Kwon Kwang-seok, Woori Bank President, "New Leap in Second Half with Four Major Strategies Including Digital"

Kwon Kwang-seok, CEO of Woori Bank, is speaking at the '2020 Second Half Management Strategy Meeting' held on the 17th at the Vision Hall of Woori Bank Headquarters in Jung-gu, Seoul. (Photo by Woori Bank)

[Asia Economy Reporter Kim Hyo-jin] Kwon Kwang-seok, CEO of Woori Bank, presented four major strategies for the second half of this year, including 'digital transformation,' and conveyed a message to employees that "the current crisis will become an opportunity for a new leap forward."

According to the banking sector on the 19th, CEO Kwon expressed these thoughts at the '2020 Second Half Management Strategy Meeting' held on the 17th at Woori Bank's headquarters in Jung-gu, Seoul.

Unlike previous management strategy meetings, which mainly involved briefings with branch managers nationwide, Woori Bank conducted this meeting using a hybrid online and offline method through non-face-to-face channels to prevent the spread of the novel coronavirus infection (COVID-19).

The management strategy meeting was held under the slogan "Run Again! Heart Beats! Run Together!" CEO Kwon aimed to successfully complete the Zero Base innovation, which he has been promoting since the beginning of his tenure, in the second half of the year. This reflects the intention to turn internal and external crisis situations into new opportunities for growth based on solid customer trust and a stable organizational system.

CEO Kwon held a communication session with employees under the theme of 'Generational Empathy.' He reviewed the COVID-19 situation and the first half performance, expressing gratitude to employees who, despite difficulties, prioritized customers, society, and neighbors, fulfilling their social responsibilities. Furthermore, he presented four key strategies for the second half: ▲Digital Transformation ▲Channel Transformation ▲New Normal Management ▲Risk Management.

CEO Kwon emphasized, "Rather than returning to the pre-COVID-19 era, thorough preparation is necessary for the post-COVID era characterized by untact and digitalization," adding, "Having spent the first half reorganizing the entire organization, it is now time for all employees to unite and run forward together."

Quoting the classical saying 'Baekcheokgandu Jinilbu (百尺竿頭 進一步),' CEO Kwon added, "Even in the difficult situation caused by the prolonged COVID-19 pandemic, if we take one more confident and courageous step forward, the current crisis will instead become an opportunity for Woori Bank to make a new leap."

Meanwhile, starting with this event, CEO Kwon plans to meet with branch managers nationwide, including those in provincial areas, 17 times by the end of August to expand communication with the field and share second-half strategies.

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