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Woori Bank CEO Jung Jin-wan has secured a one-year extension of his term, becoming the first among the heads of Korea's five major commercial banks whose terms expire at the end of this year to win another term, the Korea Times reports. The decision comes as the financial regulator unveiled steps to boost fairness and transparency in CEO selection for bank holding firms, according to Yonhap. Korean media coverage focuses on the leadership transition context, noting that Citibank Korea recently appointed a new CEO in its first leadership change in six years, while other major banks await term decisions.