Government, Suhyup at odds, going around in circles
Suhyup Bank's search for its next president has again ended without a decision. With the incumbent's term set to expire in less than a week, the selection process has been pushed into next month as candidates remain deadlocked in a vote.
According to financial industry sources, the bank's presidential recommendation committee held its fourth meeting Wednesday afternoon to select a final candidate for the next chief, but failed to reach a conclusion. Because no successor has been chosen, the term of current President Shin Hak-ki — which expires on the 17th — will be extended until a replacement is named.
Recommending a final candidate requires the approval of at least four of the committee's five members. The vote, however, has remained split, with Shin receiving three votes and KoFIU Director Lee Hyung-joo receiving two.
The committee will hold a fifth meeting on Dec. 1 to revisit the selection. If no agreement is reached at that session, the bank could move to reopen the candidate search and install an acting president, according to industry observers. Since its separation from the National Federation of Fisheries Cooperatives in 2016, Suhyup Bank has gone through three rounds of re-recruitment in its presidential selection process.
forest@heraldcorp.com
