Lee Chan-woo, Former Senior Deputy Governor of FSC, Appointed as Chairman of NongHyup Financial Group
Two-Year Term Until February 2027
NongHyup Financial Group held a nomination committee meeting and officially recommended Lee Chan-woo, former Senior Deputy Governor of the Financial Supervisory Service, as the new candidate for CEO and Chairman.
The nomination committee stated on the 3rd, "We initiated the management succession process last September and, after thorough discussions and evaluations focusing on comprehensive management capabilities and expertise of both internal and external candidates, we narrowed down the candidate pool and ultimately decided to recommend candidate Lee Chan-woo."
Lee Chan-woo, Deputy Minister of the Ministry of Economy and Finance, explaining the policy Photo by Yonhap News
View original imageAccording to the nomination committee, candidate Lee has gained broad work experience ranging from economic policy to practical tasks at government ministries such as the Ministry of Economy and Finance, equipping him with insight into finance and the overall macroeconomy. Having served as Senior Deputy Governor of the Financial Supervisory Service, he is recognized for his high level of expertise and understanding of the financial industry, possessing all the necessary competencies required for a CEO of a financial holding company.
Therefore, the nomination committee said, "In the current situation where financial instability is increasing, we judged that candidate Lee is the right person to lead NongHyup Financial’s change and innovation based on his broad perspective on the financial industry and macroeconomy."
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Candidate Lee was born in 1966 in Yeongdeok, Gyeongbuk. He graduated from Busan National University High School and Seoul National University with a degree in Political Science. He entered public service by passing the 31st Administrative Examination in 1987 and has held positions such as Director of the Future Society Policy Bureau and Economic Policy Bureau at the Ministry of Economy and Finance, Vice Minister of Economy and Finance, and Senior Deputy Governor of the Financial Supervisory Service. He was finally appointed through the board of directors and the general shareholders' meeting, with a term from February 3, 2025, to February 2, 2027, for two years.
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