Woori Financial Group Obtains ISO 37301 International Certification for Compliance Management System

Strengthening Internal Controls for Employees and Motivating Compliance Management

Woori Financial Group has become the first in the domestic financial sector to officially obtain certification for the international standard of compliance management systems (ISO 37301). On the 21st, Son Tae-seung, Chairman of Woori Financial Group (left), and Hwang Eun-joo, Director of the Korea Management Certification Institute, posed for a commemorative photo at the Woori Financial Group headquarters in Jung-gu, Seoul. Photo by XXX

[Asia Economy Reporter Jin-ho Kim] Woori Financial Group announced on the 23rd that it has officially obtained ISO 37301 certification, an international standard for compliance management systems.

At the certification awarding ceremony held on the 21st at Woori Financial Group headquarters in Jung-gu, Seoul, Hwang Eun-joo, CEO of the Korea Management Certification Institute, Son Tae-seung, Chairman of Woori Financial Group, Lee Won-duk, Senior Vice President of Woori Financial, and Woo Byung-kwon, Compliance Officer of Woori Financial, attended.

ISO 37301 is an international standard for compliance management established by the International Organization for Standardization (ISO) in April. It requires various tasks necessary to establish, maintain, and improve an effective compliance management system within the organization for all employees, including the governing body.

Obtaining ISO 37301 certification is significant in that it establishes a system to identify and monitor potential compliance risks during work based on an understanding of the importance of compliance management, thereby preventing risk factors in advance. It can also be used as objective verification data for Woori Financial’s future compliance management activities.

Chairman Son said, “This has become an opportunity to reorganize all related tasks again with the goal of spreading a culture of compliance management and securing corporate competitiveness,” adding, “Performing tasks according to international standard procedures along with ESG (Environmental, Social, and Governance) management principles will be the foundation for Woori Financial’s sustainable growth.”

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