Nonghyup Finance starts the process of appointing the next president … Vice President In-Tae Kim in acting

[한국금융신문 한아란 기자]

NH Nonghyup Financial Group has been elected as the next president of the Bank Federation. Kwangsoo KimcloseKwangsoo KimCollect articles The procedure for selecting the president’s successor has begun.

On the 27th, the Nonghyup Financial Group announced that it had opened the Executive Candidate Recommendation Committee (Chuwi Lim) and started the managerial succession process. On this day, the Banking Federation held a general assembly with representatives of member organizations and unanimously elected President Kwang-soo Kim as the fourteenth president of the Banking Federation. President Kim will begin his three-year term on the first of next month.

When President Kim announced his intention to step down from Nonghyup’s board of directors that day, Nonghyup Finance began looking for a new president. Nonghyup Finance Lim Chuwi must complete the final candidate recommendation process within 40 days from the start date of the managerial succession procedure. The new president is finally elected at Nonghyup Finance’s shareholders’ meeting. Until the election of the next elected president, in-tae Kim, the head of the management planning division (vice president), will act as a replacement agency under the regulations of the board of directors.

In the industry, it is noted that there will be no surprises this time around, considering the fact that the bureaucrats have been appointed as president of Nonghyup Finance. Since the launch of Nonghyup Finance in 2012, all five presidents, with the exception of the first former president Shin Choong-sik, have come from the Ministry of Finance and Economy, the predecessor of the Ministry of Strategy and Finance.

While the clear profile of the next elected president has not yet been revealed, former officials whose employment restrictions have been lifted are on the rise. Cited are the names of Seung-tae Lim, former member of the Bank of Korea’s Financial and Monetary Commission, Woong-seop Jin, former head of the Financial Supervisory Service, Eun-bo Jeong, ambassador for the Korean defense quota of the Ministry of Affairs overseas, and Tae-jong Seo, former senior vice president of the Financial Supervisory Service.

In particular, the analysis is raised that this election can be carried out in conjunction with the reorganization of the minister at the end of the year. The breath of the National Federation of Agricultural Cooperatives cannot be ignored. Nonghyup Finance is 100% owned by the National Agricultural Cooperative Federation, so the central president actually owns the rights of the staff.

Reporter Han Aran [email protected]