Eugene Investment & Securities Joins Consortium for Korea Soho Bank

"The Consortium with the Most Financial Institutions Joined"

Korea Credit Data (KCD), leading the Korea SoHo Bank consortium, announced on the 11th that Eugene Investment & Securities has submitted a letter of intent to invest in the consortium.

With the participation of Eugene Investment & Securities, a total of three financial institutions have joined the Korea SoHo Bank consortium. According to KCD, this is the highest number of financial institutions participating among the consortia pursuing the establishment of new internet banks. In May and July of last year, Woori Bank and Woori Card had already expressed their intention to participate.

Kim Dong-ho, CEO of KCD, stated, “With Eugene Investment & Securities joining the Korea SoHo Bank consortium, we expect to offer various customized investment products for Korean business owners throughout their business processes and retirement.” He added, “We will work with more companies to create not just the fourth internet bank without differentiation, but the first bank dedicated to Korea’s small business owners.”