 Euh Yoon-dae |
Despite his reputation as a friend of President Lee Myung-bak, analysts are taking a wait-and-see attitude withholding any immediate reaction about the nomination of Euh Yoon-dae as chairman of KB Financial Group.
They say that filling the vacancy is a good thing, clearing up uncertainty about the future of Korea's leading bank, while believing that Euh's relationship with Lee may help him if he pushes KB to take over the government's controlling stake in Woori Bank when it is privatized. But some say this sort of move may turn out to be ill-advised.
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