South Korea's K Bank names CEO

K Bank Co.Ltd. nominated Suh Ho-sung, former senior vice president for marketing and strategy at Hankook Tire & Technology Co. Ltd., as CEO, pending shareholder approval in February, Yonhap News Agency reported.

Suh will replace Lee Mun-hwan, who offered to leave the South Korean digital bank earlier in January for personal reasons.

Suh comes from outside the circle of top shareholders, including KT Corp., with a previous financial industry career that includes executive roles at Hyundai Card Co. Ltd. and Hyundai Motor Securities Co. Ltd.