NongHyup Financial, Outside Directors Reduced from 7 to 6... Professor Gil Jae-wook Newly Recommended

The number of outside directors at NH Nonghyup Financial Group will decrease from 7 to 6. Among the 4 outside directors whose terms are expiring, 2 have been reappointed, and Professor Gil Jae-wook from Hanyang University’s Business Administration Department has been newly appointed.

NH Nonghyup Financial Group announced on the 27th that among the 4 outside directors whose terms expire at the end of this month?Nam Byung-ho, Ham Yoo-geun, Seo Eun-sook, and Ha Kyung-ja?only Seo Eun-sook and Ha Kyung-ja have been reappointed. Nam Byung-ho and Ham Yoo-geun will retire upon term expiration instead of renewing their terms.

Meanwhile, Nonghyup Financial recommended Professor Gil as a new outside director. Professor Gil has served as the chairman of the Korea Exchange KOSDAQ Market Committee, head of the Ministry of Strategy and Finance’s Fund Evaluation Team, and president of the Korean Securities Association. The reappointment of existing outside directors and the appointment of new outside directors will be finalized at the regular shareholders’ meeting held on the 29th.

Gil Jae-wook, Professor, Department of Business Administration, Hanyang University