[DigitalToday reporter Ji-young Lee] Sh Suhyup Bank failed to decide a final candidate in its fourth meeting to appoint the next bank president, sending the selection process to a fifth meeting.

The financial industry said on Tuesday that the bank's CEO Candidate Recommendation Committee held its fourth meeting that afternoon to discuss selecting a final candidate for the next CEO, but failed to reach a conclusion.

The committee plans to hold a fifth meeting on Dec. 1 to discuss the selection again. It was reported that there was no decision to reopen applications.

To recommend a final candidate, at least 4 of the 5 committee members must agree, but the split has remained with 3 votes for Shin and 2 for Lee, preventing a consensus.

The committee previously held meetings on Sept. 22, Oct. 6 and Oct. 26 but failed to select a final candidate. With no conclusion again at the fourth meeting, the appointment of the next CEO has been delayed to next month.

The Suhyup Federation branch of the National Union of Financial Industry Workers said on Nov. 4 it opposes government and Suhyup Federation involvement in the CEO selection process, and urged both Shin and Lee to voluntarily step down as candidates.