The National Pension Service (NPS) is drawing attention over whether it will actively exercise its voting rights on corporate governance at shareholder meetings of financial holding companies later this month, market observers said Tuesday. The state-run pension fund operator is particularly under the spotlight regarding its stance on the reappointments of two chairmen — Jin Ok-dong of Shinhan Financial Group and Yim Jong-yong of Woori Financial Group. As a major shareholder of multiple listed firms, the NPS has long faced expectations from financial authorities to address corporate governance and other transparency-related agendas set by the government. This year, those expectations are heightened following President Lee Jae Myung’s criticism of management at financial holding companies a “corrupt inner circle.” The criticism was made in December 2025, when the president cited a lack of transparency in the CEO selection process, including extended or rotating tenures. At Shinhan and Woori, Jin and Yim will complete their first three-year terms at the end of March and have effecti