Woori Financial Group Conducts Ethical Culture Assessment for All Employees

The view of Woori Bank Headquarters in Jung-gu, Seoul Photo by Yonhap News

Woori Financial Group will diagnose its ethical culture and develop improvement plans over two weeks starting from the 20th, targeting all employees.

Woori Financial has been assessing the health of its corporate culture annually, and this time, it added a specialized ethical culture diagnosis developed by the Woori Financial Research Institute.

The specialized diagnosis involves each affiliate's Chief Executive Officer (CEO) directly explaining the diagnosis results and improvement plans to employees, then establishing and implementing an action plan that reflects employee feedback.

In May of last year, the Research Institute established a Corporate Culture Research Office and recruited expert advisory members to incorporate overseas cases. They also collaborated with external consulting firms.

Accordingly, the company explained that it is now possible to comprehensively review corporate culture with a focus on ethics and internal control.

On the 15th, Lim Jong-ryong, Chairman of Woori Financial, said, "Creating an ethical corporate culture is a forging process that requires continuous tempering without rest," adding, "It must be pursued consistently."

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