Shinhan Bank CEO Jung Sang-hyuk gives a speech during 2024 Global Conference Week at the bank headquarters in central Seoul, Monday. Courtesy of Shinhan Bank
Shinhan Bank CEO Jung Sang-hyuk said the firm's continued growth in the global market should be backed up by “firm trust” with customers.
According to the bank, Jung made the remarks during an opening ceremony for the Global Conference Week held Monday at the headquarters of the bank in central Seoul.
“For Shinhan Global to continue its growth and be loved for a long time on the global stage, the firm trust with customers should be backed up,” Jung said.
“We should comply with regulations of each country and enhance internal control to focus on establishing trust.”
The event, which will last until July 25 under the theme of Connect and Act, is aimed at discussing action plans to push for the bank's global business.
Board members of its 10 overseas branches, heads of overseas bank offices and sojourning employees as well as those in charge of global strategies for the bank participated.
During the conference, board members of the overseas branches discussed changes in global governance and shared outstanding cases as well as their knowledge and know-how.
Heads of overseas bank offices will review their business during the first half of the year and share plans for the latter half.
“Through this conference, we seek for the keen cooperative system between the headquarters and overseas branches to enhance our competitiveness in the global market,” a Shinhan Bank official said.
“We will continue to explore various business models relevant to each region and expand our territories through our 166 networks in 20 countries.”
The bank has put a special emphasis on the Asian market to diversify its earnings base and secure a future growth engine. It operates 10 overseas branches in Vietnam, Japan and China, among others.
The net profit of these branches came to 140.1 billion won ($101 million) in the first quarter of this year, up 8 percent from a year earlier.