BNK Financial faces turmoil ahead of leadership selection
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BNK Financial Group is under growing pressure to halt its leadership selection process, as political backlash and shareholder activism mount ahead of the final candidate announcement, industry officials said Friday. The board is set to choose its next chairman following final interviews and evaluations on Monday. Markets had broadly expected incumbent Chairman Bin Dae-in to secure a second term. Bin, who took office in 2022, has delivered stable financial results during his tenure at BNK, Busan's flagship regional financial group. He also drew praise for his handling of a 300 billion won ($204 million) embezzlement scandal at BNK's Kyongnam Bank early in his term. But criticism is intensifying over the integrity of the selection process. On Thursday, five lawmakers from the ruling Democratic Party of Korea — representing districts in Busan, Ulsan and South Gyeongsang Province — held a press conference at the National Assembly, denouncing the procedure as Bin's "self-appointment attempt." They demanded the resignation of all candidates, including Bin and BNK Busan Bank CEO Bang Seong-Weiter zum vollständigen Artikel bei Korea Times
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Quelle: Korea Times