Woori Bank to choose president from 6 bets

The group said the selected president to be approved by the board in mid-March.

Woori Finance Holdings Co., Korea’s No. 2 banking group, said on Friday that it has accepted applications from six candidates for the new presidency of its flagship banking unit.

The state-run banking group said its seven-member special presidential selection committee has completed the acceptance of applications to lead Woori Bank, the second-largest lender in Korea, a three-year term. 

Woori Bank is currently headed by Lee Chong-hwi, whose term ends in late March. 

The selection comes as incumbent group Chairman Lee Pal-seung was nominated to head Woori Finance for another three years in an effort to help accelerate the stalled privatization of the banking group. 

View the full story in JoongAng Daily.