Woori Financial Nomination Committee to Start on 18th... Outline by February at the Latest

The Official Start of the Next President Election Process

[Image source=Yonhap News]

[Asia Economy Reporter Park Jun-yi] Woori Financial Group will soon begin the process to select a successor to Chairman Sohn Tae-seung, whose term expires on March 25.

According to Woori Financial on the 4th, the company's outside directors held a meeting that day and confirmed the activation of the Executive Candidate Recommendation Committee on the 18th.

Accordingly, the procedure to effectively select the next chairman of Woori Financial is expected to officially commence. Along with this, the agenda regarding the appointment of inside directors will also be disclosed.

The outline is expected to be revealed by February at the latest. However, no discussion regarding the current Chairman Sohn Tae-seung's position took place during the outside directors' meeting that day.

Additionally, the meeting discussed whether to pursue litigation concerning the financial authorities' sanctions related to the Lime Fund's incomplete sales, but no final decision was made.