Banks, Cards, and Capital Companies Collaborate... Woori Financial Group Establishes Joint Sales System
Strengthening Group Competitiveness and Aiming for Synergy Effects
Targeted for Application in the Second Half of the Year
[Asia Economy Reporter Minwoo Lee] Woori Financial Group is establishing a joint sales system among six group companies, including its bank, card, and capital businesses. The strategy aims to enhance collaboration within the group to achieve various synergy effects.
On the 24th, Woori Financial Group announced that it will build this 'Group Joint Sales System' together with six group companies: Woori Bank, Woori Card, Woori Financial Capital, Woori Comprehensive Financial, Woori Asset Trust, and Woori Financial Savings Bank.
Through the new system supporting joint sales among subsidiaries, the group plans to address the shortcomings of the existing system and maximize synergy effects when expanding the group portfolio to include securities, insurance, and other sectors in the future.
By strengthening the collaboration foundation among group companies, it is expected not only to create synergies but also to enhance the competitiveness of subsidiaries.
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A Woori Financial Group official explained, "We established the implementation plan through a Group Joint Participation Task Force Team (TFT) and plan to apply the system in the second half of this year. Considering the possibility of expanding the group portfolio with new subsidiaries, we will build an integrated system that facilitates easy linkage."
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