Shinhan Financial Investment President Kim Byung-chul Expresses Resignation
[Asia Economy Reporter Park Ji-hwan] On the 20th, Kim Byung-chul, CEO of Shinhan Financial Investment, expressed his apology to customers for the losses incurred from the recent Lime Fund investment product sales and announced his resignation from the CEO position at a board meeting held at the Seoul Yeouido headquarters.
On this day, CEO Kim Byung-chul stated, "Regardless of whether there is responsibility for the loss of customer investment funds, it is right for me to take responsibility and step down for Shinhan Financial Investment to regain customer trust and quickly normalize," expressing his intention to resign.
CEO Kim said, "On behalf of the company, I sincerely apologize for the losses caused to customers by the investment products sold by Shinhan Financial Investment," and added, "I have delayed expressing my intention to resign in order to prepare measures to minimize customer losses."
He also emphasized, "Shinhan Financial Investment will actively cooperate with the investigation to ensure that no suspicion remains regarding the Lime Asset Management case, which is currently under prosecution investigation, as a financial institution trusted by customers."
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Shinhan Financial Group plans to hold a subsidiary management committee meeting this afternoon to recommend a successor candidate for CEO Kim Byung-chul.
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