NongHyup Bank Also Implements Remote Work... "Prevent Headquarters Paralysis"

Starting Remote Work from the 28th Due to COVID-19 Spread... Divided into 4 Teams, Each Working from Home for One Week

On the 24th, as concerns over the spread of COVID-19 grow, citizens wearing masks are commuting at the Gwanghwamun intersection in Seoul. Photo by Mun Ho-nam munonam@

[Asia Economy Reporter Haeyoung Kwon] As the novel coronavirus infection (COVID-19) rapidly spreads, NH Nonghyup Bank is also shifting to a work-from-home system for its head office staff. They plan to divide the head office personnel into four groups, with up to 30% working from home, preparing for the worst-case scenario of a head office closure.

According to Nonghyup Bank on the 27th, starting from the 28th, all employees of the central headquarters and sales headquarters will work from home. Considering essential personnel at each office, they will form four groups within 30% of the total staff, rotating weekly (5 business days) to work from home.

IT personnel are included in the work-from-home group, while branch employees are excluded. During work-from-home periods, employees are required to maintain work readiness such as being available by phone, and personal outings will be prohibited.

A Nonghyup Bank official explained, "This is a preemptive preventive measure to ensure business continuity of the entire bank in case of emergencies such as the closure of the central headquarters," adding, "The central headquarters formed work-from-home groups considering the deputy relationships so that separated work at alternative workplaces can be sustained."

Banks have begun work-from-home arrangements one after another to prepare for the worst-case scenario of head office closures due to the spread of COVID-19. In fact, Woori Bank temporarily closed the basement level 1 of its head office the day before after a confirmed COVID-19 case visited.

Shinhan Bank organized groups of 4 to 5 employees at the head office to work from home, and Kookmin Bank also started a work-from-home system for about 15% of its head office staff from that day.

This content was produced with the assistance of AI translation services.