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Finance

Welcome Savings Bank launches co-CEO system with Park Jong-sung and Son Dae-hee, two-track AI shift and IB strengthening

Welcome Savings Bank introduced a co-CEO system as it pursues an AI-driven shift in retail finance while strengthening corporate and investment banking. The bank said on March 31 its board appointed Welcome Savings Bank Vice President Park Jong-sung and Welcome F&D CEO Son Dae-hee as new co-chief executives. Park will oversee corporate and investment finance, while Son will lead strategy, support and retail finance, including an AI-based financial transformation.

People & Corporate

Welcome Financial Group named family-friendly company for multi-child and parent support allowances

Welcome Financial Group said on Jan. 12 that its affiliates Welcome Savings Bank and Welcome F&D were selected for the family-friendly certification programme overseen by the Ministry of Gender Equality and Family. Welcome Savings Bank scored 85.3 points and Welcome F&D scored 79.6 points, earning new certification. The group offers up to 900,000 won a month for employees with at least three children and provides a monthly allowance when parents are aged 65 or older.