Korea Credit Data Partners with Incheon Credit Guarantee Foundation to Support Small Businesses

Supporting the Success of Small Business Owners in Incheon
Providing Various Opportunities for Business Cooperation

Korea Credit Data (KCD), which operates the management service 'Cash Note' used by 1.7 million businesses nationwide, announced on the 10th that it has signed a Memorandum of Understanding (MOU) with the Incheon Credit Guarantee Foundation to strengthen the competitiveness and support the success of small business owners in the Incheon area. Through this agreement, both organizations plan to improve the credit guarantee and management support processes for small business owners in Incheon and enhance customized support based on data exchange.

This MOU includes four practical cooperation measures: ▲providing various opportunities and support for the success of small business owners in Incheon ▲improving credit guarantee and management support processes through data exchange ▲collaborating on support programs to strengthen small business competitiveness ▲supporting policy formulation and operation based on small business data. Starting with this agreement, both organizations plan to support the substantial growth and competitiveness enhancement of small business owners in Incheon and maintain continuous cooperation going forward.

Jeon Moosu, Chairman of Incheon Credit Guarantee Foundation (fourth from the left), and Kim Dongho, CEO of Korea Credit Data (fifth from the left), along with officials from both organizations, are posing for a commemorative photo after signing the agreement. Photo by Korea Credit Data

Through the Cash Note service, KCD provides data-driven financial and management solutions to 1.7 million small business owners nationwide and is already conducting data-based operations with Incheon City. Since December last year, the Incheon Credit Guarantee Foundation has built the ‘Incheon Metropolitan City Market Commercial Area Rapid Dashboard’ to quickly respond to changes in Incheon’s commercial districts and markets, providing updated data by region and a continuously accessible visualization dashboard to improve work efficiency for small business owners in Incheon and increase trust in the public sector.

KCD plans to use this agreement as an opportunity to support small business owners in Incheon in establishing a more effective management environment. Additionally, KCD is currently collaborating with Chungnam Provincial Government, Statistics Korea, and others, and plans to continuously expand data exchange targeting small business owners and increase cooperation to strengthen competitiveness.

Kim Dong-ho, CEO of Korea Credit Data, said, “Through this agreement, we will strive to provide practical help to small business owners in the Incheon area while further expanding data-based cooperation for small business owners nationwide.”

Jeon Mu-su, Chairman of the Incheon Credit Guarantee Foundation, stated, “Data-driven customized support is important for the continuous growth of small business owners in Incheon. Based on this agreement, we will revitalize small business owners and local commercial districts in Incheon and utilize data necessary for policy formulation to develop more effective support measures.”