Son Tae-seung "Digital Sector, Bold Support at Big Tech Level"

Woori Financial Group held a "Digital Innovation Town Hall Meeting" on the 8th at the Woori Financial Digital Tower located in Jung-gu, Seoul. Sohn Tae-seung, Chairman of Woori Financial Group, and executives and employees of its subsidiaries are conducting a non-face-to-face video conference.

[Asia Economy Reporter Kim Hyo-jin] Woori Financial Group held a 'Digital Innovation Townhall Meeting' on the 8th at Woori Financial Digital Tower in Jung-gu, Seoul, and announced on the 10th that it will provide bold support for personnel and budget in the group's digital division, similar to big tech (large information and communication companies).

About 50 executives and employees, including Sohn Tae-seung, Chairman of Woori Financial Group, and Kwon Kwang-seok, President of Woori Bank, participated in the townhall meeting remotely.

Earlier, in May last year, Chairman Sohn declared 'Digital First, Change everything' as the group's digital vision, launched the Digital Innovation Committee, and personally took the position of chairman to oversee the group's digital innovation. This townhall meeting was also held based on Chairman Sohn's idea to openly discuss and resolve on-site difficulties at the beginning of the year to achieve groundbreaking results this year.

Chairman Sohn urged, "To become number one in digital, all executives regardless of affiliation must radically change their mindset and provide full support for successful digital innovation."

The meeting was conducted by discussing all obstacles to digital innovation and having the responsible executives come up with solutions on the spot. When the digital organization requested autonomy in budget and personnel management, Chairman Sohn ordered, "Within the scope of internal regulations and legal issues, come up with bold solutions at the level of big tech," and related executives proposed solutions immediately, engaging in nearly two hours of discussion.

Kwon Kwang-seok, President of Woori Bank, said, "Digital innovation is the group's top priority mission this year," and added, "Woori Bank will also set 'Digital First, Digital Initiative' as its management goal to successfully support the group's digital innovation."

Chairman Sohn urged executives and employees, "Now that the obstacles to successful digital innovation have been organized, please achieve groundbreaking results in the first half of this year," and stated, "As the first half passes, we will closely evaluate the group's digital innovation in terms of financial and non-financial performance, including customer, employee, and external survey assessments."

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