Park Jeong-hoon, Former Head of Financial Intelligence Unit, to Become Next CEO of Woori Financial Research Institute

Official Inauguration on the 1st of Next Month

Park Jeong-hoon, former head of the Financial Intelligence Unit (FIU), has been appointed as the next CEO of Woori Financial Research Institute.

On the 21st, Woori Financial Group held a Subsidiary CEO Candidate Recommendation Committee meeting and announced that it recommended former FIU head Park as the candidate for CEO of Woori Financial Research Institute. Park is scheduled to be officially inaugurated on the 1st of next month after the Woori Financial Research Institute’s shareholders’ meeting at the end of this month. His term will be two years.

Born in 1969, Park graduated from Seoul National University with a degree in Business Administration and earned an MBA from Northwestern University in the United States. He passed the 35th Administrative Examination and has served as Director of the Capital Markets Bureau at the Financial Services Commission, Planning and Coordination Officer, Standing Commissioner of the Financial Services Commission, and head of the Financial Intelligence Unit.

The Woori Financial Group’s recommendation committee explained that considering Woori Financial Research Institute’s role as a think tank that conducts research and investigations on domestic and international finance and economy, as well as discovers ideas and suggests directions for the group’s core businesses, they recommended Park, who combines expertise in economic and financial theory with practical policy experience. They also noted that Park’s experience working at the Asian Development Bank (ADB) and the International Monetary Fund (IMF) was taken into account, as it enables him to proactively identify risks in the internal and external management environment and propose response strategies for the group.

A Woori Financial Group official stated, “Since Woori Financial Research Institute is focusing its research capabilities on the group’s strategic decision-making, we ultimately selected Park, who has a well-rounded perspective and experience from economic and financial theory to practical work.”

Woori Financial completed the appointment of subsidiary CEOs through the recommendation committee on the same day. In the second half of the year, the group plans to actively pursue strengthening corporate finance, reorganizing IT systems, enhancing global business, complementing the group portfolio including securities and insurance, and promoting non-financial businesses.

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