NongHyup Financial Recommends Song In-chang, Former Ministry of Strategy and Finance International Economic Manager, as New Outside Director

[Asia Economy Reporter Kiho Sung] NongHyup Financial Group announced on the 24th that it held a Nomination Committee for Executive Candidates (hereinafter referred to as the Nomination Committee) and recommended Song Inchang, former Director of International Economic Management at the Ministry of Strategy and Finance, as the final candidate for the new outside director.

The NongHyup Financial Nomination Committee stated that when appointing outside directors this time, they selected an expert in the global and economic fields to align with NongHyup Financial's management objectives and to balance the expertise of the board of directors.

Candidate Song is recognized as an expert in the global and economic fields, having performed various tasks related to international finance and economics at the Ministry of Strategy and Finance, and having served as a director at the European Bank for Reconstruction and Development (EBRD) and the Asian Development Bank (ADB), accumulating extensive on-site financial experience. NongHyup Financial Group explained that he is expected to contribute to strengthening NongHyup Financial's global business capabilities.

Candidate Song will be officially appointed at the NongHyup Financial Group shareholders' meeting scheduled for the 28th, and his term will be two years from January 1 next year to December 31, 2023.

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