By Kim Jae-won
KEB Hana Bank said Monday that it had promoted 1,000 employees, seeking to integrate workers after merging Korea Exchange Bank (KEB) and Hana's IT systems last month. The combined bank employs about 30,000.
This was the largest mass promotion in Hana Financial Group's 45-year history. The promotions came to all ranks of workers ― tellers, supervisors and directors.
"We changed the paradigm of our HR policies by promoting employees for giving better profits to customers rather than based on their own performances," said Ham Young-joo, CEO of KEB Hana. "We will continue to spread our office culture focusing on the marketplace, sales and performance."
The promotions came one month after the bank integrated the IT systems of Hana Bank and KEB, completing the merger process of the two banks which started last September.
Three-quarters of the 1,000 promoted employees were from sales.
Choi Hong-sook, a private banker at the bank's Seocho Super Village branch in southern Seoul, is one of the 1,000 to be promoted. She was promoted to director from supervisor, thanks to her customer-first policy. Choi's customers enjoyed about triple the profits compared to clients advised by her colleagues.
Kim Jung-mi, an assistant teller at KEB Hana's Chuncheon Plaza branch in Gangwon Province, was promoted to associate teller due to her excellent sales performance. She sold more than 400 credit card accounts last year, followed by 250 in the first half of this year.
Kim joined KEB as a contract teller in 2003, straight out of high school. She was given a permanent contract in 2012.
Twenty-eight IT workers were also included in the promotions as they helped the bank integrate the two lenders' IT systems. KEB Hana completed the integration project nine months after its merger, paving the way for the two to come together as one bank.
KEB Hana said that it is working toward true integration by exchanging workers of KEB and Hana.
"We plan to mix up employees from the two banks to let them get to know each other and boost efficiency between them," said a bank spokesman.
Previously, KEB had specialized in foreign exchange and trade finance services while Hana's strengths were in private and retail banking services. Hana Financial Group, Hana Bank's holding company, bought KEB's controlling 51 percent stake from U.S. private equity Lone Star Funds for 3.9 trillion won ($3.4 billion) in 2012.
KEB Hana Bank said Monday that it had promoted 1,000 employees, seeking to integrate workers after merging Korea Exchange Bank (KEB) and Hana's IT systems last month. The combined bank employs about 30,000.
This was the largest mass promotion in Hana Financial Group's 45-year history. The promotions came to all ranks of workers ― tellers, supervisors and directors.
"We changed the paradigm of our HR policies by promoting employees for giving better profits to customers rather than based on their own performances," said Ham Young-joo, CEO of KEB Hana. "We will continue to spread our office culture focusing on the marketplace, sales and performance."
The promotions came one month after the bank integrated the IT systems of Hana Bank and KEB, completing the merger process of the two banks which started last September.
Three-quarters of the 1,000 promoted employees were from sales.
Choi Hong-sook, a private banker at the bank's Seocho Super Village branch in southern Seoul, is one of the 1,000 to be promoted. She was promoted to director from supervisor, thanks to her customer-first policy. Choi's customers enjoyed about triple the profits compared to clients advised by her colleagues.
Kim Jung-mi, an assistant teller at KEB Hana's Chuncheon Plaza branch in Gangwon Province, was promoted to associate teller due to her excellent sales performance. She sold more than 400 credit card accounts last year, followed by 250 in the first half of this year.
Kim joined KEB as a contract teller in 2003, straight out of high school. She was given a permanent contract in 2012.
Twenty-eight IT workers were also included in the promotions as they helped the bank integrate the two lenders' IT systems. KEB Hana completed the integration project nine months after its merger, paving the way for the two to come together as one bank.
KEB Hana said that it is working toward true integration by exchanging workers of KEB and Hana.
"We plan to mix up employees from the two banks to let them get to know each other and boost efficiency between them," said a bank spokesman.
Previously, KEB had specialized in foreign exchange and trade finance services while Hana's strengths were in private and retail banking services. Hana Financial Group, Hana Bank's holding company, bought KEB's controlling 51 percent stake from U.S. private equity Lone Star Funds for 3.9 trillion won ($3.4 billion) in 2012.
