What are Mission Vision & Core Values of DGB Financial Group Company?

What are the Mission, Vision, and Core Values of iM Financial Group?

Mission and vision statements are foundational for any thriving business, articulating its purpose and aspirations. They serve as strategic blueprints, informing every decision and shaping corporate identity. iM Financial Group, a significant South Korean financial holding company, offers diverse services including banking and asset management.

While historically focused on the Daegu and Gyeongbuk regions, iM Financial Group is strategically expanding. Their mission, vision, and core values guide their business decisions, especially during their transformation into a nationwide commercial bank. This strategic expansion is also reflected in their iM Financial Group BCG Matrix analysis.

The DGB Financial Group mission statement emphasizes creating a world where everyone's dreams are realized through accessible and supportive financial services. This commitment to 'friendly finance' extends beyond traditional banking, focusing on societal well-being and customer empowerment. The transition of DGB Daegu Bank to iM Bank and its expansion to a nationwide commercial bank, with 14 new branches opened by June 2024, directly supports this mission by enhancing financial accessibility for a broader consumer base.

Inclusive Approach

The DGB Financial Group mission targets 'everyone,' indicating an inclusive strategy for financial services.

Friendly Finance

The core offering is 'friendly finance,' signifying accessible, supportive, and beneficial financial solutions.

Global Ambition

The mission implicitly covers a global market, aligning with the company's expanding international network.

Societal Impact

The unique value proposition lies in fostering dreams through finance, emphasizing societal well-being.

Customer-Centric

The mission is highly customer-centric, focusing on shared prosperity and happiness for all.

Enhanced Accessibility

Expansion efforts, like iM Bank's new branches, improve customer access and convenience.

The DGB Financial Group mission statement, 'to create a world everyone dreams of with friendly finance,' highlights a commitment to broad financial inclusion. This DGB Financial Group purpose is reflected in strategic initiatives such as iM Bank's plans to improve customer access through advanced service applications and partnerships for low-interest products, exemplifying the 'friendly finance' approach. For more details on how the company generates revenue, refer to this article on the Revenue Streams & Business Model of DGB Financial Group.

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The DGB Financial Group vision emphasizes innovation and reliability, aiming to be a 'New Finance, Trusted Partner'. This forward-looking statement highlights a commitment to leveraging technology and expanding its global reach. The aspiration to become a 'Digital Global Banking Group' reflects a strategic focus on digital transformation and international market penetration. This vision is supported by the group's substantial growth, with total assets reaching KRW 93 trillion in 2023.

New Finance

DGB Financial Group aims to innovate financial services, embracing digital transformation to meet evolving customer needs.

Trusted Partner

The group strives to build enduring trust with customers and stakeholders through reliable and ethical practices.

Digital Global Banking

DGB Financial Group seeks to expand its digital banking capabilities globally, enhancing its international presence.

Global Reach

With over 1,100 overseas network employees, DGB Financial Group is expanding its operations internationally.

Strategic Expansion

The establishment of HiAMA in Singapore, its 11th subsidiary, underscores its global financial hub strategy.

Market Leadership

The rebranding to iM Financial Group and iM Bank's conversion to a nationwide commercial bank in 2024 supports broader market penetration.

The DGB Financial Group vision for the future is distinctly future-oriented, emphasizing 'New Finance, Trusted Partner' and aspiring to be a 'Digital Global Banking Group'. This vision statement highlights a commitment to innovation and reliability. The ambition for industry disruption is evident, focusing on leveraging technology and expanding its reach beyond traditional geographical boundaries. The vision's scope extends to global impact, as highlighted by DGB Financial Group's total assets reaching KRW 93 trillion in 2023, with over 1,100 overseas network employees, and the establishment of its 11th subsidiary, HiAMA (Hi Asset Management Asia) in Singapore, a global financial hub. This demonstrates a clear ambition for market leadership within and beyond South Korea. The DGB Financial Group vision appears realistic yet aspirational, given the group's current trajectory, including the strategic rebranding to iM Financial Group and iM Bank's conversion to a nationwide commercial bank in 2024, which allows for broader market penetration and digital innovation. The company's commitment to enhancing profitability and capital adequacy, with a CET1 ratio target of 12.3% by 2027, also underpins the financial stability required to pursue this aspirational DGB Financial Group vision. For more insights into the financial landscape, consider reviewing the Competitors Landscape of DGB Financial Group.

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The core values of iM Financial Group, formerly DGB Financial Group, guide its strategic direction and daily operations. These values shape the company's approach to financial services, ensuring a consistent philosophy across all business units.

iM Financial Group upholds three primary core values: Performance-oriented, Customer-first, and Ownership. These principles define the company's culture and its commitment to stakeholders.

