Woori Financial Group Chairman and CEO Yim Jong-yong has been nominated as the sole final candidate for the group’s top post as his first three-year term nears its end, the group said Monday. While Yim’s appointment will be confirmed at the shareholder meeting scheduled for March 2026, industry officials said he has virtually secured a second term, given the favor typically shown to the final candidate. The second tenure would last another three years, running through March 2029, and commence immediately at the end of his first term in March 2026. “The chairman was chosen as the only candidate following interviews with four contenders conducted by the executive candidate recommendation committee,” the group said. The four shortlisted candidates in early December were Yim, Woori Bank CEO Jung Jin-wan and two external candidates whose names were withheld for privacy reasons. The committee praised Yim’s success in expanding nonbanking portfolios, noting, “He successfully expanded into the securities business and acquired insurance companies.” It added, “Yim completed a compreh