BNK Financial Group has begun implementing "Value-Up 2.0" to link a corporate value enhancement plan it announced in September to actual management performance. It will review each affiliate's business portfolio and resource allocation with a focus on profitability and capital efficiency, and build a system to reflect evaluations by boards and the market back into management.

BNK Financial said on Oct. 8 it held the "BNK Value-Up 2.0 Leadership Summit" at Busan Bank's headquarters on Oct. 6 with group management, CEOs and executives of all affiliates, and boards of the holding company and affiliates taking part.

Discussion at the event focused on ways to link existing strategies to actual management performance rather than adding new measures to enhance corporate value. Each affiliate decided to review its business portfolio and resource allocation system around profitability and capital efficiency rather than expansion in scale, and to push ahead with specific action tasks.

Boards and management also reviewed together the group's direction for enhancing corporate value and the action tasks for each affiliate. The aim is to strengthen a group-wide management framework spanning strategy development, affiliate execution and performance reviews.

BNK Financial also held the "BNK Capital Markets Roundtable" on Oct. 7 with shareholders, investors and analysts taking part. It shared its direction for enhancing corporate value, its execution plan and major management issues, and listened to opinions from market participants.

BNK Financial plans to continuously share progress and results of its corporate value enhancement strategy with its board and to reflect evaluations and opinions from investors and others in management decision-making.

A BNK Financial official said, "We will establish a virtuous cycle structure in which we review performance with the board and reflect market opinions back into management."