Shinhan Financial Group Chairman Jin Ok-dong (진옥동) has been confirmed for a second term.
Shinhan Financial Group on March 26 approved a resolution at its 25th annual general meeting to appoint Jin as chairman.
The decision means Jin will lead Shinhan Financial for another 3 years, through March 2029.
Shareholders also approved a proposal to reduce a 990 billion won capital reserve and transfer it to retained earnings. They also changed the name of outside directors under the Commercial Act to independent directors. Shareholders approved the appointment of outside directors Kim Jo-seol (김조설), Bae Hoon (배훈), Song Seong-ju (송성주), Choi Young-kwon (최영권) and Park Jong-bok (박종복).
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Lee Ji-young
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