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Shinhan case raises concerns over gov't influencing bank leaders

Shinhan Financial Group Chairman and CEO Cho Yong-byoung s decision to drop out of the firm s next leadership race, Thursday, is heightening concerns that the banking industry is becoming more susceptible to the government s influence in the appointment of its chiefs. The possibility has been raised of President Yoon Suk-yeol s administration intentionally influencing the industry as the terms for multiple financial services companies chairmen are approaching their ends starting Dec. 31. ....

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Shinhan Financial nominates banking CEO as next leader

Shinhan Financial Group said Thursday it has nominated Shinhan Bank CEO Jin Ok-dong as its next leader. Jin, 61, will be officially appointed as the new chairman for a three-year term upon confirmation by shareholders and board of directors in their respective meeting in March next year. ....

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Shinhan chooses 3 candidates for next chairman

Shinhan Financial Group said Tuesday that it has confirmed three potential candidates for its next chairman. The candidates are current Shinhan Financial Group Chairman Cho Yong-byoung, Shinhan Bank CEO Jin Ok-dong and Shinhan Card CEO Lim Young-jin. ....

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Shinhan speeds up drive to extend leadership

Shinhan Financial Group is on track to initiate internal procedures to extend the leadership of Chairman Cho Yong-byoung, whose term ends in March 2023. Last week, the group set up a chairperson recommendation committee, and its seven board members have started discussion of the next candidates for the group s top management. Shinhan is expected to confirm the shortlist for the group s next chairperson sometime around early December. After the final candidate is confirmed to lead the banking group during a regular shareholders meeting in March, the next chairperson will then take office as its next leader with a three-year tenure. ....

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Shinhan, Visa unit for collaboration in data and global business

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions. ....

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