Chairman Im Jong-ryong, who wrote a letter to employees, says "It pains me that organizational trust is low"

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Lim Jong-ryong, Chairman of Woori Financial Group, addressed employees saying, "It is very painful to hear that there is an analysis showing low trust from executives and staff towards the company."

On the 19th, Chairman Lim said this in a message sent to all Woori Financial employees, adding, "The most important thing is the hearts of the executives and staff, more than the market or customers. Solving this issue is the most important task."

A letter sent by Lim Jong-ryong, Chairman of Woori Financial Group, to employees via the company messenger on the 19th

He also expressed affection by emphasizing his past connection with Woori Financial. Chairman Lim stated, "I was in public service handling the merger of Commercial Bank and Hanil Bank, and as Chairman of the Financial Services Commission, I was involved in the privatization of Woori Financial," emphasizing, "All of this was not coincidence but inevitability."

He praised, "From the outside, Woori Financial is a prestigious financial institution quietly fulfilling its role for our society, with a history as the first bank established with national capital, and it has cohesion that steps forward whenever the country faces a crisis." He then added, "Let's face change together. I will lead the way."

Chairman Lim, who began his term on the 24th of last month, has consistently emphasized 'organizational reform' since his appointment. To this end, he carried out a large-scale organizational restructuring and personnel changes even before his inauguration. The selection of a successor president for Woori Bank, the core subsidiary, is also underway. A new 'management succession program' will be introduced to follow an objective and comprehensive verification process. Additionally, since his inauguration, he has publicly expressed his intention to acquire a securities company, indicating an expansion of the non-bank portfolio.

Expectations for 'Lim Jong-ryong-style' innovation at Woori Financial are also evident within the financial authorities. An official from the financial authorities said, "Since Chairman Lim's inauguration, internal reorganization seems to be going well, so Woori Financial is expected to show a different appearance from before."

[Image source=Yonhap News]

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