Shinhan Financial Group chairman Han Dong-woo was reelected to serve his second term, the company said Thursday.

The board members of the candidacy reviewing committee reached a consensus to make Han the sole candidate for another three-year chairmanship term, Shinhan said.

Meeting with reporters, Han said he had multiple goals in mind to bring about “warm finance.”

Regaining his chairmanship, Han is facing multiple challenges next year, including the M&A competition over Kwang Ju Bank, a regional bank unit of Woori Financial Group.

Han must be approved at the general shareholders’ meeting scheduled for March 2014 to continue serving his post.

(joowonc@heraldcorp.com)