Nam Gi-myeong, Head of the Corruption Investigation Office Preparation Team, Gives Up Concurrent Position as Outside Director of Hana Bank

Nam Gi-myeong, Head of the Preparatory Task Force for the Establishment of the High-ranking Officials' Crime Investigation Agency

[Asia Economy Reporter Kwangho Lee] Nam Gi-myeong, head of the Preparatory Group for the High-ranking Officials' Crime Investigation Agency (PCA), has decided not to hold any other positions, including outside director at Hana Bank, while serving as the head.

On the 10th, Nam stated in a press release from the Preparatory Group, "I deeply feel the weight of the position as the head of the PCA Preparatory Group, and to faithfully fulfill my responsibilities without wavering, I will not take on any public or private positions other than the head during my tenure."

Nam was recommended as a new outside director by the Hana Bank Executive Candidate Recommendation Committee at the end of last month and was scheduled to be officially appointed at Hana Bank's regular shareholders' meeting on the 19th of this month.

Although the head of the Preparatory Group is a non-standing honorary position and holding an outside director position at a corporation does not violate any laws, there have been criticisms that it is inappropriate to concurrently hold a directorship at a commercial bank while leading the establishment of the PCA, a symbol of reform under the Moon Jae-in administration.

Nam emphasized, "I will devote all my energy and sincerity to ensure that the PCA can launch successfully in response to the public's hope that it will eradicate crimes by high-ranking officials and enhance the transparency of the state and the trustworthiness of the public service community."

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