Jeong promoted to Woori Card CEO
Published : 2013-01-20 20:10
Updated : 2013-01-20 20:10
Woori Financial Group senior executive director Jeong Hyun-jin has been appointed CEO of Woori Card, with the new firm to be launched in March, group officials said Sunday.
Jeong will lead the credit card firm, which is scheduled to be spun off from the financial group’s bank unit as an independent subsidiary.
Born in Uiseong, North Gyeongsang Province, in 1952, he has worked mainly for Woori Bank and Hanil Bank, a former entity of the commercial lender, for 30 years.
Though Woori Card (formerly Woori Credit Card) had been an independent subsidiary of Woori Financial, it was absorbed into Woori Bank in the wake of the 2002-2003 credit card fiasco.
The coming stand-alone credit card firm may come under spotlight after the spinoff, as policymakers are seeking to privatize the public funds-injected Woori Financial Group.