“New Finance · Trusted Partner” DGB Financial’s Mid-term Vision Unveiled

2024 New Year's Kickoff Ceremony Held

DGB Financial Group announced on the 2nd that it held the 2024 opening ceremony with all employees of its affiliates.

The company established a new mid-term vision and management strategy goals to reset its growth strategy in line with the transition of its core affiliate, DGB Daegu Bank, to a commercial bank. The new mid-term vision, "New Finance, Trusted Partner," embodies the commitment to become a reliable partner in win-win finance that realizes the value of "together" with stakeholders by providing better services focused on profitability and efficiency.

To realize this vision, the mid-term management strategy goal was set as "Shin.Ba.Ram. The New Wind of Finance." It presented three major tasks: "Exciting Finance" that realizes happiness for all, "Right Finance" trusted by everyone, and "Distinctive Finance" that achieves solid growth with differentiated value.

Kim Tae-oh, Chairman of DGB Financial Group, and new employees are taking a commemorative photo during the breakfast kick-off ceremony on the 2nd.
[Photo by DGB Financial Group]

Tae-oh Kim, Chairman of DGB Financial Group, said, "'Exciting Finance' means implementing win-win finance to realize the happiness value of customers, shareholders, and society, while strengthening organizational and human capabilities through establishing the corporate culture 'iM C.E.O' to respond quickly to changes and promote efficient innovation."

He continued, "'Right Finance' means establishing sound management through strengthening internal controls and internalizing risk management, and demonstrating ESG management leadership to build a foundation for sustainable growth. In particular, we will do our best to strengthen responsible management by introducing an executive accountability structure, manage soundness indicators such as loan loss cost ratio and delinquency rate, protect consumers by preventing unsound business and incomplete sales, and implement the Net-Zero strategy," he emphasized.

He added, "'Distinctive Finance' aims to enhance core competitiveness in capital efficiency and organizational productivity through selection and concentration, strengthen digital platforms, enhance competitiveness in digital/global sectors through entry into advanced global capital markets, and pursue group synergy and brand value enhancement. Through this, we will realize steady profit growth of major affiliates and strengthen the foundational capabilities to increase the self-sustainability of general affiliates," he said.

Finally, Chairman Kim expressed his expectations for DGB Daegu Bank’s application for conversion to a commercial bank this year. He said, "2024 holds greater hope and expectations than ever before with DGB Daegu Bank’s application for conversion to a commercial bank, and it will be a historic year."

Meanwhile, the opening ceremony also included a breakfast gathering with new employees, marking the first time in four years that all affiliates gathered. Chairman Kim, holding company executives, affiliate CEOs, and one new employee from each affiliate participated and shared rice cake soup to mark the start of the new year.

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