SEOUL, December 04 (AJP) - Shinhan Financial Group Chairman Jin Ok-dong is set to secure a second three-year term after delivering consecutive record earnings since taking office in March 2023.
On Thursday, the group’s chairman nomination committee named Jin as its final candidate for the next chairman, following interviews with him and other shortlisted contenders, including Shinhan Bank President Jeong Sang-hyeok and Shinhan Investment Corp. CEO Lee Sun-hoon.
The committee cited Jin’s “strategic insight, operational expertise and strong ethical leadership,” saying he had strengthened Shinhan’s performance and long-term competitiveness through digital transformation, overseas expansion and tighter internal controls.
Born in 1961, Jin began his career at the state-run Industrial Bank of Korea in 1980 and joined Shinhan Bank in 1986, where he held key roles including Osaka branch manager and CEO of the Japanese subsidiary SBJ.
Under Jin’s leadership since March 2023, Shinhan has posted steady record operating profits, excluding one-off factors. The group’s cumulative net income reached 4.46 trillion won in the third quarter, placing Shinhan on track to surpass the 5 trillion-won mark for the first time this year.
Jin’s renewed term is expected to be finalized at the group’s annual shareholders’ meeting and board meeting in March.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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