Sh Suhyup Bank president race narrows to six candidates, including Shin Hak-ki and Lee Hyung-joo

  • Sh Suhyup Bank’s committee cleared six applicants for interviews, including incumbent CEO Shin Hak-ki and FIU head Lee Hyung-joo.
  • Lee Hyung-joo and Shin Hak-ki are viewed by financial industry officials as the leading contenders for the presidency.
  • Interviews are scheduled for September 21, with a final candidate due September 22; Lee’s candidacy could contribute to up to three FSC Grade 1 vacancies.

Sh Suhyup Bank has advanced all six applicants to interviews in its chief executive selection process, with incumbent CEO Shin Hak-ki and Lee Hyung-joo, head of the Korea Financial Intelligence Unit (FIU), viewed by financial industry officials as the leading contenders. The other candidates are former Sh Suhyup Bank deputy CEOs Chung Chul-kyun and Park Yang-soo, Lee Hyung-seung, an outside director at BNK Investment & Securities, and Kang Chul-seung, head of the Korea Fisheries Policy Forum. The nomination committee reviewed applications on September 9, will hold interviews on September 21 and plans to select a final candidate on September 22. Lee’s bid has also prompted speculation about a reshuffling of senior Financial Services Commission (FSC) officials, including a potential move by Securities and Futures Commission standing commissioner Park Min-woo to Korea Money Brokerage and as many as three Grade 1 vacancies.

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