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S KOREA'S WOORI FINANCIAL TIGHTENS GRIP ON AFFILIATES.
SEOUL, April 1 Asia Pulse - Woori Financial Group, South Korea's second-largest banking group, has begun tightening its grip on its affiliates, a financial source said today.
Notably, its holding company has been making its system more like that of Samsung Group's restructuring office. Woori's brand new CEO, Hwang Young-key, was formerly a president of Samsung Securities Co.
Hwang is known to be formulating a plan to strengthen Woori Holding's control over the audit and personnel management of its affiliates.
The state-owned financial group is considering setting up a management diagnosis team that would evaluate the work results and job functions of subsidiary officials and employees.
The group will also expand the role of its human resources team to include personnel management for its subsidiary Woori, Kwangju and Kyongnam banks on a ...
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