Jo Yong-byeong: "Reflect Digital Leadership in CEO Evaluations... Innovate Through Bold Challenges"

Shin Yong-byeong, Chairman of Shinhan Financial Group, is giving a 'Group CEO Special Lecture' at the Shinhan Bank headquarters in Jung-gu, Seoul on the 29th.

[Asia Economy Reporter Kim Hyo-jin] Shinhan Financial Group has decided to incorporate 'digital leadership' into the evaluation of the group's Chief Executive Officer (CEO) and executives' leadership going forward.

According to Shinhan Financial on the 30th, Chairman Cho announced this policy during the 'Group CEO Special Lecture' at the second half 'Shinhan Management Forum' held from the 27th to the 29th. This signifies a stronger push for digital innovation to respond to the rapidly changing financial environment and the 'post-COVID-19' era.

Chairman Cho stated, "Digital innovation is an uncharted path, and since in a chaotic world only leaders do not have all the answers, we must work together with members to find solutions," encouraging, "Leaders must take the lead in setting big and bold innovation goals and boldly take on challenges."

He also compared the core competencies for survival in the post-COVID-19 era to "a stronger mainstay that does not waver in any crisis" and "wheels that run smoothly on any path," urging, "We must steadfastly uphold Shinhan's founding spirit, customer-centric principles, and strong resilience while vigorously promoting digital innovation that leads Shinhan toward the future."

Along with this, Chairman Cho announced Shinhan Financial's digital code of conduct called 'L.E.A.D.'

'L.E.A.D.' stands for ▲Leadership ▲Eco-system ▲Advanced Technology ▲Developing Human Resource, meaning that all employees of Shinhan Financial should always think digital first and lead the digital innovation of Korean finance.

As the crisis caused by the novel coronavirus infection (COVID-19) continues, Shinhan Financial strengthened the group's determination to overcome COVID-19 and held the Shinhan Management Forum in the second half of the year as well, which was usually held at the beginning of each year, to prepare for the 'post-COVID-19' era.

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