KEB CEO assures staff about name of merged bank

Korea Exchange Bank CEO Kim Han-jo reaffirmed in meetings with employees that the bank’s name will be included after the merger with Hana Bank.
The bank’s CEO has been meeting with employees since Monday, the bank said Friday.
According to the bank, Kim told employees that an agreement with the bank’s union was revised to include the fact that KEB’s name will be included in the newly launching merged bank on July 3.
He added that such changes were added to documents that were submitted for approval by the Financial Services Commission.
After the merger is approved by the government, it wouldn’t be possible to simply change the new bank’s name to Hana Bank.
Hana Financial Group was pushing the merger with KEB in March. But it was strongly protested by the union, which filed an injunction that was accepted by a Seoul court. The court later allowed the merger.