Hana Financial Group, to proceed with next president appointment…Conflict with Financial sector
Cho Eun Guk | ceg4204@ | 2018-01-16 11:10:42
Despite the deregulation of the financial authorities, Hana Financial Group is now in the process of appointing the next president, and conflicts between financial authorities and financial holding companies are intensifying. The financial authorities are in a position to postpone the appointment of a chairperson because the prospective candidates of the presidential candidates are highly suspicious of preferential loans. In the financial sector, the authorities raised suspicions of "government finance.”
According to the Financial Sector on January 15, Hana Financial Group recommendation committee (hereinafter referred to as "Chairman of Hana Financial Group") will conduct interviews with 16 members of internal candidates and external candidates such as Chairman Kim Hyeong-tae of Hana Financial Group, After the two days of interviews, the company is expected to announce three or four finalists (short list) on the 16th.
The Financial Supervisory Service ordered the HFG to postpone its appointment to the HFG on January 14. However, Hana Financial Group has conducted an interview schedule with no problem at the meeting.
In the financial sector, the financial authorities estimate that Kim Jong-tae is running a total war to block the three-year term. The Financial Supervisory Commission (FSS) is in the position to postpone the meeting due to the allegations regarding Kim Jong-tae. The Financial Supervisory Service also disclosed that KEB Hana Bank is included in the second inspection target for in-depth review of the banknotes.
The Financial Supervisory Commission warns that if a person who is suspected to be unsuccessful in risk is elected as chairman, then the legitimacy of the risk will fall and the problem may become even bigger if the risk becomes reality. Even if Kim Jong-tae succeeds in his three-year term, it is the financial authority`s decision that he should step down in the middle if he gets a disciplinary punishment as a result of the inspection by the FSS. In fact, despite the appointment of former KB Kookmin Bank president Kang Jung-won as chairman of the holding company in 2009, he has been withdrawn from his position as a middle-class person in connection with the failure to invest in BCC in Kazakhstan.
A representative of the Financial Supervisory Service said, "Since HFG is holding CEO risks, we have asked to postpone the meeting until it can be resolved." It is difficult to understand it as government finance.” The representative said, "If you do not stop the cycle, you postpone it for two weeks. If the FSS accelerates the inspection, you can eliminate the risk before you select the next presidential candidate."
In the financial innovation briefing, the finance minister of the end-of-the-minute said, "If finance is a special thing, there is always someone who is in the wrong conscience of always being right and not interfering with anything.
However, in the financial sector, it is thought that such measures by the financial authorities could lead to the dispute over `government finance` for the government to directly intervene in personnel affairs of private financial companies. A representative from the financial sector pointed out, "Continuously raising a problem in the process of selecting a CEO of a private banking company cannot be ruled out for replacing a person who does not fit the government`s taste."
Hana Financial Group, a party, stated, "The suspicion of lending preferential loans to the FSA and the suspicion of involvement in Choi Jin-sil is already a matter that has not been directly related to the inspection of the National Assembly or special investigation position.”
Meanwhile, there is an analysis that the short list announced on January 16 can only be a formal procedure for President Kim`s third consecutive term. If all the other candidates included in the shortlist are withdrawn from the next presidential race, the remaining president Kim will have to be nominated. In September, KB Financial Group Chairman Yoon Jong-kyu, Kim Ok-chan, former KB Financial Group president, and KB Jongsoo Yang, chief executive officer of KB Financial Group, has been selected as the shortlist. However, which is a bar. For this reason, some of the criticisms were made that Kim and his bosses became vice-presidents for appointing Mr. Yoon.
By Cho Eun Guk ceg4204@
[ copyright ⓒ The Digitaltimes ]
According to the Financial Sector on January 15, Hana Financial Group recommendation committee (hereinafter referred to as "Chairman of Hana Financial Group") will conduct interviews with 16 members of internal candidates and external candidates such as Chairman Kim Hyeong-tae of Hana Financial Group, After the two days of interviews, the company is expected to announce three or four finalists (short list) on the 16th.
The Financial Supervisory Service ordered the HFG to postpone its appointment to the HFG on January 14. However, Hana Financial Group has conducted an interview schedule with no problem at the meeting.
In the financial sector, the financial authorities estimate that Kim Jong-tae is running a total war to block the three-year term. The Financial Supervisory Commission (FSS) is in the position to postpone the meeting due to the allegations regarding Kim Jong-tae. The Financial Supervisory Service also disclosed that KEB Hana Bank is included in the second inspection target for in-depth review of the banknotes.
The Financial Supervisory Commission warns that if a person who is suspected to be unsuccessful in risk is elected as chairman, then the legitimacy of the risk will fall and the problem may become even bigger if the risk becomes reality. Even if Kim Jong-tae succeeds in his three-year term, it is the financial authority`s decision that he should step down in the middle if he gets a disciplinary punishment as a result of the inspection by the FSS. In fact, despite the appointment of former KB Kookmin Bank president Kang Jung-won as chairman of the holding company in 2009, he has been withdrawn from his position as a middle-class person in connection with the failure to invest in BCC in Kazakhstan.
A representative of the Financial Supervisory Service said, "Since HFG is holding CEO risks, we have asked to postpone the meeting until it can be resolved." It is difficult to understand it as government finance.” The representative said, "If you do not stop the cycle, you postpone it for two weeks. If the FSS accelerates the inspection, you can eliminate the risk before you select the next presidential candidate."
In the financial innovation briefing, the finance minister of the end-of-the-minute said, "If finance is a special thing, there is always someone who is in the wrong conscience of always being right and not interfering with anything.
However, in the financial sector, it is thought that such measures by the financial authorities could lead to the dispute over `government finance` for the government to directly intervene in personnel affairs of private financial companies. A representative from the financial sector pointed out, "Continuously raising a problem in the process of selecting a CEO of a private banking company cannot be ruled out for replacing a person who does not fit the government`s taste."
Hana Financial Group, a party, stated, "The suspicion of lending preferential loans to the FSA and the suspicion of involvement in Choi Jin-sil is already a matter that has not been directly related to the inspection of the National Assembly or special investigation position.”
Meanwhile, there is an analysis that the short list announced on January 16 can only be a formal procedure for President Kim`s third consecutive term. If all the other candidates included in the shortlist are withdrawn from the next presidential race, the remaining president Kim will have to be nominated. In September, KB Financial Group Chairman Yoon Jong-kyu, Kim Ok-chan, former KB Financial Group president, and KB Jongsoo Yang, chief executive officer of KB Financial Group, has been selected as the shortlist. However, which is a bar. For this reason, some of the criticisms were made that Kim and his bosses became vice-presidents for appointing Mr. Yoon.
By Cho Eun Guk ceg4204@