Shin Sang-hoon, Former Shinhan Financial Group President, Appointed as CEO of Financial Industry Public Interest Foundation

Shin Sang-hoon, former President of Shinhan Financial Group

[Asia Economy Reporter Kangwook Cho] The Financial Industry Public Interest Foundation announced on the 8th that it held a board meeting on the 7th and appointed Shin Sang-hoon, former CEO of Shinhan Financial Group, as the new chairman.

Chairman Shin gained diverse work experience at Korea Development Bank and Shinhan Bank, served as the CEO of Shinhan Bank and Shinhan Financial Group, and has been a special professor at Sungkyunkwan University’s Business School.

Chairman Shin stated, "As the first financial industry public interest foundation jointly established by labor and management at the industry level in Korea, we have solidified the foundation of the foundation over the past two years. Now, it is time to take a full leap forward to realize the founding philosophy of ‘Happy Republic of Korea Financial Labor and Management Together.’ We will actively lead financial education, consumer protection, the formation of financial assets for vulnerable groups, overcoming COVID-19, as well as youth job creation," expressing his determination upon inauguration.

The Financial Industry Public Interest Foundation, established through labor-management agreement in the financial sector, is Korea’s first industry-level labor-management joint public interest foundation, launched on October 4, 2018. The foundation’s funds amount to approximately 200 billion KRW, jointly raised by 100,000 members of the Financial Labor Union and 33 financial institutions on the management side.

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