Woori Financial Group Chairman Son Tae-seung is not running to keep that job for another year.
The Seoul High Court upheld the decision to rule in favor of Woori Financial Group Chairman Son Tae-seung in his appeals trial on the improper selling of high-risk derivative-linked funds (DLFs) by Woori Bank.
KPGA rookie Chang Hee-min took a dominant four-stroke victory at the inaugural Woori Financial Group Championship at Ferrum Country Club in Yeoju, Gyeonggi on Sunday, capitalizing on Friday and Saturday to lock in a win.
The inaugural Woori Financial Group Championship starts Thursday at Ferrum Country Club with PGA golfer Im Sung-jae joining the competitive field.
An employee of Woori Bank was arrested Thursday for allegedly embezzling more than 60 billion won ($47 million).
Shareholders of Hana Financial Group approved Ham Young-joo as chairman.
Financial groups achieved record profits in 2021 on improved interest margins.
Woori Financial Group said Friday it has been privatized for the first time in 23 years.
Eugene Private Equity and four other investors are acquiring 9.3 percent of Woori Financial Group.
Financial Supervisory Service (FSS) Governor Jeong Eun-bo said his institution will focus on preventing financial disasters rather than handing out penalties after them during his first meeting with heads of major financial groups Wednesday.