KB, Hana and Woori Financial Group have begun selecting chief executives for key subsidiaries, including their banking units, while Shinhan Financial Group and NH Nonghyup Financial Group are also conducting succession procedures. The three groups convened nomination committees on the 30th. Hana Financial Group began procedures for six major affiliates, including Hana Bank, Hana Securities and Hana Card, with no more than three finalists planned for each company by the end of October and one recommended candidate in early December. Hana Bank's nomination committee has expanded authority this year to comment on the final candidate pool, while Woori added a management-performance review to its bank CEO selection process. The terms of Lee Hwan-joo of KB Kookmin Bank, Jung Sang-hyuk of Shinhan Bank, Lee Ho-sung of Hana Bank and Jeong Jin-wan of Woori Bank expire at the end of the year. The selection process is being watched for the potential influence of the Financial Supervisory Service, which has urged lenders to make subsidiary CEO succession more transparent.