Four candidates, including Kim Jong-tae, confirmed as the candidates for the next chairman of Hana Financial Group

-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.”