Jo Byung-kyu, Woori Bank President, "Goal to be No.1 in Net Profit This Year Remains Unchanged"

Second Half Management Strategy Meeting Held, Record High Net Profit of 1.6735 Trillion KRW Achieved in First Half
Call for Tangible Results in Second Half
President Cho Urges "Work with a Mindset of Every Matter Done Perfectly"

Woori Bank announced that its goal of being the 'number one in net income' among commercial banks remains unchanged this year. Based on the record half-year net income of 1.6735 trillion KRW in the first half, the bank presented the slogan "Next Level, a higher stage" to leap forward.

On the 28th, Woori Bank held the '2024 Second Half Management Strategy Meeting' at the head office auditorium on the 26th, attended by about 460 executives and employees including President Cho Byung-kyu, pledging to exert their utmost efforts in the second half sales race with the urgency and focus of challengers.

The management strategy meeting was conducted for two hours with minimal unnecessary formalities in line with President Cho’s management style emphasizing practicality. Starting with the CEO message, the event proceeded in the order of △ key plans for the second half △ Woori employees’ commitment △ KPI awards ceremony. President Cho emphasized, "The goal of being number one in net income declared last January has not changed," and urged, "Let’s run to the end toward the bold goals in the second half."

President Cho then presented detailed plans for the second half, including △ rebuilding the corporate finance powerhouse △ enhancing personal finance competitiveness △ leveling up global business, and urged that despite the continued uncertain financial environment, practical results must be achieved through selection and concentration. In particular, he stated, "This year is especially important for Woori Financial Group," adding, "As the acquisition of securities and insurance companies begins this year, completing the entire financial group portfolio, greater growth opportunities will be given to Woori Bank as well."

He also did not omit a call for ethical awareness. President Cho stressed that all executives and employees must have a serious awareness and strong sense of responsibility for their duties to ensure that the essence of finance, ‘trust,’ is not shaken, and pledged to lead by example with the attitude of 'Mae Sa Jin Seon (每事盡善),' meaning to do one’s best in every task without neglect.

Meanwhile, the event also included a morale-boosting event for departments excelling in collaboration following the group’s IT governance reorganization in January. Woori Bank evaluated that the IT self-operating system was established within a short period, demonstrating practical achievements such as improved development speed. There was also a special award session for the 'Woori Hidden Workers' who are fulfilling their responsibilities at branches. President Cho personally encouraged outstanding employees in four categories?△ new account reporting △ re-acquisition of matured deposits △ extension of household loans △ management of retirement pension returns?by presenting them with gold rings.

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