Woori Bank invests 80 trillion KRW in future industries; comprehensive reform of AI innovation and financial investment organizations

Woori Bank Implements Organizational Restructuring and Executive Appointments to Drive AI Innovation and Future Industry Growth

Woori Bank has undertaken organizational reforms and executive personnel changes to advance the application of artificial intelligence technology and foster future industries. This initiative aims to drive strategic transformation through AI-powered business innovation and expanded financial support for high-growth sectors.

On December 4, the bank announced a partial reorganization of its structure to effectively implement the 80 trillion KRW “Future Co-Growth Project.” Accordingly, new departments dedicated to investment and lending functions were established within the Corporate Finance Group and the Investment Banking Group. This reform centers on the ten key advanced strategic industries prioritized by the government—including secondary batteries, semiconductors, and AI—with the goal of strengthening joint investment and financial support with subsidiaries.

Further organizational changes were made to enhance the digital strategy. The existing Digital Strategy Group was renamed the “AX Innovation Group,” which will focus on internal business process innovation based on AI technology. At the same time, the bank is actively exploring new businesses related to digital assets, signaling an expansion in the scope of its financial services.

A new “IT Innovation Division” was established within the IT Group, and a “Social Contribution Department” was added within the Brand Strategy Group, to reinforce technological expertise and social responsibility. This structure goes beyond mere digitalization, aiming for comprehensive service innovation and improved corporate image.

The recent personnel changes also brought modifications to the HR system. New procedures such as external reputation surveys and leadership training were introduced during promotion reviews, and an internal evaluation system involving more than 6,000 employees was used for department head promotion candidates. To prevent confusion from abrupt personnel changes, the overall range of personnel adjustments was minimized.

Woori Bank expects this organizational reform to enhance its ability to proactively respond to future growth industries. The strategy aims to further boost competitiveness in the digital financial environment through the establishment of efficient financial models and AI-driven innovation. Similar trends may emerge across the broader financial sector, with digital and AI transformation in the industry expected to accelerate further.