on August 27 and conducting two-hour interviews. Lee is scheduled to be formally appointed at a temporary shareholders’ meeting on November 20, after recommendations from the Committee and the board of directors on the 2nd of next month. His three-year term is scheduled to begin on November 21.