Lee Won-duk, Woori Bank President, "Actively Promoting Commercialization of Employee Ideas"

Company Internal Contest 'Great Challenge Award' Ceremony Held

Lee Won-deok, President of Woori Bank (second from the left), is taking a commemorative photo with the winners of the in-house contest event '2022 Great Challenge Award.' (Provided by Woori Bank)

[Asia Economy Reporter Minwoo Lee] Lee Wondeok, CEO of Woori Bank, emphasized actively commercializing employees' ideas.

On the 22nd, Woori Bank announced that it held the award ceremony for the '2022 Great Challenge Award Innovation Idea Contest' the previous day. At the event, CEO Lee urged employees to continuously pursue challenges and innovation.

The 'Great Challenge Award' is an internal contest that connects employees' ideas to business commercialization. From August 30 to September 16, a total of 359 ideas were submitted under the themes of ▲creating new revenue sources ▲increasing work efficiency ▲discovering Newtro (New+Retro).

The submitted ideas underwent internal evaluation based on innovation, profitability, and business feasibility, and 6 were selected as finalists. Subsequently, a final evaluation was conducted through an online vote by executives and employees, resulting in 3 final award-winning ideas.

CEO Lee stated, "I am pleased that many employees voluntarily participated for the bank's development and proposed various ideas," adding, "Going forward, we will continue to foster a corporate culture that proactively challenges itself through the process of turning employees' ideas into business ventures."

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