According to Yonhapinfomax, on November 13, Woori Finance Group will decide on CEO Jung Jin-wan's one-year reappointment without conducting a candidate shortlisting or compression process—a procedure that differs significantly from other major South Korean financial groups.

Unlike KB Financial, Shinhan Financial, and NH Nonghyup Financial, which maintain longlist and shortlist procedures and evaluate current executives alongside external candidates, Woori Finance first assesses whether the sitting CEO should be reappointed before considering alternatives. In 2021, the group completed qualification setting, candidate selection, and final recommendation within two hours on the same day. Financial regulators have expressed concern about the fairness and transparency of such streamlined procedures, noting they may increase holding company influence over executive selection. The Finance Ministry plans to examine whether Woori's process meets governance standards for public financial institutions.

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