Yim Jong-ryong, chairman of Woori Financial Group, won another term.
Yim was finally appointed as the new chairman at Woori Financial Group's regular shareholders meeting on the 23rd. Having taken office in Mar. 2023, Yim was selected as the chairman candidate by the Nominating Committee in Dec. last year and secured a new term after passing the shareholders meeting that day. The new term runs through Mar. 2029.
Over the past three years, Yim built a comprehensive financial group portfolio by launching Woori Investment & Securities and acquiring Tongyang Life Insurance and ABL Life Insurance. Ahead of his new term, he has emphasized improving management performance through synergy among group affiliates and expanding productive and inclusive finance.
On this day, ahead of his new term, Yim also stressed improving management performance through synergy among group affiliates, expanding productive and inclusive finance, and a major shift to artificial intelligence (AI). In a letter to employees the same day, he said, "We must secure Woori Financial Group's distinct competitive edge," and encouraged, "Let's move toward the larger goal of becoming a leading financial group."
Yim skipped an inauguration ceremony and, as his first official schedule, visited TelePIX, a space AI solutions startup, promising tailored support. He said, "I was able to witness firsthand the dynamism of the advanced strategic industries in the field," and noted, "It was an opportunity to reflect on the national significance of productive finance and the role of finance."
At the shareholders meeting that day, the agenda to appoint outside directors Yun In-seop, Ryu Jeong-hye, and Jeong Yong-geon was also approved. The year-end cash dividend per share was set at 760 won (tax-exempt).