Same day, different holiday: Mid-autumn festivals across East Asia
Yoon hosts luncheon meeting with Korean atomic bomb victims in Hiroshima on Chuseok
Swimmer, gamers celebrate Chuseok with gold medals
Memorials commemorating Itaewon crowd crush to be erected at accident site
The many regional flavors of songpyeon, a Korean holiday dessert
With teammate's help, inconsolable shooter regroups in time to win bronze
Opposition leader proposes meeting with Yoon amid growing party feud
NewJeans hits 1 bln streams mark on Spotify with debut album
Whisky imports surge 40% through August, suggesting record-breaking year
Traffic heavy on expressways following Chuseok
Shinhan Financial head vows to repair imageBy 황장진
Published : March 23, 2011 - 19:05
Han Dong-woo was inaugurated as the chairman of Shinan Financial, replacing Ryoo Shee-yul, who had served as the acting chief of the country’s third-largest banking group by assets since October.
“I will use every means to recover Shinhan Financial’s previous image and regain shareholders’ trust,” incoming chairman Han Dong-woo said in a meeting of shareholders.
Han also said he will work hard toward revamping the group’s much-criticized governance structure in order to “make Shinhan Financial a financial group that is one notch more desirable.”
Ra Eung-chan stepped down as the group’s chairman in October for conducting illegal financial transactions and bringing forth a management power struggle that marred Shinhan Financial’s reputation as one of the country’s few efficient financial groups.
Ra’s management conflict with Shin Sang-hoon, the group’s former president, led to prosecutors’ investigation on flagship bank unit Shinhan Bank and the financial regulator’s rule tightening over financial groups’ top positions and boards of directors.
Shinhan Bank appointed Suh Jin-won as its new chief executive officer in late December after former chief Lee Baek-soon resigned also in connection with the management feud. (Yonhap News)
S. Korea wins bronze in pistol mixed team event for 14th shooting medal
Heavy traffic on expressways expected on 4th day of holiday
Police launch belated probe into another teacher's suicide after parental harassment