Citing The Korea Herald, Woori Financial Group announced that the group's subsidiary CEO nomination committee has approved the nomination of Woori Bank CEO Jung Jin-wan for a one-year term extension, citing improvements in capital ratios and the expansion of the customer base. The proposal, which would extend his term—currently expiring at the end of the year—to December 31, 2027, is still subject to final approval at a general shareholders' meeting to be held later in November.