Baek Sang-hyun, former Industrial Bank of Korea vice president, takes helm of IBK Credit Information

Baek Sang-hyun, former head of the credit operations group at Industrial Bank of Korea, took office Monday as the new CEO of IBK Credit Information.

Baek joined Industrial Bank of Korea in 1992 and went on to serve as head of the credit planning division, head of the southern Gyeonggi Province regional headquarters, head of the card business group and pension business group, and head of the credit operations group. Earlier in the career, Baek led the Jwajwa Industrial Complex branch and the global business support team, building expertise in credit and corporate finance.

Baek graduated from Kyung Hee University and holds an Executive MBA from KAIST's Graduate School of Management of Technology.

IBK Credit Information expects Baek to leverage credit and corporate finance experience gained at Industrial Bank of Korea to sharpen the company's competitiveness and deepen collaboration with IBK Financial Group.

"Inclusive finance that helps customers get back on their feet, and credit support that strengthens financial soundness, are core roles of IBK Credit Information," Baek said. "I will build an IBK Credit Information where individual dreams are realized through the company's growth, and where individual growth in turn becomes the company's competitive strength."

Meanwhile, Industrial Bank of Korea recently signed an MOU with Korea Technology Finance Corporation on financial support for promising young entrepreneurs, committing 200 billion won ($150 million) to the initiative.