Woori Financial Chairman Yim Jong-yong Second Term Secured to Anchor Portfolio Expansion
Woori Financial Group's board nominates Yim Jong-yong for a second three-year term. Explore the strategic milestones and future governance outlook for one of Korea's leading financial giants.
Stability wins the day at one of South Korea's banking giants. Woori Financial Group's executive recommendation committee announced on Monday, December 29, 2025, that it has selected current chairman Yim Jong-yong as the sole final candidate for another three-year term. Following a final shareholders' vote in March 2026, Yim will continue his leadership through a period of critical market transition.
Drivers Behind Woori Financial Chairman Yim Jong-yong Second Term
According to Yonhap News, Yim's reappointment stems from his successful overhaul of the group's business mix. Since his initial appointment in March 2023, he's spearheaded the group's re-entry into the securities business and the acquisition of an insurance company. These moves were essential in reducing Woori's heavy reliance on commercial banking and creating a more diversified financial engine.
Financial Resilience and Future Outlook
The group's recent performance has bolstered the committee's decision. In the third quarter, Woori's net profit surged by 38%, reflecting robust operational efficiency. "During his tenure, he played a key role in strengthening financial stability and completing a comprehensive portfolio," a company official stated, highlighting Yim's strategic foresight.
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