Former FSC chief tapped as next chairman of Woori Financial Group

SEOUL– Woori Financial Group Inc. on Friday nominated former Financial Services Commission (FSC) chief Yim Jong-yong as its next chairman and CEO.

The chairman nomination committee of the major financial holding firm picked Yim as the final candidate after conducting a second round of interview earlier in the day, the company said.

If approved at a general shareholders’ meeting scheduled for March 24, the former bureaucrat will replace incumbent Son Tae-seung, whose term ends in late March.

Born in 1959, Yim served as FSC chairman from 2015 to 2017 and as a vice finance minister in 2010. He also served as chairman of Nonghyup Financial Group between 2013 and 2015.

Source: Yonhap News Agency

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