Lim Jong-ryong "Reviving the Prestige of Corporate Finance, Strengthening Sales Capability and Credit Screening"

"IT Governance Innovation, Entire Group Shares Consensus and Collaborates"

Lim Jong-ryong, Chairman of Woori Financial Group, stated, "To become a powerhouse in corporate finance, it is necessary to not only strengthen sales capabilities but also thoroughly establish credit screening and management measures."

On the 14th, Chairman Lim held the 'Second Half Group Management Strategy Workshop' at the headquarters in Jung-gu, Seoul, attended by about 60 people including group company representatives, strategy executives, and corporate culture representatives. He said, "Although uncertainty in the management environment persists in the second half of this year, we must achieve the financial goals for the second half based on the revival of the prestigious corporate finance brand and securing mid- to long-term competitiveness."

This meeting was the first management strategy workshop held since Chairman Lim's inauguration in March. It was organized to review the group's performance in the first half of the year and share management plans for the second half. Regarding the first half's management performance, Chairman Lim evaluated, "As domestic and international financial markets became unstable, we prioritized risk management such as maintaining the group's soundness and stabilizing capital ratios. It was a meaningful period in which Woori Financial's bold changes began, including laying the foundation for corporate culture innovation and leading win-win finance."

He also emphasized measures to strengthen digital competitiveness. He said, "Recently, a significant decision was made to switch major IT services to be directly performed by subsidiaries to enhance the group's digital and IT competitiveness," and urged, "I ask the entire group to share a consensus and cooperate in the IT governance innovation work."

A Woori Financial Group official stated, "Chairman Lim particularly emphasized the need for continuous interest and participation in corporate culture innovation, and always encouraged having strong determination to be number one with pride as a prestigious financial group," adding, "It became a pledge for a successful second half."