Park Seong-ho Takes Helm at Hana Bank... Vanguard of 'Generational Change'

Imchuwi Recommends Single Candidate for Bank President
Appointment to Be Confirmed Through Next Month's Board Meeting and General Shareholders' Meeting

[Asia Economy Reporter Kiho Sung] Park Seong-ho, Vice President of the Digital Retail Group, has been selected as the head of Hana Bank, a key affiliate of Hana Financial Group. Park, who was recommended as the bank president, is a digital field expert and has been recognized as a next-generation leader, even making a surprise appearance on the final shortlist of candidates for the holding company chairman following Kim Jung-tae’s reappointment. The financial sector widely analyzes that through this appointment, Park has emerged as a leading candidate for the ‘post-Kim Jung-tae’ era.

According to the financial sector on the 26th, Hana Financial Group held an Executive Recommendation Committee (ERC) meeting the day before, recommending both Park and Lee Seung-yeol, Vice President of Hana Bank, as multiple candidates. On the same day, Hana Bank’s ERC recommended Park as the sole candidate. Park is expected to be appointed after the upcoming board meeting and the regular shareholders’ meeting next month.

Hana Financial Group evaluated him as "the best candidate to inject new vitality into the organization based on his extensive experience and outstanding insight in the increasingly important areas of digital, global, and asset management in the rapidly changing financial market."

Park, a ‘traditional Hana man,’ was born in 1964, graduated from Seoul National University with a degree in Business Administration, and joined Korea Investment Finance, the predecessor of Hana Bank. He has served as head of Hana Bank’s Indonesia branch, Vice President of the Asset Management Group, and President of Hana Financial TI. He is regarded as an expert covering strategy, sales, digital, and overseas business. Notably, he served as the head of the Management Support Office, equivalent to the chairman’s secretary, strengthening his close working relationship with Chairman Kim, making collaboration smooth.

A ‘Person Raised by Hana’ Who Has Dedicated 34 Years to Hana Financial Group

Park attracted significant attention in the financial sector by making the final list at the Chairman Recommendation Committee, surpassing Lee Jin-guk, Vice Chairman of Hana Financial Group, and Ji Sung-gyu, President of Hana Bank, after Chairman Kim’s reappointment was decided. Especially, with the symbolic meaning of being a ‘person raised by Hana’ who has devoted 34 years to Hana Financial Group, he is expected to lead the ‘generation change.’

Having been singled out as the sole candidate for Hana Bank president in this leadership appointment, Park quickly rose to the position of ‘number two’ and is expected to aim for the next chairman position of Hana Financial Group after proving his capabilities as CEO for one year. Chairman Kim, who succeeded in a one-year extension yesterday, must hand over the position after one year according to Hana Financial Group’s model code, which does not allow exceeding the age of 70.

Meanwhile, the ERC also announced candidates for the next CEOs of Hana Financial Investment, Hana Card, Hana Capital, and Hana Savings Bank on the same day. Lee Eun-hyung, Vice Chairman overseeing the group’s global business, will take the helm of Hana Financial Investment. Born in 1974, if Lee is finally confirmed through the board and regular shareholders’ meeting, he will become the youngest CEO in the securities industry.

Jang Kyung-hoon, current President and CEO of Hana Card; Yoon Kyu-sun, current President and CEO of Hana Capital; and Oh Hwa-kyung, current President and CEO of Hana Savings Bank, were recommended as CEO candidates based on their solid management performance, making their reappointments possible.

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