Chairman Sohn Tae-seung: "Towards The Great Move for the Group's Great Leap and Giant Progress"

Woori Financial Group Holds Second Half Group Management Strategy Workshop
Executives and MZ Representative Employees Attend On-site, About 1,000 Watch via YouTube Considering COVID Resurgence
'The Great Move' Signifies a Major Leap Forward for the Group, Encouraging All Employees to Achieve Together
Emphasizes "Social Responsibility for Vulnerable Groups" and Urges "Exploration of Various Measures"

Woori Financial Group held the "2022 Second Half Group Management Strategy Workshop" on the 15th at the Vision Hall of Woori Financial Group Headquarters. Sohn Tae-seung, Chairman of Woori Financial Group, presented the slogan "The Great Move" and urged everyone to achieve a great leap and great progress together.

[Asia Economy Reporter Sim Nayoung] Woori Financial Group announced on the 17th that it held the ‘2022 Second Half Group Management Strategy Workshop’ on the 15th at the group headquarters Vision Hall, with about 200 participants including group executives and representatives of the MZ generation employees attending in person.

Considering the resurgence of COVID-19, about 1,000 employees including subsidiary department heads participated remotely via YouTube live streaming.

Having achieved full privatization at the end of last year, Woori Financial set the event slogan as ‘The Great Move’ to signify that all employees should work together for the group’s great leap forward and great advancement.

Chairman Sohn said, “Although there were many good results such as favorable financial performance in the first half, it was regrettable that customer trust was damaged. Like the old saying from Mencius, ‘Yeonggwahujin (盈科後進)’, which means when water flowing to the sea meets a puddle, it must fill the puddle and then flow again, we must thoroughly reorganize the shortcomings and start anew in the second half with a fresh mindset.”

Chairman Sohn identified three key tasks to focus on in the second half: ▲ risk management and internal control to overcome the complex economic crisis, ▲ digital innovation and ESG management critical to the group’s future, and ▲ strengthening the core competitiveness of subsidiaries and enhancing group synergy.

He added, “While management performance is important, we must fulfill the social responsibility of finance toward vulnerable groups suffering from COVID-19 and rising interest rates. I urge various subsidiaries to devise diverse measures.”

At the workshop, Executive Director Ok Iljin, who was recruited in the first half as the group’s Chief Digital Officer (CDO) for both the holding company and the bank, presented Woori Financial Group’s current digital status and roadmap. In the second part, Ryu Youngjae, CEO of Sustainvest, was invited as a special lecturer to give a lecture on ESG management in finance and corporations. Additionally, a ‘Win-Win Management Proclamation Ceremony’ was held with representatives of customers, shareholders, employees, local communities, and partner companies.

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