|
According to the financial sector and Woori Finance on the 25th, the board of directors of Woori Finance will be held next week. Since outside directors belonging to the board of directors of Woori Finance and Chairman Tae-seung Son are also members of the Subsidiary Representative Director Candidate Recommendation Committee (self-cold committee), the financial sector is expected to hold a self-cold meeting.
The candidates for the president of Woori Bank are confirmed through the self-consideration and the Woori Bank Executive Candidate Recommendation Committee. When Ja-Chu-wi decides a candidate and sends it down to Lim-Chu-wi, Lim Chu-wi confirms the final candidate for the bank’s president. Since then, the agenda for the appointment of the president will be presented as the main agenda at the shareholders’ meeting of Woori Bank. When the final approval of Woori Bank President is approved by the shareholders’ meeting, a new term of office begins.
The prevailing general shareholders meeting of Woori Bank is on March 25th. The Woori Financial Shareholders’ Meeting is held the next day after the Woori Bank Shareholders’ Meeting.
Woori Bank Chairman Kwon Kwang-seok is the most promising candidate for Woori Bank President. Although he was given a one-year term last year, he is performing the urgent task of organizing stability. Woori Finance Chairman Son Tae-seung was even suspended from the FSS due to the Lime Fund crisis. The shift in leadership can hurt organizational stability, and Kwon is also advantageous in terms of legal risk.
An official from the financial sector said, “The situation is better than that of other bank presidents or chairmen having trouble with Lime or DLF,” and “There are views that the one-year term was short.”
Apart from the performance, Kwon’s performance is not bad either. It is evaluated that it has helped stabilize the atmosphere of Woori Bank, which was afflicted by repeated disciplinary actions by the FSS and management dissatisfaction.
Woori Bank net income decreased by 9.5% compared to the previous year. The situation is similar to other financial holding banks, so it is not a big fault for Kwon. Under the special circumstances of Corona 19, the bank’s net profit was forced to decrease due to the ultra-low interest rate.
An official from the financial sector predicted that “Shinhan Bank’s president Jin Ok-dong has also confirmed his retirement two weeks ahead of the term expiration.”
However, Son Tae-seung, chairman of Woori Financial Group, has received sanctions equivalent to suspension of duties from the Financial Supervisory Service and is facing a second sanction review on the 18th of next month. Accordingly, weight is being put on the succession of Chairman Kwon to stabilize the organization of Woori Bank, the flagship subsidiary of Woori Finance.