Toss Bank Signs Business Agreement with K-Sure to Support Exporting Small Businesses

Joint Agreement Signed Between Korea Federation of Banks, Korea Trade Insurance Corporation, and Three Internet-Only Banks
Lee Eun-mi: "We Will Expand Various Innovative Financial Services to Support the Growth of Small Export Businesses"

▲ On the 19th, at the 'Korea Trade Insurance Corporation - Regional and Internet Specialized Banks' business agreement ceremony held at the Korea Federation of Banks, Eunmi Lee (first on the right), CEO of Toss Bank, is taking a commemorative photo.

Toss Bank is collaborating with Korea Trade Insurance Corporation to help small export businesses secure export funds more quickly and conveniently.

On the 20th, Toss Bank announced that on the 19th, at the 'Local and Internet Banks-Korea Trade Insurance Corporation Agreement Ceremony and Export Companies Meeting' held at the Korea Federation of Banks, the Korea Trade Insurance Corporation and internet-only banks signed a 'Business Agreement to Promote Online Non-face-to-face Export Finance Support.'

Through this agreement, small export businesses will be able to use financial services that allow them to complete everything from guarantee application to loan execution at once via the app without visiting a bank. Korea Trade Insurance Corporation provides a guarantee system for export SMEs, and Toss Bank builds and operates a loan service utilizing non-face-to-face procedures based on this. It is expected that more small export businesses will be able to procure export funds quickly and easily.

Based on this agreement, the participating institutions plan to expand cooperation areas such as ▲building and operating digital platforms, ▲joint development of non-face-to-face and digital financial products, and ▲corporate data exchange and network construction to revitalize the digital financial ecosystem and improve financial accessibility for export companies.

Lee Eun-mi, CEO of Toss Bank, said, "It is meaningful that we can establish a fast and convenient export fund procurement environment based on digital finance through this agreement," adding, "We will continue to lower the barriers to finance and expand various innovative financial services to practically support the growth of small export businesses."