South Korea's Samsung Group appointed new CEOs for its life insurance, credit card and asset management units, JoongAng Ilbo reported.

The group appointed Jeon Young-muk CEO of Samsung Life Insurance Co. Ltd., Kim Dae-hwan CEO of Samsung Card Co. Ltd. and Shim Jong-geuk CEO of Samsung Asset Management Co. Ltd. The appointments are subject to shareholder approval.

Jeon Young-muk currently serves as CEO and vice president of Samsung Asset Management; Kim Dae-hwan is currently vice president of Samsung Life Insurance; and, Shim Jong-geuk is currently serving as vice president of Samsung Life Insurance.

Meanwhile, Samsung Fire & Marine Insurance Co. Ltd. CEO Choi Young-moo and Samsung Securities Co. Ltd. CEO Chang Seok-hoon were appointed to serve another term. Chang was promoted to president from vice president in the same management reshuffle.