hana bank chief to finish his term despite disciplinary action
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Hana Bank chief to finish his term despite disciplinary action

Arab Today, arab today

Arab Today, arab today Hana Bank chief to finish his term despite disciplinary action

Seoul - Yonhap

Hana Bank, South Korea's fourth-largest lender, said Sunday its president will complete his remaining term in office despite being disciplined by state regulators for illegally providing loans to an ailing savings bank in 2011. The bank gave as reasons for the decision a pressing need to cope effectively with deteriorating business conditions and preventing managerial vacuum that can occur if Kim Jong-jun stepped down.

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