Following Shinhan Financial Group Chairman Jin Ok-dong, Woori Financial Group Chairman Yim Jong-ryong has effectively secured another term.
According to the financial sector on the 29th, Woori Financial Group is expected to convene the Nominating Committee that day and name Yim as the sole candidate for the next chairman. Earlier, the Nominating Committee at Woori Financial Group selected four final candidates: two internal candidates, including Chairman Yim Jong-ryong and Woori Bank President Jeong Jin-wan, and two external candidates.
The Nominating Committee plans to conduct in-depth interviews with the four candidates that morning and, after internal deliberations, finalize Yim as the sole final candidate. The Nominating Committee was said to be set to announce that afternoon the selection of Yim as the sole final candidate for the next chairman.
Yim, who took office in March 2023, will lead Woori Financial Group until March 2029 if approved at the regular shareholders meeting scheduled for March next year following a board resolution.
Earlier, Chairman Jin Ok-dong and BNK Financial Group Chairman Bin Dae-in were also named as sole candidates for the next chairman, effectively winning another term.