POSCO Group Chairman Choi Jeong-woo appears to be seeking a third term as he recently purchased additional shares of POSCO Holdings, the group s holding company, additionally the board has changed the chairman selection rules while remaining silent about the current chairman s future course of action, according to industry officials, Friday.
Outgoing KB Financial Group Chairman Yoon Jong-kyoo and former Shinhan Financial Group Chairman Cho Yong-byoung joined a pool of six candidates vying to become the next leader of the Korea Federation of Banks (KFB), the federation said on Nov. 10.
CEOs of the country’s major banking groups, both active and retired, are drawing attention as potential candidates to next lead the Korea Federation of Banks (KFB), a lobby group representing lenders, according to industry sources, Tuesday.
While financial authorities are advocating for governance reforms and voicing concerns about the prolonged tenure of CEOs in the financial sector, foreign banks seem to be sidestepping these pressures.