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Biz News Korea(Eng)
Woori Bank CEO steps down over employment corruption allegation
- Collected
- 2017.11.03
- Distributed
- 2017.11.06
- Source
- Go Direct
Lee expressed his will to leave the post at an emergency board meeting on Thursday. Woori Bank has been suspected of giving preferential treatment to 16 new employees who are children or relatives of the bank’s main customers and officials from state-run organizations such as National Intelligence Service and Financial Supervisory Service.
Lee took the helm of the bank in December 2014 and renewed his two-year term early this year as he successfully led the bank’s privatization process last year.
“I sincerely apologize to the public and our customers over the allegations about illicit hiring,” Lee said in an email sent to Woori Bank employees. “I will step down to take the responsibility and requested the board to embark on a process to appoint my successor immediately,” he added.
Woori Bank’s board of directors and recommendation committee are expected to initiate the process to recruit a new chief.
By Lee Seung-yoon and Choi Mira
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]