Woori chairman urges group-wide efforts to bolster digital services

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Tue, December 6, 2022 | 09:31

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Woori chairman urges group-wide efforts to bolster digital services

Posted : 2022-11-24 16:36

Updated : 2022-11-24 19:13

Woori Financial Group Chairman and CEO Son Tae-seung / Courtesy of Woori Financial Group

By Yi Whan-woo

Woori Financial Group Chairman and CEO Son Tae-seung has urged the chiefs of the group's affiliates to "bring together all capabilities available" to materialize the group-wide vision of becoming a global leader in digital banking service, the company announced on Thursday.

The banking group said Son urged them to do so during a recent meeting of the group's digital innovation committee.

The committee is chaired by Son and includes the CEOs and executives of the group's subsidiaries.

Son announced a vision of laying the groundwork to transform the banking group into a financial service provider that capitalizes on digital technology.

The Woori affiliates are accordingly enhancing cooperation to create synergy in their businesses.

For instance, Woori Bank and Woori Card have introduced a shared business model that combine the former's data on individual and corporate customers and the latter's payment service.

Son had presented the vision of completing the establishment of a digital-based financial group earlier this year, with the target of achieving 15 million monthly active users (MAU) on the group's platforms by 2023. The group has been making notable achievements?since then, with the MAU of Woori Won Banking, the group's major platform, reaching 7.19 million as of October, up by 1.55 million from the end of last year.

yistory@koreatimes.co.kr Article List