Woori Financial to Hire Consumer Protection and AI Experts as Outside Directors
Woori Financial Group appoints new outside directors specialized in consumer protection and artificial intelligence.
Woori Financial Group has announced plans to recruit consumer protection advocacy and artificial intelligence specialists as part of its board of outside directors. The decision was made during a meeting of the executive candidate recommendation committee on the 27th, where it was confirmed that incumbent director Yoon In-seob will be reappointed, while Jung Yong-geon and Ryu Jeong-hye will be new nominations. Jung Yong-geon has experience as the head of the Financial Monitoring Center and is known for his work in protecting financial consumers. He is also involved in various financial committees and is recognized for his knowledge in consumer protection and internal controls within financial companies.
Ryu Jeong-hye, on the other hand, is a prominent figure in the AI field, serving as a member of the national AI strategy committee and co-chair of a forum promoting responsible AI use. She has previously held significant roles in major digital platform companies such as Naver and Kakao, focusing on AI and data-driven services. The changes will lead to a restructured board, expanding to seven members, including four directors nominated by significant shareholders, which is expected to enhance the groupβs governance.
The committee chairman, Lee Kang-hyung, emphasized the importance of integrating expertise in consumer protection and AI into the board to support the group's sustainable growth moving forward. This shift is a strategic response to the evolving landscape of finance where consumer advocacy and technological innovation are becoming increasingly vital.