Hana Bank "Strengthening Rapid Decision-Making"... Restructuring Job Grade System

[Asia Economy Reporter Kiho Sung] Hana Bank has decided to eliminate the position of 'Jeonmu' (Executive Director) from its executive rank system and simplify it to 'Buhangjang-Sangmu' (Deputy President - Managing Director). This is a measure to promote a horizontal organizational culture and strengthen a swift decision-making system.

According to Hana Bank on the 30th, the new rank system is scheduled to be introduced starting next month. This reorganization of the rank system is an extension of the bank's team-centered organizational restructuring at the end of December last year, which simplified decision-making steps to enable faster decisions.

Previously, Hana Bank implemented a fundamental change in work methods based on the three organizational innovation principles called '3S' (Simple, Speed, Smart), reorganizing into a team-centered structure. Accordingly, the decision-making steps were simplified to 'Team Leader - Executive - CEO.'

The existing position of Jeonmu will be renamed as Buhangjang.

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