Woori Financial Group Wins Minister of Trade, Industry and Energy Award at the 32nd Corporate Innovation Awards

First in the Financial Sector: K-Taxonomy AI Consultation Service
Ongoing ESG Management, Including Efforts to Achieve Carbon Reduction Targets

Woori Financial Group announced that it was the only financial holding company to receive the Minister of Trade, Industry and Energy Award at the 32nd Corporate Innovation Awards ceremony, which was held on December 9 at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul.

The Corporate Innovation Awards is the largest management and ESG innovation awards ceremony in Korea, jointly organized by the Ministry of Trade, Industry and Energy and the Korea Chamber of Commerce and Industry. The event aims to discover and promote outstanding innovation cases across all industries.

This award recognizes Woori Financial Group’s high marks for company-wide management innovation through the application of AI technology and systematic ESG management practices. Woori Financial Group became the first in the financial sector to introduce the K-Taxonomy AI Consultation Service, a generative AI-based customer consultation platform called AI Banker, and its self-developed generative AI model, WooriGPT. By actively applying AI throughout all financial processes, including sales, consultation, and screening, the company has demonstrated its innovative capabilities. Notably, last month, Woori Financial Group further advanced its AI Banker service system by becoming the first in the financial sector to expand into generative AI-based subscription consultation services.

In the ESG sector, Woori Financial Group also received positive evaluations for its efforts in climate risk response and environmental impact reduction, such as developing a financial emissions measurement system to achieve SBTi carbon reduction targets, signing the first power purchase agreement (PPA) in the banking sector with Korea Water Resources Corporation, and establishing the nation’s first comprehensive climate finance information portal, the Climate Finance Portal.

A Woori Financial Group representative stated, “It is meaningful that our efforts to pursue sustainable growth through AI-based management innovation and ESG management practices have been recognized,” adding, “We will continue to expand customer-centric innovative financial services centered on our AI strategy and strive to create a better world through finance.”

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