Yim Jong-ryong, chairman of Woori Financial Group, urged personnel dedicated to internal control across the group's companies nationwide to work hard on internal control.
On the 27th, Woori Financial held an 'Internal Control Field Inspection Meeting' in the Synergy Hall at its headquarters, attended by around 100 people, including Chairman Yim Jong-ryong and personnel dedicated to internal control across the group, and announced that it would concentrate its efforts to restore trust.
The Internal Control Field Inspection Meeting, held for the first time on this day due to the chairman's will, is planned to become regular in the future. Woori Financial explained that Chairman Yim will regularly preside over meetings to directly examine internal control issues on site, and the holding company compliance supervisor plans to continuously tour the nation to inspect sales sites and prevent incidents.
On this day, Woori Bank, a key affiliate of Woori Financial, announced that it has established a 'three-tier internal control management system' by assigning internal control managers, internal control specialists, and internal control branch managers to sales sites.
In addition to the 148 internal control managers responsible for daily audits assigned to major sales branches, Woori Bank has newly assigned a total of 57 internal control specialists, with 1 to 2 for each regional sales headquarters, last month. These internal control specialists are conducting thematic inspections tailored to the characteristics of their respective sales headquarters and performing monthly regular audits of the subordinate sales branches.
Meanwhile, internal control branch managers assigned to 29 regional sales headquarters will take on the role of team leaders for the internal control specialists and managers, establishing internal control plans for sales sites and overseeing related activities.
Additionally, the infrastructure for internal control has been completed by either newly assigning or expanding internal control personnel in the field organizations of non-bank affiliates such as cards, asset trusts, and securities. With this, Woori Financial now has a total of 251 dedicated personnel directly overseeing internal control tasks at sales sites nationwide.
A Woori Financial official noted that this aims to significantly increase personnel dedicated to internal control at sales sites along with various system improvements related to internal control to prevent loopholes that could lead to incidents.
During the meeting, Chairman Yim Jong-ryong directly addressed the personnel dedicated to internal control and conducted a 40-minute lecture on the theme of 'Internal control, the power of invisible principles.'
Chairman Yim emphasized the importance of internal control and the role of personnel dedicated to internal control assigned to the front lines of sales. In particular, he requested their efforts in preventing incidents and fostering a sound corporate culture by focusing on ▲close communication with sales staff to understand and comply with principles and regulations ▲continuous education and repetitive inspections ▲and the principle of punishment and reward.
Chairman Yim encouraged, "Let's continue to turn our successful internal control experiences into best practices and showcase our competitiveness that will completely transform to the market and customers."
At the meeting, the 'Resolution to Strengthen Internal Control at Woori Financial Group Sales Sites' was adopted. Participants vowed to make this year the 'Year of Innovation in Internal Control' after sharing practical tasks related to internal control.