Woori Card Joins KCD Internet Bank Consortium

Second Time at Woori Financial Group Following Woori Bank

Korea Credit Data (KCD) announced on the 11th that Woori Card has joined the internet bank consortium it is promoting. Woori Card has submitted a letter of intent to invest in the KCD consortium. Since Woori Bank expressed its intention to participate in the consortium last May, this is the second affiliate of Woori Financial Group to join.

Leading the consortium, KCD emphasizes that it is a business operator providing stable financial services to small business owners. KCD has been offering specialized services for small business owners nationwide through its management service 'Cash Note' to 1.4 million small business operators. Based on this experience, the KCD consortium explained that it has excellent credit evaluation capabilities for small business owners.

Kim Dong-ho, CEO of KCD, said, “We are pleased to join Woori Card, a core affiliate of Woori Financial Group, on the journey to create the first bank for small business owners,” adding, “The KCD consortium will develop innovative financial services that enable small business owners and individual enterprises to receive fair evaluations and timely funding based on multidimensional data.”