Top female financial leaders in Korea, along with members of the New Jersey Economic Mission to Korea ― including the First Lady of New Jersey ― underscored the importance of uniting women to combat the discrimination that persists in the financial sector.
Conglomerates rushing to appoint female outside directors
Posted : 2021-03-01 16:53
By Kim Bo-eun
Major conglomerates are scrambling to appoint female board members, before a revised capital market act goes into effect next year requiring large companies to have at least one woman on their boards.
Given the lack of female senior executives at most companies, they are seeking to comply with the law by appointing outside board members. We have had calls asking for data on female professionals, said Kim Sang-kyung, who heads the Korea Network of Women in Finance (KNWF). The organization seeks to foster female leaders in the finance sector and Kim has spearheaded movements for better female representation in the private sector.