Lotte Insurance appointed a new CEO, Lee Eun-ho, early this month. The appointment was confirmed at the firm's board meeting last week. Lee has a career of over 20 years in devising business strategies for the financial industry, including marketing, mergers and acquisitions, overseas expansion and pricing.

Prior to assuming the chief role at Lotte Insurance, Lee served as Chief Financial Officer (CFO) as well as senior executive director since December 2019. The new CEO also said he will focus on creating a company structure where speedy communications and decision making are possible.