[Alpha Biz=(Chicago) Reporter Kim Jisun] Woori Financial Group will hold an emergency board meeting to discuss the termination of the advisory contract for former chairman Son Tae-seung and former president Lee Won-deok.

In the case of former chairman Sohn, he stepped down after receiving a heavy penalty for the Lime scandal, which caused controversy as he took over as an adviser who receives hundreds of millions of won in annual salary for his former post.

According to the financial sector on the 24th, Woori Financial Group is expected to hold an emergency board meeting on the 24th to discuss ways to dismiss its former CEO adviser and improve its performance. Woori Finance held a meeting with the board of directors to discuss the board's agenda in advance. It is said that the agenda of the board of directors was not announced in advance to outside directors and other board members.

In the financial sector, it is observed that Woori Finance will vote on the dismissal of former chairman Sohn and former president Lee at the board meeting. Woori Finance has signed an advisory contract with former chairman Sohn and former president Lee with a salary of hundreds of millions of won. Sohn is said to receive 400 million won in annual salary and 10 million won in monthly business operating expenses, while Lee receives 280 million won in annual salary and 5 million won in monthly business operating expenses. Woori Finance has the practice of signing advisory contracts with retired CEO.

The problem was that former chairman Sohn was severely punished by the financial authorities for the Lime scandal. Sohn was given a reprimand warning equivalent to a heavy penalty for the Lime Fund scandal that caused the suspension of redemption worth 1.7 trillion won in November last year.

If you are severely punished by the financial authorities, you will not be able to get a new job at a financial company for three years. The former chairman Sohn's resignation after giving up his second term on the 1st of this year is also known to be due to heavy penalties for the Lime scandal. The former bank president Lee was also controversial last year over the embezzlement of 70 billion won worth of employees while in office.

 

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