Jin Okdong: "The Essence of Future Finance Lies in Consumer Protection and Productive Finance"

Jin Okdong Shares Vision for 2040 at Shinhan's 24th Anniversary Talk Concert
Emphasizes the Essence of Future Finance: Safeguarding Assets and Realizing Altruistic, Productive Finance
Highlights the Importance of Trust and Advanced Consumer Protection Technologies

"The essence of future finance lies in safeguarding customers' assets and realizing altruistic, productive finance."

Jin Okdong, Chairman of Shinhan Financial Group, is answering questions from employees during a talk concert commemorating the 24th anniversary of the founding, held on the morning of the 1st at the Shinhan Financial headquarters in Jung-gu, Seoul. Provided by Shinhan Financial

Jin Okdong, Chairman of Shinhan Financial Group, emphasized this point during a talk concert held on September 1 to commemorate the 24th anniversary of the group's founding, attended by the CEOs of group affiliates and employees of the holding company.

The event, held in the morning at Shinhan Financial headquarters in Jung-gu, Seoul, was themed "The Future of Finance in 2040 as Envisioned by Shinhan." Chairman Jin personally answered employees' questions, sharing his philosophy on topics such as changes in future customers and society, prospects for the competitive environment, strengthening employees' capabilities, and innovative business models.

When asked about "how Shinhan can continue to earn trust in the future," Chairman Jin stated, "Trust is not momentary, but the accumulation of actions from the past, present, and future," adding, "In the age of AI, it is important to develop the ability to protect the assets of individuals and companies and to provide a foundation for the future."

He also stressed the need to advance consumer protection technologies. Chairman Jin said, "Financial companies must secure differentiated stability through future technologies such as blockchain, and enhance technologies for consumer protection to prevent voice phishing, misselling, and financial fraud." He added, "These efforts and achievements will serve as the standard for differentiation that will allow Shinhan to continue earning trust in the future."

In response to a question about the essence of finance amid changes in the future competitive environment, he replied, "It is about keeping customers' assets safe and distributing benefits for the public good." Chairman Jin said, "We must realize productive finance that actively fulfills an altruistic role by benefiting all parties involved in the flow of funds for growth, thereby fostering the growth of our society."

Meanwhile, since 2023, Shinhan Financial has simplified its anniversary events and donated the resulting savings to charitable activities. This year, with the addition of voluntary donations from employees, the company provided educational devices such as tablet PCs worth 40 million won to support young people preparing for independence.

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