Woori Financial Group Launches Digital Innovation Organization 'Red Team'

Chairman Sohn Tae-seung (center) of Woori Financial Group is taking a commemorative photo with the Red Team employees.

[Asia Economy Reporter Kim Hyo-jin] Woori Financial Group announced on the 22nd that it has established a digital innovation organization called the "Red Team," composed of practical personnel from the digital and IT departments of major group companies. The Red Team began its activities by attending the Group Digital Innovation Subcommittee meeting simultaneously with its inauguration ceremony.

At the inauguration ceremony, Chairman Sohn Tae-seung stated, "Correct decisions are generated from the clash of opposing opinions, and what we need is not consensus but disagreement," adding, "Agenda items approved unanimously should be reviewed again after sufficient time." Chairman Sohn also urged, "Please consider eliminating errors from opposing perspectives in response to unidirectional organizational logic and support optimal decision-making."

The Red Team consists of deputy general managers and managers with proven excellent skills and practical experience in the digital and IT departments of Woori Financial Holdings, Woori Bank, Woori Card, and Woori FIS.

The Red Team is responsible for expressing opinions on key agenda items of the weekly Digital Innovation Subcommittee meetings and directly delivering vivid opinions from the perspective of practical personnel on major issues in the group’s digital division, rather than refined reports.

Meanwhile, under the leadership of Chairman Sohn, Woori Financial Group recently relocated the digital departments of each group company to the Woori Financial Digital Tower and established a digital office, thereby creating the "Group Digital Headquarters."