Our Financial Group Accelerates Transition to Comprehensive Financial Group... Lim Jong-ryong: 'Customer Expansion is the Starting Point for Future Growth'

Our Financial Group is accelerating its transition to a comprehensive financial group structure by integrating securities and insurance subsidiaries. The strategy focuses on expanding a group-wide customer base, enhancing non-banking competitiveness, and elevating long-term growth potential and corporate value. On September 19, the group held a mid-year strategy workshop with senior executives from 16 subsidiaries, emphasizing the need to review growth strategies following the completion of the comprehensive financial group structure. Discussions centered on expanding customer bases through synergies between banking, securities, insurance, and card businesses, with each subsidiary presenting specific strategies. Lim Jong-ryong, chairman, highlighted customer expansion as a core long-term growth strategy, stressing the importance of building customer trust through robust financial consumer protection and internal controls while addressing challenges like financial fraud and incomplete sales of complex products. The group plans to focus on balanced growth between banking and non-banking sectors, diversifying revenue sources and reducing reliance on banking. The company also emphasized managing credit risk and maintaining financial stability amid rising interest rates and economic uncertainty.