The pool of candidates for the next head of the Korean Bankers Association has been narrowed down to six individuals, including former heads of financial groups and banks.
On November 13, the association's Candidate Recommendation Committee held its second meeting and confirmed the six candidates after discussions on recommendations from committee members.
The candidates are Kim Han-jo, former president of Woori Bank; Park Jong-bok, former president of SC First Bank; Son Byung-hwan, former chairman of NH Financial Group; Yoon Jong-kyu, former chairman of KB Financial Group; Yoon Jong-won, former president of IBK Industrial Bank; and Lee Won-deok, former president of Woori Bank (listed in alphabetical order).
The Korean Bankers Association plans to thoroughly review the candidates in the next meeting, which is expected to take place as early as next week.
The chairman is elected through a process where bank presidents recommend and review candidates, followed by discussions in the committee, and final selection at a general meeting. In 2023, the second committee meeting selected six provisional candidates, and the third committee recommended Chairman Cho as the final candidate.
Current Chairman Cho Yong-byeong's term is set to expire at the end of November.
* This article has been translated by AI.
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