"From CEOs to Job Seekers"... Financial Sector Also Immersed in 'Clubhouse' Craze

Vice Chairman Jung Tae-young of Hyundai Card Creates Clubhouse Chat Room to Communicate with the Public
Seong Dae-gyu, CEO of Shinhan Life, and Heo Jeong-su, CEO of KB Life, Also Join Clubhouse
Popular Among Job Seekers in Financial Sector and Financial Public Enterprises Seeking Information

Jung Tae-young, Vice Chairman of Hyundai Card, Clubhouse Page

[Asia Economy Reporter Song Seung-seop] "Vinyl & Plastic (V&P) might actually be a failure case. The Taiwanese bookstore Cheongpin, which inspired us, is open 24 hours, but considering the characteristics of Itaewon, we tried to operate until 2 a.m., but not many people came as expected. (laughs)"

This is a story recently shared by Chung Tae-young, Vice Chairman of Hyundai Card, to users of the voice chat platform ‘Clubhouse.’ It is a space he personally created to communicate with an unspecified number of employees and citizens about Hyundai Card’s management philosophy and values. The chat room was named ‘Why Hyundai Card Creates Spaces.’ In this place ‘designed’ by Vice Chairman Chung himself, as many as 7,700 people listened to his story. A conversation with a participant who identified as a former Hyundai Card employee also became a hot topic.

Vice Chairman Chung reportedly ‘entered’ Clubhouse upon the invitation of singer Choi Si-won. He revealed on his Facebook, "I thought I would just look around, but I was surprised by the uniquely smooth and sophisticated user experience (UX), so I am studying it with great interest."

The audio-based social networking service (SNS) Clubhouse, which has recently gained popularity, is also causing a sensation in the financial sector. From CEOs of financial companies to job seekers aspiring to enter financial institutions, many people regardless of status or affiliation are gathering, and it is emerging as a new communication platform within the financial industry.

According to the financial sector on the 12th, Shin Dae-kyu, CEO of Shinhan Life Insurance, joined Clubhouse last month upon recommendation from his company’s employees, and Heo Jeong-su, CEO of KB Life Insurance, was also confirmed to have joined the Clubhouse craze. Yoon Ho-young, CEO of Kakao Bank, also joined Clubhouse and started communicating with employees.

Clubhouse, which allows conversations by voice, was developed in March last year by Rohan Seth, a former Google employee, together with Silicon Valley entrepreneur Paul Davidson. The number of users increased as it became known that Elon Musk, CEO of Tesla, and Mark Zuckerberg, CEO of Facebook, actively use it.

"Get Information from Insiders"…Financial Sector Job Seekers Also Interested in Clubhouse

Clubhouse is also attracting high interest among job seekers. It is because they can directly hear practical experiences and on-site stories from employees of financial companies and financial public enterprises, which are known to be particularly difficult to obtain employment information from. Some users regularly open chat rooms related to financial sector employment and job introductions by utilizing their own networks. The number of participants ranges from hundreds to thousands.

Kim Seong-hwan (28, pseudonym), who is preparing for employment in the financial sector, entered a chat room on the 5th where foreign bank employees gathered. When Kim asked, "I heard financial companies place a lot of emphasis on academic background and experience; are there cases of people getting hired despite lacking these?" a current employee replied, "There are, but it varies by job category, and industry experience plays a more important role in practical interviews than in documents, so I definitely recommend gaining it."

Recently, Mickey Jung, former Google executive, directly invited experts in corporate finance, mergers and acquisitions (M&A), private equity (PE), and venture capital (VC) investment to Clubhouse for a Q&A session with an unspecified audience, attracting attention. Hundreds of participants asked questions about the financial industry and employment at Google and foreign companies. One user who joined at the time evaluated, "It was good to be able to openly ask questions that people who want to work in finance usually find difficult to ask, to people who are hard to meet."

Domestically, Toss also used Clubhouse to communicate with prospective applicants. When Toss announced recruitment for the first quarter and employees including CEO Lee Seung-geon opened a chat room titled ‘A Place Where People Working at Toss Gather,’ more than 400 users flocked. A Toss official explained, "The purpose was to resolve questions through Clubhouse while conducting recruitment."

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