JB Financial Forms Affiliate Synergy Council... Increased Work Efficiency and Reduced Costs

Kim Ki-hong, Chairman of JB Financial Group

[Asia Economy Reporter Minyoung Kim] JB Financial Group has embarked on creating synergies through the formation of consultative bodies among its affiliates.

On the 16th, JB Financial announced that it recently established and is operating divisional 'Group Synergy Consultative Bodies' that can integratively manage tasks such as investment finance, wealth management (WM), and digital strategy.

JB Financial explained that this consultative body was formed to group subsidiaries by business division and manage them integratively at the group level to maximize synergy effects. Each consultative body includes executives and department heads responsible for the subsidiaries, with a division head overseeing the consultative body.

Through this consultative body, the company plans to enhance operational efficiency of subsidiaries, reduce costs from overlapping investments, and strengthen workforce expertise.

Among the newly established consultative bodies, the investment finance division includes Jeonbuk Bank, Gwangju Bank, and JB Woori Capital. They jointly perform tasks from deal sourcing to investment analysis while sharing human networks and market information. The WM division involves experts from Jeonbuk Bank and Gwangju Bank who analyze bank customer demands and jointly select products for sale, aiming to build JB Financial’s specialized asset management sales foundation.

Additionally, the digital division is bifurcated into Digital Transformation (DT) and Digital Analytics (DA) sectors to consolidate the digital capabilities of affiliates, reduce overlapping investments, and increase the customer pool, thereby pursuing synergy effects.

A JB Financial official stated, “We plan to sequentially expand the divisions subject to the operation of synergy consultative bodies among affiliates in the future.”

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