SGI Seoul Guarantee "Will Achieve 3 Trillion Won in Insurance Premiums by 2030"

New Vision 'WITH SGI' Initiative

SGI Seoul Guarantee Insurance headquarters building exterior. Photo by SGI Seoul Guarantee Insurance

SGI Seoul Guarantee Insurance announced its financial goals to achieve 3 trillion KRW in insurance premiums and 600 billion KRW in net profit by 2030 while promoting its new vision framework, ‘WITH SGI.’

According to SGI Seoul Guarantee Insurance on the 23rd, since CEO Lee Myung-soon took office in January this year, she has intensively communicated with employees for about 100 days to assess the current status of SGI Seoul Guarantee Insurance and diagnose the direction to move forward.

Based on communication with employees, the announced vision of SGI Seoul Guarantee Insurance is "WITH SGI, Your Best Credit Partner." 'WITH' represents SGI Seoul Guarantee Insurance’s commitment to co-growth with various stakeholders and its 'core strategies,' while 'SGI' stands for the English initials of Seoul Guarantee Insurance and the 'core values' that employees should embody. 'Your Best Credit Partner,' a vision used since 2012, encapsulates the aspiration to continue the legacy of SGI Seoul Guarantee Insurance growing together with the public.

Looking into the individual meanings, 'W' in 'WITH' (Withstand Volatility) is a profitability pursuit strategy proposing proactive profit and loss management to maximize shareholder value, enhancing portfolio stability, and strengthening underwriting and risk management capabilities. 'I' (Inspire Customers) is a customer strategy aiming to provide differentiated experiences and services by organizing products and channels in a market-friendly way and improving work processes through successful digital transformation. 'T' (Think Tomorrow) is a sustainable management strategy with plans to establish a robust internal control system and practice ESG management to become a company where future generations want to work and a socially trusted enterprise. 'H' (Highlight Potential) is a growth strategy aspiring to create unprecedented business models with new partners and unleash infinite potential through entry and nurturing of promising markets.

Each letter of 'SGI' represents Specialty, Growth, and Interaction. Based on the expertise (S) to provide the best guarantee services that meet customer demands, SGI Seoul Guarantee Insurance emphasizes the unified mindset and work attitude of its members to continue challenges for growth (G), communicate (I) with various parties, share opinions, and seek better directions.

CEO Lee stated, "SGI Seoul Guarantee Insurance will steadily implement the WITH strategy and continue to grow on a stable financial foundation," emphasizing, "Through this, we will grow together with shareholders, customers, society, and various partners, contributing to spreading the values of coexistence and mutual prosperity in our society."

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