Women directors in finance are paltry 4.1%

The proportion of female directors at local financial companies stood at 4.1 percent as of the end of last year, lower than that of all listed companies in Korea, a report said Sunday.

Among 209 outside directors at 13 banks, 27 brokerage houses and 12 insurance companies, only 12 were female, a report by the Korea Insurance Research Institute said.

Of 129 internal directors at the companies, only two were female, the report said.

The proportion of female directors at all local listed companies was 4.9 percent at the end of last year.

Companies around the world have been trying to enhance the diversity of their board of directors, including increasing female directors, the report said, calling for local companies to follow suit.

Yonhap