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Hana expands Korean New Deal investments

Financial firms brace for shareholders' meeting

Hana chairman may replace bank CEO

Korean banking groups at risk of losing governance autonomy

Korean banking groups at risk of losing governance autonomy Posted : 2021-02-19 08:45 By Lee Min-hyung Financial holding firms here will have less and less leeway in setting key agendas, as their largest shareholder ― the National Pension Service (NPS) ― is on track to widen its influence on their top management. The NPS is the largest shareholder of the nation s top four financial firms ― KB, Shinhan, Hana and Woori ― according to the latest data. The pension fund obtained more than 9 percent stakes in each of the companies as of the end of September 2020. This figure is slightly below the legal limit of 10 percent. Under the local financial law, a single investor cannot purchase more than a 10 percent stake in a single financial holding firm.

Hana Financial chair may clinch fourth term

Hana Financial chair may clinch fourth term Posted : 2021-02-16 16:19 Updated : 2021-02-16 16:54 From left are Hana Financial Group Chairman Kim Jung-tai, Hana Financial Group Vice Chairman Ham Young-joo, Hana Financial Group Deputy President Park Sung-ho and former Citibank Korea CEO Park Jin-hei. By Lee Kyung-min Hana Financial Group Chairman Kim Jung-tai, 69, was among four candidates shortlisted for the group s next chairman, the group said Tuesday. The other three are Vice Chairman Ham Young-joo, Deputy President Park Sung-ho and former Citibank Korea CEO Park Jin-hei. The three-term Hana Financial chairman making the list is in line with industry expectations that he would be able to clinch a fourth term, which will be limited to one year due to his age. The group s rule stipulates that its chairman must be under 70 years of age.