Lee Won-deok, New Woori Bank President: "We Will Focus All Capabilities and Resources on Technology and Platforms"

Inauguration Ceremony of President Lee at Woori Bank Headquarters on the 24th

President Lee Won-duk delivering his inaugural speech at the inauguration ceremony held on the 24th at Woori Bank Headquarters in Jung-gu, Seoul. Photo by Woori Bank

[Asia Economy Reporter Song Seung-seop] “We will concentrate all our capabilities and resources on technology and platforms to compete not only with existing banks but also with giant platforms and large IT companies.”

At the inauguration ceremony held on the 24th, Lee Won-duk, the new president of Woori Bank, stated, “The essence of the 4th Industrial Revolution is the collapse of boundaries, and the boundaries of finance, which was a protected industry, are also breaking down.”

The inauguration ceremony held at Woori Bank’s headquarters in Jung-gu, Seoul, was conducted simply with a minimal number of attendees according to President Lee’s wishes.

In his inaugural speech, President Lee identified the three key management keywords as ‘customers, market, and employees.’ He emphasized, “A great bank is determined by how much love it receives from how many customers,” and added, “A Woori Bank of the customers, by the customers, and for the customers is a given.”

To pursue customer-centric management, Woori Bank will implement an organizational restructuring that reduces support organizations in the headquarters and strengthens the sales division. Specifically, the bank plans to improve operational efficiency by abolishing the secretarial office and other support organizations for the bank president, while expanding field sales organizations such as the sales general division and foreign exchange.

After the inauguration ceremony, President Lee immediately visited a long-standing client in Seoul. He then visited the Suyu-dong Financial Center, one of the top branches nationwide in terms of customer visits, to encourage employees and listen to their on-site opinions.

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