Woori Financial Group Builds 'Group Joint Cloud' Platform

[Asia Economy Reporter Kim Hyo-jin] Woori Financial Group announced on the 1st that it has established a ‘Group Shared Cloud’ platform as part of the group’s digital innovation initiative.

The Group Shared Cloud is a shared IT resource management platform that integrates individual systems of subsidiaries such as Woori Bank, allocates IT resources like servers and networks only as needed, and recovers them after use so that surplus resources can be reused by group companies. It is essential for digital innovation.

Woori Financial Group expects to accelerate the group’s digital innovation by applying the Group Shared Cloud to new projects starting this year, enhancing group IT synergy and strengthening IT operational efficiency.

Son Tae-seung, chairman who is directly leading the group’s digital transformation, previously emphasized that the cloud construction is a key element in promoting the group’s digital transformation. He also selected it as a core task at the Group Digital Innovation Committee and personally oversaw the complex interests among group companies and the entire process from project initiation to completion.

A Woori Financial Group official said, “The demand for cloud services within subsidiaries such as Woori Bank is increasing in various ways,” adding, “We will rapidly introduce multi-hybrid clouds linked with local zones for each group company, PaaS (Platform as a Service), SaaS (Software as a Service), and external clouds.”

The official added, “Through this, we will solve the group’s accumulated digital innovation tasks and maintain an advantage not only over other financial companies but also in competition with big tech companies.”

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