Woori Financial Group held a meeting of the subsidiary CEO candidate recommendation committee on the 16th, and nominated Seong Dae-kyu (58), the head of the insurance underwriting division, as the candidate for CEO of TONGYANG Life Insurance, and Kwon Hee-pil (59), the former CEO of Shinhan Financial Plus, for the CEO position at ABL Life Insurance.
Candidate Seong joined Woori Financial Group in September last year, taking on the role of head of the insurance underwriting division and leading the acquisition efforts for Tongyang and ABL Life Insurance. A member of the 33rd National Civil Service Examination, he has held positions such as head of the insurance department at the Financial Services Commission and secretary at the Public Fund Oversight Committee. He was appointed president of the Insurance Research Institute in 2016. In 2019, he began active management activities in the financial industry as the CEO of Shinhan Life, and in 2021, he merged Shinhan Life with Orange Life, serving as the first president of the newly formed Shinhan Life.
Candidate Seong stated, "The priority is to quickly establish TONGYANG Life Insurance as a core insurance company of Woori Financial Group," adding, "I will contribute to diversifying the group’s revenue portfolio."
Candidate Kwon began his career in the insurance industry in 2001 at the ING Life Dogok branch, initially working as a financial consultant. He rose through the ranks at ING Life until it rebranded as Orange Life and merged into Shinhan Life. In 2023, he was appointed CEO of Shinhan Financial Plus, a GA subsidiary of Shinhan Life.
Candidate Kwon noted, "I will demonstrate inclusive leadership to swiftly resolve the various management issues of ABL Life Insurance, which has been in a long-term sales situation since 2016, and achieve organizational stability."
The two candidates are scheduled to begin their terms after being officially appointed at the shareholder meetings of TONGYANG Life Insurance and ABL Life Insurance, expected in early July.