Woori Financial Group announced on April 6 that it has signed a business agreement with the Community Chest of Korea and the Federation of Small Businesses to comprehensively support the Neighborhood Good Store Program to help small businesses spread good influence in local communities.
Through this business agreement, Woori Financial Group's major affiliates will participate in various support projects in three areas - sales, promotion, and service - with more than 300 small businesses that are showing compassion to their neighbors in need and sharing love with them.
First of all, to support 300 small businesses’ sales activities, Woori Bank will improve their business environments by renovating their places of business. In addition, the bank will provide professional management consulting and customized financial counseling services for them.
Woori Card will provide a 10 percent discount and preferential treatment on various fees for customers who use Woori Card at Neighborhood Good Stores.
Woori Capital will provide preferential interest rates for them when they purchase vehicles or apply for loans.
Second, to promote the Good Shop Program, Woori Financial Group will advertise Good Shops on cable TV and IPTV and through Woori Financial Group's SNS channels. It will also run the Neighborhood Good Store website and promote the program through digital posters at bank branches and digital billboards on the exterior walls of Woori Financial Headquarters.
Third, to recognize the volunteer activities of the store owners, Woori Financial Group will hold the Good Shop Service Awards and conduct volunteer activities with Woori Bank branches.
In particular, after the signing ceremony, Neighborly Love Village Party was held at Hosanna Restaurant, which was selected as a pilot store to receive interior support from Woori Financial Group for the elderly and marginalized residents living alone.
Woori Financial Group employees participated in social contribution activities with small business owners who benefited from the Good Shop Program.
“The Neighborhood Good Shop Program has brought 300 small business owners and Woori Financial Group in carrying out social contribution activities,” a Woori Financial Group official said.
“We plan to continue to support small business owners who do good deeds, contributing to making our society a better place to live.”
Meanwhile, Woori Financial Group announced on March 31 that it has signed an MOU with Yonsei University’s Graduate School of Law to establish Woori Financial Group’s Internal Control Expert Program.
The course is aimed at strengthening Woori Financial Group’s internal control capabilities, reflecting new Chairman Lim Jong-ryong’s management strategy of realizing organizational innovation and securing future competitiveness.
The Woori Financial Group Internal Control Expert Course is a three-month training program on important financial laws and regulations for executives and department heads, as well as a special course on the revision of the Corporate Governance Act. The program will provide effective training tailored to internal control issues.
“Yonsei University’s Graduate School of Law was selected because it is a specialized financial law education institution and has the best curriculum and faculty members in Korea,” a Woori Financial Group official said.
“Through this course, Woori Financial Group will train internal control experts and continue to expand training by analyzing its effectiveness.”
In addition, Woori Financial Group will prepare various programs such as operating on-site advisory groups and expanding training and communication channels to establish a culture of internal control innovation.
Meanwhile, Woori Financial Group has established the Corporate Culture Innovation TF, whose members are the Woori chairman and CEOs of Woori Financial Group’s affiliates under the chairman's chairmanship to promote group-wide organizational culture innovation.
The TF will establish and implement strategies for group-wide corporate culture innovation, including a reorganization of personnel and evaluation systems, the strengthening of internal controls, and management succession programs among others.
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