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한상넷 로고한상넷

전체검색영역
S. Korea’s big financial firms to have chiefs replaced in 2017
Collected
2016.12.26
Distributed
2016.12.27
Source
Go Direct
이미지 확대
As the time nears to count down the clock to 2017, South Korea’s major financial institutions are drawing attention with the tenure of majority of their chiefs ending next year.

Han Dong-woo, chairman of the country’s top financial conglomerate Shinhan Financial Group will be stepping down from his office in March next year in accordance with internal management rule that has an age limit on chairmanship as 69 years or younger. Han who turned 68 this year already expressed his intention to resign from his position. The group’s commercial lending subsidiary Shinhan Bank is also expected to see a shift in leadership as the term of CEO Cho Yong-byung will end in March next year.

The country’s other major commercial lenders Woori Bank and KEB Hana Bank are facing reshuffle of top executives as the terms of current CEOs of the banks Lee Kwang-goo and Ham Young-joo, respectively, will end this coming March.

The state-invested financial institutions Export-Import Bank of Korea (Korea Eximbank) and NongHyup Financial Group are also anticipated to replace their chiefs. Korea Eximbank CEO Lee Duk-hoon’s term will expire in March and NongHyup Chairman Kim Yong-hwan’s in April next year.

Top executive reshuffle at the country’s key financial firms will continue in the second half of 2017. In November, the term of Yoon Jong-kyoo, chairman of KB Financial Group and also president of the group’s commercial lending unit KB Kookmin Bank, will expire. NH Nonghyup Bank under NongHyup Financial Group will also face a top management shake-up as the tenure of its President and CEO Lee Kyung-seop expires in December next year.

By Kim Jong-hoon

[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]