New Shinhan Bank CEO resigns due to health reasons

• Published date: 28 February 2023
• Publication title: The Korea Times

Shinhan Bank CEO Han Yong-gu stepped down just a little more than a month after taking office, the lender announced Monday.

It said Han, who is in his 50s, cited his health as the reason for his resignation last week.

Former Shinhan Bank CEO Han Yong-gu / Courtesy of Shinhan Financial Group

"The company accepted his resignation as he is anticipated to undergo medical treatment for a long period of time, and minimizing the leadership vacuum is necessary," the bank said.

It said its management committee will convene a meeting "at the earliest date possible" to recommend candidates for a new CEO. "Our decision has been made swiftly in pursuit of stable growth and unwavering sales," the bank said.

Han was...