Jin Ok-dong, chairman of Shinhan Financial Group, said on the 2nd that "artificial intelligence transformation (AX) and digital transformation (DX) are not merely means of revenue generation or work efficiency but matters of survival."
Through a New Year's address that day, Jin said, "We stand at a major inflection point where technology is changing the order of finance," and stated accordingly.
Jin said, "A great transformation that will upend the history and paradigm of finance has already begun," and added, "We must secure fundamental competitiveness and gain the initiative in the digital asset ecosystem."
He continued, "Will we remain stuck in past methods and fade away as a legacy financial group, or will we move between Web 2.0 and Web 3.0 to prove Shinhan's reason for being? We must look to the distant future and find a breakthrough."
Jin presented Shinhan Financial Group's management slogan for this year as "GreatChallenge2030, bold execution toward future finance."
Jin said, "We must further strengthen the OneWM (wealth management) framework of banking and securities and create differentiated value for senior customers," and added, "We must raise asset profitability through the synergy of insurance and asset management and build an unassailable lead globally."
Regarding "productive finance," Jin said, "The group's future growth depends on competitiveness in the capital market," and added, "We must expand investments that invigorate our economy and become a co-growth partner for innovative corporations." Emphasizing financial consumer protection, Jin urged, "Please work harder to securely protect customers' information and assets and to strengthen actions to help the financially excluded, and focus on reinforcing internal controls and effectively operating the accountability framework."