Kakao Bank announced on 4 March 2025 that its executive candidate recommendation committee had nominated Yun Ho-young as Chief Executive Officer for a fifth consecutive two-year term, subject to approval at the shareholders' meeting on 26 March.
Kakao Bank was launched in 2017 as one of South Korea's first two internet-only banks.
Two other internet-only banks, K Bank and Toss Bank, also operate in the South Korean market.
The Korea Herald reported the nomination on 5 March 2025, noting that the reappointment would be finalised at the shareholders' meeting on 26 March and that Yun would serve another two years.