[Asia Economy Reporter Kiho Sung] KakaoBank announced on the 2nd that it has signed a "Low-Income Financial Support Activation Business Agreement" with the Korea Inclusive Finance Agency, which includes key contents such as ▲dormant deposit inquiry ▲customized loan linkage ▲providing incentives to those who complete financial education.
Going forward, the two organizations will actively collaborate to strengthen financial support for low-income financial users through the provision of financial platforms. KakaoBank, together with the Korea Inclusive Finance Agency, launched the "Find Dormant Deposits and Insurance Money" service on its application (app) on the 21st of last month, improving customer convenience. As of the 29th of last month, the number of dormant deposit cases paid through the KakaoBank app totaled 170,000, amounting to 3.6 billion KRW.
KakaoBank plans to link customers who were rejected for loans to the Korea Inclusive Finance Agency's "Customized Loan Referral Service" to expand opportunities to use policy-based low-income financial products. The Korea Inclusive Finance Agency's customized loan service recommends the most favorable credit loan conditions to applicants from among 1,361 loan products from commercial banks and savings banks, which is expected to dramatically improve financial accessibility for low-income financial customers.
Additionally, KakaoBank will actively discuss ways to support customers who have completed the Korea Inclusive Finance Agency's financial education and credit debt consulting.
Yoon Ho-young, CEO of KakaoBank, stated, "Through this collaboration between the Korea Inclusive Finance Agency and KakaoBank, we hope that low-income financial users will be able to use financial services easily and conveniently."
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