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

The Board of Director comprises nine directors (including three independent directors and six non-independent directors) The chairman 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.