Rich Planet, Organizational Restructuring... "Transition to Agile Organization"

Simplification of Organizational Structure from 4 Levels to 2 Levels
Unified Rank System as "Nim"

[Asia Economy Reporter Ki Ha-young] Rich Planet announced on the 25th that it has simplified its organizational structure, which was previously divided into four levels (division, group, team, department), into two levels (office, unit).

This organizational restructuring was promoted to maximize Rich Planet's insurtech capabilities by creating a simple organizational structure that enables rapid decision-making. By transforming into an agile form that allows free collaboration and mutual exchange, it is expected to achieve significant synergy effects between organizations.

There were also major changes to the rank system. The current rank system, divided into employee-assistant manager-manager-deputy general manager, was completely abolished, and all titles were unified as 'nim'. With the recent strengthening of the importance of personal information protection, the existing information security organization was incorporated into the representative's direct department to elevate its status, and the department name was changed to 'Security and Compliance Unit'.

This organizational restructuring was largely influenced by the will of the CEO. CEO Han Seung-pyo led the restructuring directly, stating, "For Rich Planet to function more efficiently as an insurtech platform operator, it must have a more horizontal and free-form organizational structure."

Han Seung-pyo, CEO of Rich Planet, expressed his aspirations, saying, "We expect Rich Planet to transform into an organization that makes faster decisions and pursues creative business through the introduction of a simplified organizational structure and a horizontal rank system. We plan to continue various attempts to foster an advanced organizational culture befitting the status of a leading domestic insurtech company."

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