Shinhan Bank and I'mweb Sign Business Agreement to Support Strengthening Digital Competitiveness of Small Businesses

At 'Shinhan Xpace' in Jung-gu, Seoul, Jeon Pil-hwan, Head of Digital Personal Division at Shinhan Bank (left), and Lee Su-mo, CEO of I'm Web, are taking a commemorative photo after signing a strategic partnership agreement between Shinhan Bank and I'm Web.

[Asia Economy Reporter Song Seung-seop] Shinhan Bank announced on the 26th that it has signed a strategic business agreement with 'I'm Web' to strengthen the digital competitiveness of small business owners and support financial services.

I'm Web is a company that possesses technology enabling users to create their own websites and online stores in a short time without specialized knowledge such as coding or Photoshop. It is mainly used by startups and small business owners engaged in online sales, and this month, the cumulative transaction amount of its clients exceeded 1.7 trillion KRW.

Through the business agreement, both companies plan to promote cooperation in areas such as ▲providing digital non-face-to-face financial services ▲offering educational services for small business owners to practice win-win and ESG management ▲joint marketing through digital infrastructure owned by both companies ▲discovering new businesses through mutual data exchange.

They will also provide the 'Shinhan Quick Settlement Loan' service, which offers short-term working capital loans with pre-settlement to self-employed users of I'm Web. This allows self-employed individuals to shorten the settlement period for sales on online platforms. Legal and tax consultation services for small business owners will also be promoted.

Additionally, Shinhan Bank will support the digital competitiveness of small business owners registered on 'Ttaenggyeoyo,' a delivery application (app) launched for the first time in the financial sector by Shinhan Bank.

A Shinhan Bank official stated, “Through this business agreement, we will provide Shinhan Bank’s unique financial services and management consulting to small business owners, including online business operators,” and added, “We will create various synergy effects through partnerships and collaborations with different industries.”