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Banking group leaders mentioned as KFB chief candidates

CEOs of the country’s major banking groups, both active and retired, are drawing attention as potential candidates to next lead the Korea Federation of Banks (KFB), a lobby group representing lenders, according to industry sources, Tuesday. ....

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Korea seeks to overhaul banks' corporate governance

One of the key areas that Korean banks are lagging behind global financial firms is corporate governance. Along with the country s complex regulations, a less-than-effective system of checks and balances has been cited as a key factor resulting in the undervaluation of stocks issued by Korean financial institutions compared to their earnings performances. ....

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Shinhan publishes ESG summary report

Shinhan Financial Group has published a report summarizing its 2022 activities related to environmental, social and corporate governance (ESG) principles, the company announced on Tuesday. The 2023 edition of the ESG summary report comes as Shinhan Financial Group, for the first time in the industry, has begun publishing such reports twice a year. Other financial holding companies publish their reports once a year. ....

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Will KT, POSCO replace CEOs as Shinhan, Woori did?

The Yoon Suk Yeol administration has indicated its intention to meddle in the governance of former public enterprises that have long since been privatized - two decades ago - as the government forced financial holding companies recently to replace their chairmen. Concerns are therefore growing over the possibility of nepotism spreading to both KT and POSCO Holdings, based on who ends up replacing their chief executives. ....

South Korea , Ku Hyeon Mo , Lee Suk Chae , Cho Yong Byoung , Kim Young Sam , Chung Joon Yang , Yoon Suk Yeol , Kim Yeung Shik , Lee Myung Bak , Nam Joong Soo , Financial Services Commission , Industrial Bank , Shinhan Bank , Federation Of Korean Industries , Shinhan Financial Group , Korea Chamber , National Pension Service , Woori Financial Group , Office For Government Policy Coordination Lee Suk Joon , People Power Party , Nonghyup Financial Group , Financial Group Chairman Cho Yong Byoung , Woori Financial Group Chairman Son Tae Seung , Hyup Financial Group , Government Policy Coordination Lee Suk Joon , Investment Officer Seo Won Joo ,

8 candidates vie for Woori's next chairmanship

Woori Financial Group reportedly longlisted eight candidates for its next chairman, after incumbent Chairman Son Tae-seung expressed his intention of stepping down from the post at the end of his term. According to sources in the financial industry, the candidates include five executives from within its ranks, and three outside figures. Among them are Woori Bank CEO Lee Won-duk and former Financial Services Commission Chairman Lim Jong-ryong. ....

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