Woori Chmn. Yim Embarks on His Second Term by Visiting High-tech Strategic Company

Woori Financial Group Chairman Yim Jong-yong listens to an explanation from CEO Cho Seong-ik during a visit to TelePix Headquarters in Seoul on Mar. 23.

Woori Financial Group Chairman Yim Jong-yong began his second term after being reappointed as CEO at a regular general shareholders’ meeting on March 23.

Instead of holding a separate inauguration ceremony, Yim demonstrated his strong commitment to expanding productive finance by making his first official task a visit to the site of a high-tech strategic enterprise.

This visit was paid to implement Woori Financial Group’s management policy of promoting win-win growth of the real economy.

That afternoon, Yim visited TelePix, a space artificial intelligence (AI) solution startup selected as one of the 100 Defense Innovation Enterprises by Korea’s Defense Acquisition Program Administration (DAPA) in 2025.

He discussed the status of technology development and business strategy.

He also pledged to provide customized support by consolidating the financial group’s productive finance capabilities to help TelePix, which is preparing to have an initial public offering and make a significant leap forward as an innovative company.

“It was a meaningful occasion where I could personally witness the dynamism of high-tech strategic industries on-site,” Yim said, leaving TelePix.

“It served as an opportunity to think about the national significance of productive finance and the roles of finance.”

Expansion of Productive Finance, Launch of AX and Strengthening Group Synergies are Key Strategies for 2nd Term

Yim presented his plans for the expansion of productive finance, the full-scale launch of AI transformation or AX, and the strengthening of group synergies as key strategies during his second term in a letter sent to group employees.

Accordingly, Woori Financial Group plans to accelerate the implementation of the Future Shared Growth Project for productive and inclusive finance, adopting it as its differentiated growth strategy.

On April 2, Woori Financial Group Chairman Yim Jong-yong and Woori Financial Group model IU talk with representatives of small business owners at Namdaemun Market in Seoul. (Photos: Woori Financial Group)

In particular, the plan envisions contributing to the creation of an ecosystem for high-tech strategic industries and the enhancement of industrial competitiveness by expanding contact points with companies serving as Korea’s future growth engines such as those in high-tech strategic industries and expanding financial support for them.

Furthermore, Woori Financial Group will fully launch company-wide AX to secure future competitiveness.

Yim has emphasized the need to establish an AI-centric management system to take the financial group’s digital capabilities to the next level.

“Woori Financial Group is an AI company,” Yim declared at the financial group’s management strategy workshop earlier this year.

He plans to accelerate the implementation of the Group AX Master Plan over the next three years.

Woori Financial Group is pumping up its efforts to expand group synergies through the strengthening of the non-banking sector as well.

Now that a comprehensive financial group portfolio has been established, its plan is to enhance customer trust by providing comprehensive and multi-dimensional financial solutions through the organic integration of all of its affiliates — including securities and insurance affiliates — centered around Woori Bank.

“The competitiveness of each subsidiary is the competitiveness of Woori Financial Group as a whole,” Yim said, calling for all employees’ active participation in providing differentiated customer experiences.

“I think I am taking on a big responsibility,” Yim said, presenting his vision.

At the same time, he noted that while the past three years were a period of laying the groundwork for a comprehensive financial group by establishing the foundation for sustainable growth through complete privatization, a capital ratio improvement, and the establishment of a comprehensive financial group system, the next three years are a time to move toward the greater goal of becoming a leading financial group based on accumulated competitiveness.

To firmly uphold trust, which is the essence of finance, Yim urged that internal control and consumer protection must not become unstable under any circumstances and concluded his letter by pledging to make his new three-year term a time to hand down an even more proud Woori Financial Group to his successor.