Final Candidate: Chunwon Park, CEO of JB Woori Capital
Concerns Over "Legal Risks" Cited as Reason
Questioned by Special Prosecutor Over "Kim Kunhee's Housekeeper Gate"
JB Financial Group has postponed the board of directors meeting and the extraordinary general shareholders' meeting to appoint the new president of Jeonbuk Bank. Observers suggest that this is due to "legal risks" surrounding Chunwon Park, CEO of JB Woori Capital, who was selected as the final candidate for the next president of Jeonbuk Bank.
According to the financial sector on December 16, Jeonbuk Bank was scheduled to hold a board meeting and an extraordinary general shareholders' meeting on this day to appoint CEO Park as the next president of Jeonbuk Bank, but the related schedule has been postponed indefinitely.
Some believe that the postponement is due to legal risks involving CEO Park. He was questioned by a special prosecutor in July regarding suspicions of involvement in the so-called "Kim Kunhee's Housekeeper Gate." JB Woori Capital is suspected of having made an investment with lobbying intentions in IMS Mobility, a company reportedly established with the involvement of Kim Yeseong, who serves as the housekeeper for First Lady Kim Kunhee.
Chunwon Park, CEO of JB Woori Capital.
Meanwhile, since taking office at JB Woori Capital in 2021, CEO Park has achieved record-breaking results every year, and for the first time since its establishment, the company posted a net profit of 200 billion won. JB Woori Capital, a core affiliate of JB Financial Group, has also made significant contributions to JB Financial's record-high performance. JB Financial Group recorded an accumulated net profit of 578.7 billion won in the third quarter of this year.
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