Woori Bank has restructured its headquarters to enhance data-driven sales and improve internal control capabilities. The bank has consolidated its retail sales departments and centralized its domestic and international inspection functions.
On July 3, Woori Bank announced the restructuring of its headquarters. The changes focus on expanding synergies in retail sales through data analysis, strengthening internal control responsiveness, and improving organizational efficiency.
The bank has established a new 'Retail Sales Division' by merging the Personal Sales Strategy Department, Real Estate Finance Department, Channel Strategy Department, and MyData Platform Department. This division will serve as a control tower for developing retail sales strategies based on customer data analysis.
The internal control organization has also been reorganized. The global inspection functions previously handled by the Headquarters Audit Department have been transferred to the newly created Inspection Division, centralizing inspection functions for domestic and international sales organizations. Within the Headquarters Audit Department, a new 'Management Audit Team' has been established to review key management issues and validate their appropriateness. Additionally, the ESG Sustainable Finance Department has been renamed to the ESG Inclusive Finance Department to further strengthen support for financially vulnerable groups and inclusive finance initiatives.
To enhance organizational efficiency, the bank has integrated teams with high work relevance and readjusted some tasks, reducing the overall size of the headquarters. Woori Bank plans to allocate the personnel and capabilities gained through this restructuring to sales operations and core business areas.
A Woori Bank official stated, "This organizational restructuring aims to balance the enhancement of data-driven sales competitiveness and internal control capabilities. We will elevate customer service based on efficient organizational operations."
* This article has been translated by AI.
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