Hana Finance Chairman Kim Jung-tae succeeded in virtually four consecutive terms… This time, the term of office is 1 year

Second 4th consecutive chairman of the financial sector… The next CEO of 5 companies including Hana Bank will be decided tomorrow

Hana Bank President Ji Sung-gyu and Lee Jin-guk may replace Hana Geumtu representatives

(Seoul = Yonhap News) Reporter Kim Yeon-jung = Kim Jeong-tae (69), chairman of Hana Financial Group, was virtually successful after serving four consecutive days.

On the 24th, the Hana Financial Group Chairman Candidate Recommendation Committee (recommendation committee) conducted an in-depth interview with four people, including Chairman Kim, Young-joo Ham, Vice Chairman of Hana Financial Group, Park Sung-ho, vice president of Hana Bank, and former Citibank Korea President Jin-hoi Park, and candidate Kim alone. He said he recommended it.

Jeongtae Kim, Chairman of Hana Financial Group
Jeongtae Kim, Chairman of Hana Financial Group

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Chairman Kim’s four consecutive appointments will be confirmed through the regular shareholders’ meeting next month and the board of directors.

However, this term of office lasts for one year until March next year. This is because, according to the internal norms of Hana Financial’s governance structure, the age of the chairman cannot exceed the age of 70.

Chairman Kim joined the Seoul Bank in 1981 and has been in the banking sector for over 40 years. He served as the president of Hana Daetoo Securities in 2006 and the head of Hana Bank in 2008.After becoming the chairman of Hana Financial Group in 2012, he succeeded in reappointing in 2015 and 2018, leading Hana Financial Group for 9 years.

At the beginning, after successful three consecutive tenures, Chairman Kim has expressed his intentions several times, either directly or indirectly, that he will not continue to serve additionally. However, with the opinion that a stable leadership is necessary as all of the leading candidates are exposed to’judicial risk’ ahead of the appointment of the next chairman, and the uncertainty in the financial environment increases due to the prolonged new coronavirus infection (Corona 19), this time Chairman Kim I received this’one year re-confidence’.

In the financial sector, Chairman Kim will become the second four consecutive presidents after Ra Eung-chan, former chairman of Shinhan Finance.

Hana Financial Group
Hana Financial Group

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Meanwhile, as the term of office of the chief executives (CEOs) of major affiliates of Hana Financial Group expires, the Group Executive Candidate Recommendation Committee (Cool-wi Lim) is scheduled to be held on the 25th.

Five affiliates, including Hana Bank, Hana Financial Investment, Hana Card, Hana Capital, and Hana Savings Bank, whose term of office is expired.

Among them, Hana Bank President Ji Seong-gyu and Lee Jin-guk, vice chairman of Hana Financial Group and CEO of Hana Financial Investment, are known to be highly likely to change.

It is said that the fact that Mr. Ji has judicial risks related to private equity funds, and that Vice Chairman Lee has legal risks related to suspicion of pre-sale of stocks, respectively.

The candidates recommended by Lim Chu-wi will be elected at the shareholders’ meeting next month after going through the executive nomination committee and the board of directors of each company.

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