Kakao Bank, the banking arm of mobile giant Kakao, on Wednesday said that its board decided to extend CEO Yoon Ho-young’s term for another two years.

Yoon has led the country’s second internet-only bank since 2016.

On Tuesday, the board also appointed three new members -- Jin Woong-sub, former head of the Financial Services Commission, Oh Pyeong-seob, former vice president of KB Kookmin Bank, and Choi Soo-yeol, a partner at Samdo Accounting Firm. 

By Park Ga-young (gypark@heraldcorp.com)