Hoichuwi, the final candidate selected in late next month
Financial sector “gold, possibility of continuing one more year”
Financial Supervisory Service in conflict, “I can’t clear my position”
-Hana Financial Group has confirmed four internal and external personnel, including current Chairman Kim Jeong-tae (69), as the next chairman candidate. The Hana Financial Group Chairman Candidate Recommendation Committee (recommendation committee) went through an in-depth evaluation on the afternoon of the 15th, and was selected as the final candidate for the president and president. Park Jin-hoe, former Citibank Korea president (64), announced that a total of four people were confirmed.
-Inside and outside the financial sector, there is a possibility that Kim, who has been serving three consecutive years, will be reappointed for another year. Chairman Kim succeeded in serving three consecutive terms in 2018, and has been drawing a line for additional consecutive terms. However, as the legal risks of the next influential runners arose, there are observations that he would have had no choice but to put Kim’s name on the four-member list. Vice-Chairman Ham, who was considered a leading candidate for the next chairman-elect, is undergoing a trial over allegations of employment corruption and the DLF situation. Vice Chairman Lee Jin-guk is also being investigated for pre-sale of stocks. According to Hana Financial’s best practices for governance, there is no limit to the number of consecutive terms, only the age limit of’up to the age of 70′. Due to age restrictions, analysts say that 69-year-old Chairman Kim can remain in office for only one year until the shareholders’ meeting next year. An official from the financial sector said, “There is a possibility that the retirement will take on the role of a relief pitcher who manages the organization by working for another year until the next president-elect candidate is settled for President Kim.” The Financial Supervisory Service pointed out that in 2018, when he served as Chairman Kim for three consecutive years, it was not fair for the incumbent chairman to participate. However, at the time, the Hoichu Committee decided that President Kim was the final candidate. An official from the Financial Supervisory Service said, “The position has not yet been settled on the process of selecting the chairman of Hana Financial Group.”
Yoon Seong-bok, chairman of the Korean Accounts Association, said, “We have fairly and transparently determined the final candidates according to the management succession plan and candidate recommendation procedure for the president and president of the CEO.” Said. Hoe Chul Committee plans to interview four in-depth sooner or later and select one final candidate before the general shareholders’ meeting to be held at the end of next month.
-Inside and outside the financial sector, there is a possibility that Kim, who has been serving three consecutive years, will be reappointed for another year. Chairman Kim succeeded in serving three consecutive terms in 2018, and has been drawing a line for additional consecutive terms. However, as the legal risks of the next influential runners arose, there are observations that he would have had no choice but to put Kim’s name on the four-member list. Vice-Chairman Ham, who was considered a leading candidate for the next chairman-elect, is undergoing a trial over allegations of employment corruption and the DLF situation. Vice Chairman Lee Jin-guk is also being investigated for pre-sale of stocks. According to Hana Financial’s best practices for governance, there is no limit to the number of consecutive terms, only the age limit of’up to the age of 70′. Due to age restrictions, analysts say that 69-year-old Chairman Kim can remain in office for only one year until the shareholders’ meeting next year. An official from the financial sector said, “There is a possibility that the retirement will take on the role of a relief pitcher who manages the organization by working for another year until the next president-elect candidate is settled for President Kim.” The Financial Supervisory Service pointed out that in 2018, when he served as Chairman Kim for three consecutive years, it was not fair for the incumbent chairman to participate. However, at the time, the Hoichu Committee decided that President Kim was the final candidate. An official from the Financial Supervisory Service said, “The position has not yet been settled on the process of selecting the chairman of Hana Financial Group.”
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