Business · Companies · 50 mins ago
Woori Bank chief Jung Jin-wan to stay in post until end of 2027
Woori Financial Group has extended Woori Bank chief Jung Jin-wan’s term by one year, until the end of 2027.
The decision was made on November 13 by a committee that recommends leaders for the group’s subsidiaries.
Woori Bank shareholders must still approve the extension at a meeting expected later this month.
The bank uses a two-year term with a possible one-year extension, based on an assessment of performance.
The committee cited stronger capital, expansion of platform businesses including Samsung Wallet, and efforts to provide productive and inclusive finance.
Woori Bank’s common equity tier 1 capital ratio rose from 14.11% at the end of 2024 to 15.8% in the third quarter of 2026, and it had supplied about 29 trillion won for productive finance through September.
Woori Financial Group’s committee has recommended extending Woori Bank chief Jung Jin-wan’s term by one year, through the end of 2027.
The recommendation was made on Nov. 13 and still requires approval at a Woori Bank shareholders’ meeting expected later this month.
The extension follows the bank’s “2+1-year” term policy, under which performance is reviewed after the initial two years.
The committee cited improved capital ratios, expanded platform businesses and efforts to increase productive and inclusive finance.
Jung’s common equity Tier 1 ratio rose from 14.11% at the end of 2024 to 15.8% in the third quarter of 2026.
- Who
- Jung Jin-wan, Woori Bank’s chief.
- What
- He was recommended for a one-year extension of his term, through the end of 2027. The appointment awaits shareholders’ meeting approval.
- When
- The recommendation was made on Nov. 13, 2026. The shareholders’ meeting is expected later in November.
- Where
- Woori Bank, South Korea.
- Why
- The committee cited improved capital ratios, expansion of platform businesses and efforts to advance productive and inclusive finance.
This story does not have two clearly opposing sides.
Jung was appointed Woori Bank chief for an initial two-year term.
The bank’s common equity Tier 1 ratio was 14.11%.
Woori Financial Group’s committee recommended extending Jung’s term by one year.
The bank’s common equity Tier 1 ratio had risen to 15.8%.
Woori Bank’s shareholders’ meeting is expected to make the appointment final.
Jung’s extended term is due to end.
- Term extension
- One year, through the end of 2027
- Recommendation date
- Nov. 13, 2026
- Final approval
- Woori Bank shareholders’ meeting expected later in November
- Common equity Tier 1 ratio
- 14.11% at the end of 2024; 15.8% in the third quarter of 2026
- Productive finance supplied
- About 29 trillion won through September 2026