Eun Seong-soo “respecting the judgment of regret” in the possibility of additional reappointment of Hana Finance Chairman

“To follow the procedure of a regret…you must know your intellectual and interest well”

(Seoul = Yonhap News) Reporter Kim Yeon-sook = In relation to Hana Financial Group’s next chairman-elect final candidate (short list), President Kim Jong-tae is included, the Financial Committee Chairman Eun Sung-soo basically respects the judgment of the Hana Financial Group Chairman Candidate Recommendation Committee. On the 16th, he announced his intention to do so.

Seong-soo Eun, Chairman of the Financial Services Commission, having a meeting with the chairmen of financial holding companies
Seong-soo Eun, Chairman of the Financial Services Commission, having a meeting with the chairmen of financial holding companies

(Seoul = Yonhap News) Finance Chairman Eun Seong-soo is having a meeting with the chairmen of the five major financial holding companies at the National Federation of Banks in Jung-gu, Seoul on the 16th.
(Clockwise from left) Jeong-tae Kim, Chairman of Hana Financial Group, Tae-Seung Son, Chairman of Woori Financial Group, Yong-Byeong Cho, Chairman of Shinhan Financial Group, Byung-Hwan Son, Chairman of Nonghyup Financial Group, Seongsu Eun, Chairman of Finance Committee, Jongkyu Yoon, Chairman of KB Financial Group. 2021.2.16
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On this afternoon, Chairman Eun met with the chairmen of the five major financial holding companies at the Bank Union Center in Jung-gu, Seoul, and discussed the extension of loan maturity for SMEs and small businessmen due to the novel coronavirus infection (Corona 19).

When asked if there were any concerns from the financial authorities regarding the possibility of Chairman Kim’s four consecutive terms, he said, “Last time, KB Finance[105560] (Jong-gyu Yoon) The basic thing is to follow the procedures at the company, the board of directors, and the meeting of the meeting.

He added, “It is not appropriate to say that the financial authorities did this or that accordingly, and it seems that it is correct to respect their judgment.”

“I’m hoping that the meeting and the board of directors will be aware of the (related) circumstances and (from the outside) and the content that they are interested in. I think it will be reasonable, and I think it will be. “You have to do that.”

On the previous day, Hana Financial Group announced the short list of four chairman-elect including Chairman Kim. The Huichu Committee plans to confirm the final candidate within this month after in-depth interviews with the candidates.

Chairman Kim, who has been leading Hana Financial Group for the 9th year after becoming the chairman in 2012, succeeded in reappointing offices in 2015 and 2018, is considered a strong candidate.

However, there is a view that the possibility of further conflict cannot be ruled out, considering the friction that he had with the financial authorities during his third consecutive term in 2018. At that time, the Financial Supervisory Service requested that the incumbent chairman participate in the meeting, saying it was not fair, and requesting that the appointment schedule be postponed, but the committee pushed forward with a schedule and made President Kim the final candidate.

Seong-soo Eun, Chairman of the Financial Services Commission, greets the chairmen of financial holding companies
Seong-soo Eun, Chairman of the Financial Services Commission, greets the chairmen of financial holding companies

(Seoul = Yonhap News) Finance Chairman Eun Seong-soo greets the chairmen of the five major financial holding companies at the National Federation of Banks in Jung-gu, Seoul on the 16th.
(From left) Son Byung-hwan, Chairman of Nonghyup Financial Group, Son Tae-seung, Chairman of Woori Financial Group, Yoon Jong-kyu, Chairman of KB Financial Group, Kim Jeong-tae, Chairman of Hana Financial Group, and Cho Yong-byung, Chairman of Shinhan Financial Group. 2021.2.16
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Chairman Eun also stressed that it is not a’government’ in relation to the recommendation to distribute within 20% of net profit to banknotes.

He said, “Everyone can expect that financial companies will become vulnerable when the corona occurs,” he said. “So, the FSS also said that it would be nice to refrain from paying dividends.”

“It doesn’t seem like a good thing to do vaguely (to refrain from paying dividends). I asked the Financial Services Commission to decide if there was a need to clarify it,” he said. “In a way, it’s the purpose of clearly paying dividends. , Is it more transparent?”

When asked about the reappointment of Financial Supervisory Service Director Yoon Seok-heon, he avoided an immediate answer, saying, “It doesn’t seem my way to talk about greetings.”

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