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Tasks lie ahead for Woori s next chairman nominee picked amid controversy

Woori Financial Group s next chairman nominee Yim Jong-ryong stands to be tasked with a drastic organizational reshuffle and non-banking portfolio expansion if he takes the position, a possibility that could become reality by as early as March. Yim has been nominated as the sole candidate for the position last week to replace outgoing Chairman Son Tae-seung. Woori s decision to nominate the former bureaucrat, however, has taken the flak, as Son was forced to leave the group in response to repeated political pressure from financial authorities.

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