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THE INVESTOR

Finance

Women overlooked for top posts in finance sector

  • PUBLISHED :March 08, 2017 - 14:06
  • UPDATED :March 08, 2017 - 14:06
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[THE INVESTOR] Women remain underrepresented in management roles at financial institutions with less than 10 percent positions held by them.

The Korean Finance and Service Workers’ Union looked at 50 state financial institutions and service providers and found that only 196 of the 2,911 department chief’s positions were held by women. 




This trend more pronounced in executive positions, with only 34 of 773 executives being women. In comparison, women account for 44 percent of the 50 organizations’ 60,000 employees.

The five state organizations -- Bank of Korea, Seoul Guarantee Insurance, Korea Securities Finance Corporation, Korea Securities Depository and Construction Guarantee -- included in the analysis had no female executive. Of the 218 executives at 11 securities companies included in the list, there was only one female.

By Choi He-suk (cheesuk@heraldcorp.com)
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