YK Hwang has only been in the job six months, but the internationally-trained banker and former CEO of Samsung Securities has big plans. Now at the helm of Woori Financial Group - after a stellar career with the Samsung Group - he wants to revolutionise the banking giant. In a wide-ranging interview, the chairman and CEO talks about Woori's privatization, why he bought LG Securities, the threat from Citigroup, and the cultural changes he believes will ensure that Woori becomes Korea's number one bank once again.
The big competitive event for Korean banks this year has been Citigroup's acquisition of Koram. How do you feel about this
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