Chungnam Shinbo and Korea Credit Data Join Hands to Support Small Business Management

Data from Cash Note Provided to Over 40,000 Small Business Owners in Chungnam

Chungnam Credit Guarantee Foundation has signed a business agreement with Korea Credit Data.

Chungnam Credit Guarantee Foundation announced on the 13th that it has signed a business agreement with Korea Credit Data (KCD), the operator of the management service 'Cash Note,' which is used by 1.7 million businesses nationwide.

The agreement, signed on the afternoon of the 12th, includes: ▲ Providing various opportunities for cooperation to support the success of small business owners in Chungnam ▲ Improving the credit guarantee support process through data exchange ▲ Collaborating on customized programs to strengthen the competitiveness of small business owners ▲ Supporting the establishment and operation of data-driven policies for small business owners ▲ Mutually cooperating on various tasks to raise awareness of support programs.

Chungnam Credit Guarantee Foundation expects that, through this agreement, it will be able to conduct more scientific policy performance analyses by utilizing the abundant data on small business owners in Chungcheongnam-do held by KCD, thereby securing data for approximately 70,000 businesses supported annually by the foundation.

In particular, it is expected that data-driven customized promotions for about 40,000 small business owners in Chungnam using KCD's Cash Note will enable Chungnam's financial and non-financial policies to be delivered more effectively.

Kim Dongho, CEO of Korea Credit Data, said, "Through this business agreement with Chungnam Credit Guarantee Foundation, Korea Credit Data will expand cooperation not only for effective policies for small business owners but also, on a larger scale, for providing financial services to all small business owners nationwide."

Jo Sohaeng, Chairman of Chungnam Credit Guarantee Foundation, stated, "Chungnam Credit Guarantee Foundation will strive to support scientific and effective data-driven policies for small business owners in Chungcheongnam-do by utilizing the abundant small business data held by Korea Credit Data."

KCD is providing data-driven financial and management solutions to small business owners nationwide through the formation of the 4th internet bank consortium and the Cash Note service, and is expanding cooperation with various local governments and public institutions, including Chungnam Province.