"Prolonged Treatment Expected... Decision Made to Minimize Management Vacuum"
[Asia Economy Reporter Yu Je-hoon] Han Yong-gu, CEO of Shinhan Bank, has decided to resign from his position.
Shinhan Financial Group announced on the 6th that CEO Han expressed his intention to resign due to health reasons. CEO Han stated, "As my treatment is expected to be prolonged, I made this decision to minimize the management vacuum," adding, "In the current situation of increasing uncertainty, I quickly decided to resign to ensure the bank's stable growth and the steady implementation of its business strategy."
Meanwhile, following CEO Han's resignation, Shinhan Financial plans to hold a subsidiary management committee meeting in the near future to recommend a candidate for the next bank CEO.
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