Ostem Implant Gwangdong Branch Signs Business Agreement with Industrial and Commercial Bank of China to Establish Strategic Financial Collaboration

Kim Hee-su, Head of Ostem Implant Guangdong Corporation (left), and Yuan Tailun (袁泰?), President of Industrial and Commercial Bank of China Shenzhen Branch, are signing an agreement and posing for a commemorative photo.

[Asia Economy Reporter Lee Gwan-joo] On the 17th, Osstem Implant Guangdong Corporation announced that it has signed a business agreement with the Industrial and Commercial Bank of China (ICBC) to establish a strategic financial collaboration.

Through this agreement, Osstem Implant Guangdong Corporation expects to lay the foundation for services that alleviate the purchasing burden on dentists and assist in securing operating funds for the corporation.

ICBC, a Chinese state-owned commercial bank, is the world's largest financial institution, having ranked first from 2013 to 2020 in Forbes' "Global 2000 Listed Companies" based on sales, operating profit, assets held, and market capitalization.

Kim Hee-soo, head of the Guangdong Corporation, stated, "The background for signing a business agreement with the world's and China's top financial institution lies significantly in Osstem Implant's brand power, global status, and the local trust that Guangdong Corporation has built." He added, "We are pleased to have established a foundation to provide various customer services in line with the growth and development of the implant industry in China."

Meanwhile, the three Osstem Implant sales corporations in China, including the Guangdong Corporation, sold a total of 1.9 million implants last year, achieving sales growth of 55% compared to the previous year.