Kim Jung-tae, Chairman of Hana Financial Group, Waves Off Reappointment Questions... "No Intention"

Chairman Kim's Term Expires in March Next Year

Kim Jung-tae, Chairman of Hana Financial Group, is attending the meeting between the Financial Supervisory Service Governor and Financial Holding Company Chairmen held on the morning of the 3rd at the Bankers' Hall in Myeong-dong, Jung-gu, Seoul.

[Asia Economy Reporter Kim Jin-ho] Kim Jung-tae, Chairman of Hana Financial Group, waved his hand dismissively on the 3rd when reporters asked about the possibility of his reappointment, saying, "I have no intention."

On the same day, Chairman Kim gave this response at a meeting with Jung Eun-bo, Governor of the Financial Supervisory Service, and major financial holding company chairmen held at the Bankers' Hall in Myeong-dong, Jung-gu, Seoul.

When reporters asked, "Do you have the intention to be reappointed?" Chairman Kim replied twice shortly and firmly, "No." When further questioned, "Does that mean you will not seek reappointment?" he shook his hands from side to side.

Earlier, Chairman Kim secured his fourth term in March. Having served as chairman for 10 years since 2012, his current term lasts until March next year. According to Hana Financial's governance regulations, the chairman cannot exceed the age of 70. Chairman Kim is 69 years old this year.