Shinhan Life "We Will Leap to Industry TOP2"

Holding a Management Strategy Meeting

On the 11th, at the 2023 Management Strategy Meeting held in the main auditorium of Shinhan Life Headquarters in Jung-gu, Seoul, Park Kyung-won, Head of the Finance Group, is presenting the core financial strategy. (Photo by Shinhan Life)

[Asia Economy Reporter Minwoo Lee] Shinhan Life has set a goal to enter the top 2 in the industry this year.

On the 12th, Shinhan Life held a management strategy meeting at its headquarters in Jung-gu and announced this policy.

At the meeting, Shinhan Life announced four core strategies: ▲ Fundamental competitiveness innovation ▲ Realizing substantial results in future growth engines ▲ Implementing sustainable management ▲ Building a communication-centered work environment.

First, based on the 'Business Innovation' strategy being actively pursued this year, the company will secure new contract service margins by enhancing fundamental sales capabilities. In addition, while continuing value-based management, it plans to implement a debt management strategy that responds to changes in the financial market based on industry-leading financial soundness.

Park Kyung-won, Head of the Finance Group, stated that amid the continuously worsening internal and external management environment, they will promote key financial strategies such as ▲ innovation of insurance sales structure ▲ stabilization of management control system following the introduction of IFRS17 ▲ advancement of capital strategy to generate profits on a stable foundation.

Lee Young-jong, CEO of Shinhan Life, said, "We will become the best insurance company in all aspects including profitability, efficiency, growth, customer trust, and employee satisfaction," adding, "To this end, we will spare no support and effort to ensure that the main management strategies mesh together like gears."