Established as a Specialized Credit Bureau in 2005
New Business Models through Various Strategic Partnerships
On the 21st, Korea Credit Data celebrated its 20th anniversary and announced its vision to become a data innovation financial group through an AI (Artificial Intelligence) transformation.
On the same day, Korea Credit Data held a '20th Anniversary Ceremony' at the Glad Hotel in Yeouido, Seoul. Established in February 2005 as a specialized Credit Bureau (CB) company to strengthen the competitiveness of small and medium-sized enterprises, Korea Credit Data has now expanded into personal and individual business CBs and is developing various new businesses by utilizing accumulated data.
CEO Hong Doo-seon said in his welcoming speech, "Building on 20 years of achievements, we will leap beyond CB to become a leading company at the center of data and finance." He presented three mid- to long-term management strategies: ▲ AI transformation ▲ development of various new products ▲ expansion of business opportunities through strategic partnerships.
CEO Hong mentioned Korea Credit Data’s services such as the 'Growth Potential Index,' a growth prediction model that discovers promising SMEs, and the Global Value Chain (GVC) that supports supply chain risk management, emphasizing, "Developing such products is the path to nurturing competitive companies and fulfilling our mission for national economic development." He also noted that new business models are being created through recent partnerships with fintech-related organizations, internet banks, and card companies.
The ceremony video included Korea Credit Data’s future vision to advance as a data financial group through innovation, along with the recently updated service BI system. The service BI unified product names based on the corporate brand KODATA by combining the first letter K with the O from Optimize, meaning providing optimized services to customers, creating the root 'KO.' For example, the 'Find System,' which sends tax accounting documents and various certificates in bulk, was renamed 'KOfind.'
Meanwhile, at the event, Kwon Dae-young, Secretary General of the Financial Services Commission, Cho Yong-byeong, Chairman of the Korea Federation of Banks, former Chairman Kim Kwang-soo, and Lee Seung-geon, CEO of Toss (Viva Republica), each took the stage to give congratulatory speeches. In addition, about 200 people attended, including Kang Seok-hoon, Chairman of the Korea Development Bank, Choi Won-mok, Chairman of the Korea Credit Guarantee Fund, Kim Jong-ho, Chairman of the Korea Technology Finance Corporation, as well as CEOs and officials from Korea Credit Data’s shareholder companies and major clients.
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