[Alpha Biz=(Chicago) Reporter Paul Lee] Danal, an integrated payment business company, announced on the 29th that it will switch from the existing co-CEO system to Baek Hyun-sook's sole CEO system.

Baek Hyun-sook, who has been co-chairman since June, will be finally appointed through the board of directors on Jan. 2, 2024. CEO Baek has played a pivotal role in the financial sector, including finance, funds, foreign exchange and investment, and is considered an expert in the payment industry.

Danal's founder and chairman, Park Sung-chan, will step down from the management front this year for the last time. It reflects Chairman Park Sung-chan's strong will to make a bold generational shift around the first female CEO.

Danal recently replaced its young management by recruiting an economist from the Financial Supervisory Service as head of its financial strategy headquarters and hiring new software development experts from security and IT companies as chief technology officer (CTO).

In particular, through the Management Innovation Committee, which consists of internal and external experts, it will discuss and decide key issues such as ethical management and new business promotion within the group. The strategy is to secure future growth engines and minimize risks for new projects that are currently being pursued or are scheduled around the Management Innovation Committee.

 

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