Chairman Kim Jung-tai of Hana Financial Group.

Vice Chairman Ham Young-joo of Hana Financial Group.

Vice Chairman Ji Sung-kyu of Hana Financial Group.

Vice Chairman Lee Eun-hyung of Hana Financial Group. (Photos: Hana Financial Group)

Hana Financial Group has decided to simplify the holding company’s organizational system to achieve its three key strategies before the start of Chairman Kim Jung-tai’s second term, which will last one year.

The three strategies zoom in on environmental, social and governance (ESG), the global business and financial platforms for advanced financial services.

Through the reorganization, Vice Chairman Ham Young-joo will head up a new ESG, while Vice Chairman Ji Sung-kyu, who was the president of Hana Bank, will be in charge of digital organization. In addition, Vice Chairman Lee Eun-hyung will continue to serve as global vice chairman.

Hana Financial Group announced on March 24 that it has reorganized its organization in 2021 to simplify the holding company’s systems and prepare rapid communication and decision-making processes based on three keywords — Simple, Speed and Smart.

Hana Financial Group decided to turn its business sector into a “horizontal consultative body” to strengthen the active collaborative system among affiliates in the reorganization.

It will also establish a group-level ESG implementation framework through the establishment of ESG-related committees and an ESG vice president on the board. It will create the position of a digital vice chairman to strengthen the driving force for platform finance.

Hana Financial Group will transform its existing cooperation system among affiliates into a horizontal consultative system in order to respond organically and flexibly to rapidly changing financial environments.

It expects its reorganization to a consultative system to strengthen autonomous management and responsible management of affiliates, and boost cooperation in various areas within the group.

Hana Financial Group has decided to upgrade ESG management to a key issue to be handled by the board of directors.

Therefore, the financial group will set up the Sustainable Management Committee and the Consumer Scout Management Committee on the board. It finalized related agendas at the regular shareholders’ meeting on March 26.

The Consumer Risk Management Committee will have the general manager of group consumer risk management and the Consumer Risk Management Team in an effort to strengthen the committee’s power.

Moreover, the current Social Value Team will be reorganized into the ESG Planning Team to support ESG activities centered on the implementation of ESG management. Vice Chairman Ham Young-joo will be in charge of the implementation of ESG finance.

Hana Financial Group will set up the position of digital vice chairman to focus on the group’s innovation capabilities in platform finance. In order to strengthen driving force for the digital business at the financial group level, it plans to expand its execution power by placing the group digital general manager and the group ICT general manager under the digital vice chairman. Vice Chairman Ji Sung-kyu will serve as digital vice chairman.

Since 2020, Vice Chairman Lee Eun-hyung will continue to serve as global vice chairman. “We plan to establish an action-oriented ESG system through the reorganization of the holding company and realize our value of putting customers before anything else by strengthening global platform finance,” said an official of Hana Financial Group.

In the meantime, Hana Financial Group announced that it signed a business agreement with SK Telecom to help the latter implement its Employee Participation Program on April 8.

SK Telecom gives executives and employees stock as part of its performance-based bonuses through the Employee Participation Program.

This not only promotes their ownership, but secures outstanding human resources, stabilizes stock prices and enhances shareholder value. It is also a program to share the company’s profits and future growth value with executives and employees.

To facilitate SK Telecom’s Employee Participation Program, Hana Financial Group will provide executives and employees of SK Telecom with various financial support and customized financial services, including opening new non-face-to-face accounts and transferring stocks as performance-based bonuses.

“As a partner of SK Telecom’s Employee Participation Program, we will make efforts to make the program successful and provide customized financial products that SK Telecom executives and employees want,” said an official of Hana Financial Group.