Fundamental, strengthening the foundation with resilience
Pursuing change with eco-system and sustainability
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On the 4th, Shinhan Financial Group Chairman Cho Yong-byeong revealed the group’s management slogan for 2021 as’Strong Foundation!, Fast Change!’
In the New Year’s speech distributed that day, Chairman Cho said, “Let’s strengthen the organizational structure based on customer trust and respond to crises, and build a solid foundation.” Let’s go” he emphasized.
First of all, it emphasized fundamental and resilience to build a solid foundation. Chairman Cho said, “If you define fundamentals in one word, it is’basic’, and the basics of a company are to have basic physical strength, such as maintaining competitiveness in products and services, no matter what situation or crisis arises.” He added, “Let’s strengthen Shinhan’s basic physical strength and continue to pursue quality improvement of core businesses while discovering new growth engines.” In particular, they ordered to change everything in the group, emphasizing’customer first’. Chairman Cho said, “Let’s rebuild solid trust from customers by fiercely thinking about what customers want and providing real values that customers recognize.”
He also emphasized that the resilience is what determines the survival and growth of a company as it is an era of uncertainty. Chairman Cho explained, “The fundamental basis of resilience is to find out the nature and speed of risk faster than anyone else and to respond promptly. The most important characteristic of resilience is the strong resilience that turns crisis into opportunity.” .
It was ordered to rapidly promote the ecosystem and sustainability for change. Emphasizing that building an ecosystem depends on digital transformation, he said that openness across industry boundaries is necessary. Chairman Cho said, “We will cooperate with various companies such as fintech and big tech, and make bold investments in digital companies with excellent technology. We have successfully built Shinhan’s own innovative digital platform that encompasses finance, non-financial, fun and value. Let’s go” he said.
Sustainability has given meaning to practicing compassionate finance that embodies Shinhan’s sincerity. Chairman Cho said, “Let’s go ahead with more forceful promotion of eco-friendly finance and innovative finance that will pass on a healthy environment to future generations and create a win-win growth ecosystem in the post-corona era.”
In the end, Chairman Cho stressed the importance of people and culture. He added that he will spare no support to grow as a digital/convergence talent, and that he will change the organizational culture for this purpose.
In line with this year’s management strategy, Chairman Cho suggested Geun Go Ji-young and Byeong Hyeong-sang-soo in the deadline. Geungo Ji-young, meaning’a tree with deep roots does not shake by the wind, and bears beautiful flowers and abundant fruit’, means building a solid foundation, and a bottle shape meaning’the army on the battlefield must move quickly and flexibly like water’. They each emphasized the rapid change.
/ Reporter Kwangsoo Kim [email protected]
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