Kim Do-jin was nominated as the new CEO of state-owned bank Industrial Bank of Korea to replace Kwon Seon-joo, The Korea Herald reported Dec. 23.

The Financial Services Commission recommended Kim for the role as the term of Kwon expires Dec. 27.

Kim is the vice president of the bank's management strategy division.

His appointment is subject to the approval of the president. Prime Minister Hwang Kyo-ahn, who had been acting president since the parliament's motion to impeach President Park Geun-hye, could approve the appointment. However, opposition lawmakers could oppose the move, according to the report.