[Featured Stock] Duzon Bizon, Duzon Bank Loved by Shinhan Bank... A 'Trump Card' to Surpass Kakao Bank and Toss Bank

The stock price of Duzon Bizon, which is preparing to establish the 4th internet-only bank, is showing strong performance. The news that Shinhan Bank is participating in the Duzon Bank consortium appears to be influencing the stock price. Shinhan Bank, which had been skeptical about investing in internet banks, is reportedly attracted by Duzon Bizon's vast 'corporate data.' An analysis estimating the value of Toss, which owns Toss Bank and Toss Securities, at a minimum of 10.4 trillion to 12.4 trillion KRW is also believed to have had an impact. Expectations are growing that Duzon Bizon will establish a competitive internet-only bank based on corporate data and artificial intelligence (AI) technology.

As of 11:16 AM on the 9th, Duzon Bizon is trading at 52,200 KRW, up 6.63% from the previous day.

According to the financial sector, Shinhan Bank is preparing to form the Duzon Bank consortium together with Duzon Bizon. It is known that Shinhan Bank and Duzon Bizon formed a task force (TF) to discuss the consortium formation starting from July last year.

After about nine months of TF discussions, Duzon Bizon announced on the 4th its plan to form the Duzon Bank consortium by involving major commercial banks, policy institutions, and leading large corporations as shareholders.

Duzon Bizon aims to strengthen competitiveness by forming the Duzon Bank consortium and involving major commercial banks, policy institutions, and leading large corporations as shareholders. It has already secured the experience and capabilities to develop AI-based corporate credit evaluation models using corporate data necessary for an internet-only bank specialized in small and medium-sized enterprises (SMEs) and small business owners.

Focusing on core corporate solutions such as ERP and groupware, Duzon Bizon plans to enhance the value of corporate data for financial innovation by utilizing corporate cash flow information, data verification devices, and internal control functions. Through this, it shows a commitment to innovatively transform the financing paradigm for SMEs and small business owners, moving away from the standardized form of existing financial institutions.

Unlike KB Kookmin, Hana, and Woori Banks among the four major commercial banks, which have invested in internet banks, Shinhan Bank has not participated in internet bank investments. Except for a small portion in the individual business sector, the loan portfolios of the three internet banks are entirely in the personal finance sector. This is also cited as a reason why Shinhan Bank ultimately decided not to participate in the consortiums of Kakao Bank and Toss Bank after consideration.

Duzon Bizon announced that it has signed a business agreement with KAIST (Korea Advanced Institute of Science and Technology) for ‘AI joint research.’ A leading company in AI transformation (AX·AI Transformation) and a research-oriented university with international capabilities have joined hands to take the first step toward cooperation in the AI field. In-depth research to advance AI technologies possessed by Duzon Bizon, such as corporate credit evaluation models and clinical data warehouses (CDW) for healthcare innovation ecosystems, will be conducted. Additionally, through analysis and research based on Duzon Bizon's reliable data, various social indicators will be presented. The partnership aims to establish itself as a representative think tank for deriving national research projects and ultimately contribute to national science, technology, and industrial development.