Son Tae-seung, Chairman of Woori Financial Group, Holds Executive Workshop... "Thorough Performance-Based Approach"

On the 28th, Chairman Sohn Tae-seung and the group executives held an executive workshop in the conference room at Woori Financial Headquarters. Photo by Woori Financial Holdings

[Asia Economy Reporter Song Seung-seop] Sohn Tae-seung, Chairman of Woori Financial Group, convened the management team on the 28th to hold an 'Executive Workshop.'

This workshop was held immediately after the shareholders' meeting on the 25th, where the bank president and group executives were confirmed. It is said to have been organized to demonstrate a strong commitment to enhancing corporate value in the market. Chairman Sohn has consistently emphasized speed management.

On this day, Chairman Sohn received reports on the first-quarter performance and second-quarter business plans from the CEOs of each subsidiary. They discussed key group-level strategies such as digital transformation and ESG (Environmental, Social, and Governance) management.

Park Hwa-jae, the newly appointed president in charge of Group Business Support, reported plans to maximize group synergy outcomes and strengthen group cohesion. Jeon Sang-wook, the new president responsible for Future Growth, mentioned the group's future vision linked to digital and plans to strengthen strategic IR. Ok Il-jin, Executive Director and Chief Digital Officer (CDO) of the group and bank, outlined measures to enhance platform competitiveness, including differentiated specialized platforms and digital universal banking. Chairman Sohn urged, "Please accelerate the pursuit of differentiated 'emergent innovation' in the digital sector, distinct from other financial groups and big tech companies."

Regarding ESG, Park Jong-il, Vice President of the Group Strategy Division, proposed initiatives including ▲climate risk response ▲promotion of environmental management ▲expansion of ESG finance ▲strengthening social contribution ▲diversity-respecting leadership programs. Chairman Sohn also requested that all subsidiary CEOs take the lead in ESG management to become the top domestic company leading the global financial sector in ESG.

Concluding the workshop, Chairman Sohn stated the future personnel direction: "While strictly adhering to the principle of performance-based management, we will further expand the autonomy of each subsidiary and strengthen talent management so that more subsidiary personnel can grow into executives."

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