Performance-Oriented

This core value emphasizes achieving tangible results and continuous improvement across all business areas. It drives a results-driven environment, encouraging employees to set ambitious goals and strive for excellence, as seen in the 7.4% increase in household loans in 2024.

Customer-First

This value places the needs and satisfaction of customers at the forefront of all operations. It fosters a service-oriented mindset, aiming to provide 'friendly finance' that helps 'everyone dream' through user-friendly services and tailored financial products.

Ownership

This value encourages employees to take initiative, accountability, and responsibility as if they were owners of the company. It promotes prudent decision-making and a proactive approach, exemplified by the 'Value-up Plan' which includes share buybacks and cancellations totaling KRW 60 billion in 2024.

Strategic Alignment

These core values collectively differentiate iM Financial Group by promoting a balanced approach that combines strong financial performance with a deep commitment to customer well-being and internal accountability. This creates a unique corporate identity rooted in responsibility and progress, enhancing shareholder value as discussed in Owners & Shareholders of DGB Financial Group.

These core values of iM Financial Group, formerly DGB Financial Group, are fundamental to its identity and strategic direction. Understanding these principles provides insight into how the company makes decisions and operates. Explore how the mission and vision further influence the company's strategic decisions in the next chapter.

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A company's mission and vision are foundational elements that steer its strategic decisions and operational direction. They provide a clear purpose and a future aspiration, influencing everything from product development to market expansion.

DGB Financial Group's Mission and Vision

The mission of creating a world everyone dreams of with friendly finance and the vision of being a 'New Finance, Trusted Partner' are central to the group's strategic direction.

• Mission: Creating a world everyone dreams of with friendly finance.
• Vision: New Finance, Trusted Partner.
• The group aims to be a Digital Global Banking Group.
• This vision guides its transformation and expansion efforts.

Strategic Transformation: Becoming iM Bank

The conversion of DGB Daegu Bank to iM Bank, effective June 5, 2024, is a direct manifestation of its vision to become a nationwide commercial bank and a trusted partner on a larger scale.

ESG Management and Sustainability

The group's re-established ESG management strategy in 2024, with a vision for positive impact and global sustainability, includes a commitment to KRW 8 trillion in ESG finance and supporting 100 innovative companies by 2030, targeting Net Zero by 2050.

Financial Performance and Growth

In 2024, the bank achieved a total loan growth of 6% year-on-year, with household loans up 7.4% and corporate loans up 4.4%. The CET1 ratio reached a record high of 11.73% at year-end 2024, with a target of 12.3% by 2027.

Leadership and Brand Reimagining

Chairman Hwang Byeong-woo emphasized the significance of the March 2025 rebranding to 'iM,' aiming to convey new significance and value to all stakeholders, reinforcing the core purpose of delivering 'new finance' and being a 'trusted partner'.

Core Values in Practice

While specific core values are not detailed here, the group's actions, such as its ESG commitments and strategic rebranding, suggest a focus on trust, innovation, and customer-centricity, aligning with its mission and vision.

Impact on Strategic Decisions

The mission and vision directly influence strategic decisions, from the nationwide expansion to ESG initiatives, ensuring all actions contribute to the overarching goal of becoming a trusted financial partner.

The mission and vision are pivotal in shaping the group's strategic direction, from its nationwide expansion to its ESG commitments. Discover how these elements are continuously refined in the next chapter on core improvements.

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Enhancing the clarity and impact of DGB Financial Group's mission and vision can further solidify its position in the global financial market. By incorporating specific elements, the group can better reflect its forward-thinking approach and commitment to stakeholders.

Emphasize Digital Leadership in Vision Statement

Refining the vision statement to explicitly mention 'digital transformation' or 'technological leadership' would align more closely with the group's ambition to be a 'Digital Global Banking Group,' mirroring industry leaders who highlight innovation.

Integrate Sustainability into Mission Statement

Explicitly articulating a commitment to 'sustainable prosperity' within the mission statement would better address growing environmental and social responsibility concerns, building on the group's 2050 Net Zero target and SBTi approval in 2022.

Incorporate Emerging Technologies and Consumer Behavior

Adapting mission and vision statements to acknowledge emerging technologies like AI in financial services and changing digital-first consumer behaviors will ensure guiding principles remain relevant in a competitive landscape.

Strengthen Global Interconnectedness in Vision

Explicitly integrating 'global interconnectedness' into the vision statement would further underscore the group's international aspirations and its role in connecting diverse markets and customers, a key aspect of its Target Market of DGB Financial Group.