All Six Candidates for Next Suhyup Bank President Advance to Interviews... Likely Two-Way Race Between Shin Hakki and Lee Hyungjoo

Final Candidate to Be Announced on the 22nd Following Interviews on the 21st

The race for the next President of Suhyup Bank has officially begun. Although all six candidates who declared their intention have passed the document screening, the competition appears to be focusing on a two-way race between Shin Hakki, the current President of Suhyup Bank and an internal candidate, and Lee Hyungjoo, Director of the Financial Intelligence Unit (FIU).

According to the financial industry on September 9, the Suhyup Bank President Candidate Recommendation Committee (the Committee) conducted a document screening of all applicants on this day and confirmed that all six candidates will move on to the interview stage.

Among the internal candidates are President Shin, and former Vice Presidents Jeong Cheolkyun and Park Yangsu, totaling three. The external candidates are Director Lee, Lee Hyungseung, Outside Director of BNK Securities, and Kang Cheolseung, former professor at Chung-Ang University, totaling three as well.

From the left, Shin Hak-gi, President of Suhyup Bank, Lee Hyung-joo, Director of the Financial Intelligence Unit. Yonhap News Agency

The Committee plans to conduct interviews with the candidates on the 21st, and to announce the final candidate on the 22nd. Thereafter, upon approval by the board of directors and the shareholders’ meeting next month, the new President will be officially confirmed. The term of the current President Shin runs until November 17.

Within the financial sector, President Shin and Director Lee are being discussed as the main contenders. President Shin’s major strength is seen as his push for expanding Suhyup Bank’s business scope, including the acquisition of non-banking sectors during his tenure. If he is reappointed, he will become the first President to be reappointed since Suhyup Bank launched as a separate corporation in 2016.

Director Lee’s main advantage is his background as a financial bureaucrat with experience spanning the full spectrum of financial policy. He entered through the 39th Civil Service Examination and has served as Director of Financial Policy at the Financial Services Commission, as well as the Director of Banking Industry, Director of Financial Policy, and Standing Commissioner. If selected as the final candidate, he would be the first President of Suhyup Bank with a background at the Financial Services Commission.

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