Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP News Agency) YEON SUN HAN Journalist = Woori Bank Labor union announced legitimate participation in management with the shares of employee stock ownership association. They are planning to appoint non-executive director recommended by labor union.

In addition to Woori Bank, Hana Bank, KB Bank and Shinhan Bank is planning or considering labor director.

According to finance industry, Woori Bank employee stock ownership association changed the purpose of possession of 5.37% stock from ‘simple investment’ to ‘influence management henceforce’ through public announcement.

Currently, Wooribank ownership is composed of the biggest shareholder of KDIC(Korea Deposit Insurance Company) with 18.52% share and National Pension(9.45%), IMM PE(6%), a Private Equity with an oligopolistic shareholder, and employee stock ownership association(5.37%).

NSP News Agency/NSP TV YEON SUN HAN Journalist, hanys4017@nspna.com
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