Former regulator head tapped for Woori Financial chief

Woori Financial-new chief

▲ Yim Jong-yong, the new chairman and CEO of Woori Financial Group Inc., talks to the press at the financial holdings firm's Seoul headquarters on March 24, 2023. (Yonhap)

Woori Financial-new chief

Former regulator head tapped for Woori Financial chief

SEOUL, March 24 (Yonhap) -- Woori Financial Group Inc., a major South Korean financial holdings firm, on Friday appointed a former regulator chief as its new chairman and chief executive officer.

Yim Jong-yong, a former chairman of the Financial Services Commission (FSC), took office earlier in the day as the financial giant's shareholders approved his appointment, in succession of his predecessor Son Tae-seung.

Born in 1959, Yim led the FSC from 2015 to 2017 and served as a vice finance minister in 2010. He also took the helm of Nonghyup Financial Group between 2013 and 2015.

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