Shinhan Financial Group Holds 'Shinhan Management Forum'... Announces Slogan and Strategic Tasks

2023 Shinhan Financial Forum Held... Attended by Cho Yong-byeong, Jin Ok-dong, and Others

[Asia Economy Reporter Yu Je-hoon] Shinhan Financial Group has presented its New Year's management slogan as 'Breakthrough 2023, Change and Leap.' Additionally, it announced seven strategic tasks to secure sustainable growth and leadership in the future of the financial industry.

Shinhan Financial announced on the 3rd that it held the '2023 Shinhan Management Forum' on the 2nd at the Shinhan Bank Training Center located in Yongin, Gyeonggi Province. About 260 executives from all group companies, including Chairman Cho Yong-byeong and the next appointed chairman Jin Ok-dong, attended the forum.

At the forum, Shinhan Financial presented the management slogan for this year along with seven strategic tasks: ▲ No.1 growth rate in senior and youth customer segments ▲ Establishment of top-level capital market and global domestic foundations ▲ Achieving digital to value through customer experience innovation ▲ Securing balanced human competitiveness ▲ Promoting Asia’s leading Environmental, Social, and Governance (ESG) financial group ▲ Proactive risk management ▲ Efficient growth grounded in fundamentals.

Chairman Cho, who delivered the lecture, emphasized, "With the triple challenges of high interest rates, high inflation, and high exchange rates, along with global low growth and other external and internal adversities, Shinhan Financial’s future faces a zero visibility." He added, "In such circumstances, there is no future for a company that rests on past achievements. To survive, we must change; to remain complacent is to die (變卽生 停卽死)." He then introduced the direction called 'Shinhan 2030 1·3·5,' which includes ▲ No.1 in positive influence ▲ 30% global profit ratio ▲ 50% non-bank profit ratio, and the execution system 'One Shinhan,' which encompasses ▲ strengthening expertise ▲ streamlining management ▲ creating synergy.

Regarding this, the appointed chairman Jin urged, "Since Chairman Cho has completed a comprehensive financial portfolio and solidified the status of a leading financial group, let us juniors achieve the goal of being No.1 in positive influence by enhancing the value of all stakeholders through change and leap."