BNK Busan Bank Participates in Korea SoHo Bank Consortium

BNK Busan Bank is joining the Korea Soho Bank consortium. The Korea Soho Bank consortium includes a total of six financial institutions, including four banks (Woori, NH Nonghyup, OK Savings, and BNK Busan). Non-bank financial companies include Eugene Investment & Securities and Woori Card.

Korea Credit Data (KCD), which leads the Korea Soho Bank consortium, announced on the 20th that Busan Bank has submitted a letter of intent to invest. Through Busan Bank's participation, they expect to strengthen community-based financial support and achieve innovation in financial services for small business owners.

BNK Busan Bank plans to develop innovative financial products for small business owners in the Busan area by linking with Cash Note's core services through its participation in the consortium. By collaborating KCD's fintech technology with BNK Busan Bank's digital financial services, they aim to provide more sophisticated and innovative financial solutions.

Kim Dong-ho, CEO of KCD, said, "With BNK Busan Bank joining, the Korea Soho Bank consortium has built a stronger financial ecosystem, and now, based on a powerful nationwide financial network and community-based financial services, we will create an environment where small business owners can more easily access finance." He added, "Starting with collaboration with BNK Busan Bank, we will do our best to establish the first bank for small business owners along with nationwide financial support for them."