The Board of Directors, which is the policy-making instrumentality of the Bank. According to Articles of Incorporation, The Board of Directors of the Bank shall comprise eleven to fifteen directors. Three to five directors shall be elected to be managing directors (Amongst the managing directors, the number of independent directors shall not be less than one). The chairperson of the Board of Directors shall be elected from among the managing directors. The number of independent directors shall be no less than five persons and no less than one-third of the total number of directors. 

The Board of Directors comprises eleven directors (including five independent directors and six non-independent directors) The chairperson of the Board of Directors shall act internally as the chairperson of the meetings of the Board of Directors and the meetings of the managing directors, and shall externally represent the Bank. The ordinary meeting of the Board of Directors shall be convened on a quarterly basis. An extraordinary meeting may be convened in the event of an emergency or upon the request by more than half of the directors.