Korea Credit Information Secures New Investment from Hana Bank

Korea Credit Information Service (KCS), a credit rating agency for individual business owners, has secured a new investment of 1 billion KRW from Hana Bank. KCS previously received investment from KB Kookmin Bank in January 2022.

On the 13th, Korea Credit Information Service (KCS) announced that it had attracted a total of 2 billion KRW in new investments from Hana Bank and its parent company, Korea Credit Data (KCD). Hana Bank plans to collaborate with KCS across the financial sector, including expanding loans for small business owners and providing preliminary diagnostic services for policy funds.

With this latest investment, KCS has received funding from six banks in the banking sector, bringing the total accumulated investment to over 22.2 billion KRW. This reflects recognition of the necessity for business evaluation models and data in the small business sector. Companies that have invested in KCS include Korea Credit Data (KCD), KakaoBank, iM Bank, SGI Seoul Guarantee, IBK Industrial Bank, KB Kookmin Bank, Hyundai Capital, Jeonbuk Bank, and Welcome Savings Bank.

KCS provides credit evaluation data based on the business capabilities of small business owners and individual entrepreneurs through its credit rating service called 'Credit Note.' Approximately 160,000 businesses have used KCS’s services.

Kim Sang-woo, CEO of Korea Credit Information Service, stated, "Together with our competitive shareholders, we will connect the potential of individual business owners to credit, create more financial opportunities, and grow alongside our customers to provide greater value.”