Woori Bank and Naver Pay Sign Business Agreement to Promote Data Integration Project

Woori Bank announced on the 6th that it signed a "Strategic Business Agreement for Data Linkage Project Promotion" with Naver Pay on the 5th.

Through this agreement, both companies plan to collaborate on ▲ developing innovative products linking financial and platform services and promoting joint marketing ▲ expanding the use of services based on Woori Bank and Naver Pay data ▲ linking content and services related to financial education for financially vulnerable groups.

In particular, they intend to leverage synergies between banks and fintech based on data and technology to develop innovative financial products and jointly plan services that combine financial and non-financial data.

A Woori Bank official stated, "We plan to provide differentiated innovative services based on data by utilizing the accumulated know-how of both companies in the financial and platform sectors," adding, "This agreement will strengthen the cooperative system and continuously discover new businesses."

Jo Byung-kyu, President of Woori Bank (right), and Park Sang-jin, CEO of Naver Pay, are taking a commemorative photo after the "Business Agreement Ceremony for Promoting Data Linkage Projects" held on the 5th at Woori Bank headquarters in Jung-gu, Seoul. Photo by Woori Bank