Woori Financial Capital swears in new CEO
Posted : 2021-01-14 14:46
Updated : 2021-01-15 00:27
Woori Financial Capital CEO Park Kyoung-hoon speaks at an online inauguration ceremony at the firm s headquarters in Seocho District, Seoul, Wednesday. Courtesy of Woori Financial Capital
By Lee Kyung-min
Woori Financial Capital held a ceremony on Wednesday inaugurating its new CEO, Park Kyoung-hoon, the vehicle-financing subsidiary of Woori Financial Group said Thursday. Group synergy, digital innovation and strengthening internal capabilities will be our top priorities, a set of future-oriented goals to make a leap forward to become a competitive capital firm, he said during an online ceremony at the firm s headquarters in Seocho District, Seoul.
Woori gearing up for aggressive M&As
Posted : 2020-12-28 08:55
By Lee Min-hyung
Woori Financial Group Chairman Son Tae-seungWoori Financial Group will be able to push for aggressive M&As in 2021, after Chairman Son Tae-seung was cleared of allegations that he received a bribe in the case of the mis-selling of funds by Lime Asset Management.
Last week, the prosecution concluded that Lime Asset Management attempted to lobby Woori s top-ranking officials and resume sales of the problematic hedge funds last year, but Woori declined to accept.
With Son being cleared from the controversy, he will likely speed up the group s expansion into untapped territories particularly non-banking sectors.
Financial groups opt for stable leadership in CEO appointment
Posted : 2020-12-19 23:34
Shinhan and KB reappoint most CEOs of their key affiliates with new terms
By Anna J. Park
Shinhan Financial Group has chosen a path of leadership stability for the next couple of years, after reappointing 11 incumbent CEOs out of its 14 affiliates to continue in their positions for one or two year terms.
The group said Friday that top management, including Chairman Cho Yong-byoung, had decided that the 11 would keep their posts at least for the next year. Out of them, Shinhan Bank CEO Jin Ok-dong and Shinhan Card CEO Lim Young-jin, who head the two key affiliates of the financial giant, were given two-year terms.
Woori Financial chief buys back group shares to show confidence in future business |
Woori Financial Group Chairman Sohn Tae-seung (Woori Financial Group)
Woori Financial Group said Friday its Chairman Sohn Tae-seung recently bought back 5,000 company shares to show his confidence in the banking group’s future growth.
Sohn’s stock buyback marks the fifth time this year, following his earlier buying in January, March, April and August. He now holds 88,127 shares in Woori Financial.
“By purchasing the firm’s shares in the wake of the COVID-19 crisis, he aimed to build market confidence in the group’s corporate fundamentals, such as revenue or assets, while demonstrating his strong will to foster future business,” an official said.