Reapplication for New Suhyup Bank President... "No Suitable Candidate Found"

[Asia Economy Reporter Kim Min-young] Sh Suhyup Bank has decided to restart the process of selecting the next president from the beginning. It has become impossible to appoint a new president before the current president's term ends on the 24th.

According to the financial sector on the 12th, the Suhyup Bank President Recommendation Committee (PRC) conducted interviews with five candidates who applied for the new president position but failed to select a presidential candidate.

It was reported that Kim Jin-gyun, Senior Vice President of Suhyup Bank; Kim Cheol-hwan, Executive Vice President of Suhyup Bank; Kang Myung-seok, former Standing Auditor of Suhyup Bank; Ko Tae-soon, former CEO of NH Nonghyup Capital; and Son Gyo-deok, former President of BNK Gyeongnam Bank, attended the interviews.

The selection of the Suhyup Bank president requires the agreement of four out of five PRC members, but the committee members could not reach a consensus.

The PRC decided to return to square one and reopen the call for presidential candidates. The schedule for the call will be determined later. A Suhyup Bank official explained, "Existing applicants can also reapply."

The appointment of the Suhyup Bank president faced difficulties in 2017. After former President Lee Won-tae stepped down, the PRC failed to reach an agreement and held three rounds of calls before appointing the current President Lee Dong-bin. During this period, the leadership position remained vacant for six months.

Among the five PRC members, three are recommended by the Minister of Strategy and Finance, the Chairman of the Financial Services Commission, and the Minister of Oceans and Fisheries, respectively, while the remaining two members (former Suhyup cooperative heads) are recommended by the Chairman of Suhyup Central Association. The Suhyup Central Association, which holds 100% of Suhyup Bank's shares, and the government, which injected 1.7 trillion won of public funds into Suhyup Bank, have experienced conflicts due to differing candidate preferences. There are concerns that a repeat of the 2017 situation may occur this time as well.

This content was produced with the assistance of AI translation services.