Kang Sin-suk Nominated as Suhyup Bank President... First Female President (Comprehensive)

[Asia Economy Reporter Bu Aeri] Kang Shin-sook, Vice President of the National Federation of Fisheries Cooperatives (Suhyup), has been nominated as the next president of Suhyup Bank.

The Suhyup Bank President Recommendation Committee officially recommended Vice President Kang as the sole final candidate on the afternoon of the 15th.

Suhyup Bank plans to hold a board meeting and a shareholders' meeting to approve the appointment of Vice President Kang as the bank president.

Vice President Kang, affiliated with the National Federation, joined Suhyup in 1979 and has held positions such as Head of the Personal Customer Department, Head of the Gangnam Regional Finance Headquarters, Vice President of Suhyup Bank, and Executive Director of the Federation. She also holds the title of the first female executive in Suhyup's history.

Previously, on the 25th of last month, the recommendation committee conducted interviews with current President Kim Jin-kyun, Vice President Kang, former Senior Vice President Kwon Jae-cheol, former Vice President Kim Cheol-hwan, and Choi Gi, Vice Chairman of KS Credit Information, but failed to select a final candidate and proceeded with a re-application process.

Subsequently, on the 7th, interviews were held with Shin Hyun-jun, Director of the Korea Credit Information Service, and Kang Cheol-seung, former professor at Chung-Ang University, who applied during the re-application. Since no final candidate was decided on the 7th, there was analysis that the delay in selecting the final candidate for Suhyup Bank president was due to unresolved differences between the government side and the National Federation.

The final candidate for Suhyup Bank president is decided by the recommendation committee with the approval of at least four out of five members, which is two-thirds of the committee. The committee consists of five members: two recommended by the National Federation of Fisheries Cooperatives and one each recommended by the Ministry of Oceans and Fisheries, the Ministry of Strategy and Finance, and the Financial Services Commission.

However, after holding one more meeting on the same day, the recommendation committee confirmed Vice President Kang, who was on the initial list of candidates, as the next presidential candidate.

Vice President Kang will be the first female president and the second internal candidate following President Kim. With the nomination of an internal candidate, Suhyup Bank is somewhat freed from controversies over government intervention in finance that arose during the appointments of BNK Financial Group and NH Nonghyup Financial Group chairpersons.

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