Woori Monetary Group Chairman Yim Jong-yong speaks in the course of the group’s 2026 administration technique workshop the group’s headquarters in Seoul, Friday. Courtesy of Woori Monetary Group
Woori Monetary Group is repositioning itself as a man-made intelligence (AI) monetary platform, declaring the expertise to be the core working logic of the group’s development, the group stated Sunday.
The transfer signifies that Woori believes technology-led productiveness will outline the group’s competitiveness, quite than relying totally on steadiness sheet growth.
Woori Monetary Group Chairman Yim Jong-yong unveiled the technique on the group’s 2026 administration technique workshop, Friday, attended by about 400 executives and staff.
He characterised the previous three years as key ones that led to the group’s full privatization, stronger capital ratios and completion of the financial institution’s portfolio as a complete monetary companies supplier, together with insurance coverage and securities companies.
This yr, he stated, will open a brand new period the place productive and inclusive finance, coupled with group-wide AI transformation (AX), will create deep synergies.
Central to the drive is AX. Woori plans to implement 344 AI use instances by subsequent yr, together with 200 at banks and 144 at non-bank associates.
AI use will probably be woven into administration, operations and threat management.
Lim stated AI will more and more decide management in finance, a motive why a speedy adoption of AI-centered decision-making is required throughout all items.
The AI push is being spearheaded with renewed emphasis on productive finance, an space the place Woori has structural power as a conventional company finance chief.
“We plan to strengthen synergies throughout banking, insurance coverage and securities, looking for to attain a development of 20 % generated by non-bank companies,” the group stated.
“Woori’s efforts to combine AI transformation with shopper safety and inclusive finance will assist us lead the market as each technologically superior and socially credible monetary group.”
