Hanwha Investment & Securities Co. Ltd. announced that its shareholders approved the appointment of Yeo Seung-joo as a member of the company's board. Yeo, who currently serves as an executive for the brokerage's parent Hanwha Group, is widely considered a replacement for CEO and President Chu Jin-hyung, who recently announced that he will not seek reappointment.

Chu's tenure will end in March 2016.