2024 Shinhan Management Forum Held: "Thorough Internal Control and Risk Management"

Shinhan Financial Group announced on the 4th that it held the ‘2024 Shinhan Management Forum’ at Shinhan Bank Blue Campus in Yongin-si, Gyeonggi Province, with about 300 attendees including Chairman Jin Ok-dong and executives and heads of all group companies.

The morning session began with an objective diagnosis of the competitive landscape of the Korean financial market and the current status of Shinhan Financial. Discussions were also held on how to integrate artificial intelligence (AI), the core competitiveness of future finance, into Shinhan’s digital strategy, along with topics on ‘internal control and consumer protection’ and ‘risk management.’

In the afternoon session, under the theme of this year’s management slogan, ‘Breaking the existing mold, First-class (一流) Shinhan,’ presentations and discussions were held by CEOs of major group companies on practical and collaborative strategies across the group’s business sectors.

Shinhan Bank President Jeong Sang-hyeok presented a retail business promotion strategy based on collaboration among group companies to provide integrated solutions to customers amid the current situation where boundaries between industries are disappearing due to digital advancement. Shinhan Card President Moon Dong-gwon proposed future customer acquisition strategies to respond to the rapid growth of the digital simple payment market, along with pay market response and collaboration strategies through group joint projects and linked services.

Shinhan Investment Corp. President Kim Sang-tae announced business expansion and collaboration strategies targeting the capital market and large corporations, while Shinhan Life Insurance President Lee Young-jong emphasized the necessity of group-level collaboration in insurance and asset management businesses.

Chairman Jin summarized by stating, “The DNA that has created today’s Shinhan?‘Fighting Spirit, Teamwork, and Jung-in Spirit’?can ultimately be summarized by the word ‘desperation.’ Let us once again remember the desperation for survival from the early days of the organization’s birth.”

Chairman Jin also explained ‘Gungri (窮理),’ meaning ‘deep thinking and research in one’s mind,’ and said, “I ask all Shinhan Financial employees to uphold the ‘ethics of business,’ thoroughly implement internal control and risk management, which are the group’s top strategic tasks, and for leaders including management to take the lead as the main agents of ‘Gungri.’”

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