Establishing an Integrated Cooperative System
for Small Business Owners in Daejeon
Korea Credit Data (KCD), the operator of the business management service 'Cash Note', announced on June 12, 2025, that it has signed a memorandum of understanding (MOU) with the Daejeon Credit Guarantee Foundation to support the growth of small business owners and self-employed individuals in the Daejeon region.
Through this agreement, the two organizations have agreed to jointly explore various measures to support stable business operations and enhance the competitiveness of small business owners in Daejeon. In particular, they plan to actively cooperate in five areas: improving the credit guarantee process through data exchange; collaborating on management support programs to strengthen the competitiveness of small businesses; supporting the establishment and operation of institution policies based on data; expanding policy promotion and providing opportunities for the success of small business owners; and engaging in other forms of cooperation to revitalize the local economy.
Korea Credit Data has already signed similar agreements with regional credit guarantee foundations in Seoul, Gyeonggi, Incheon, Daegu, Busan, Chungnam, Jeonbuk, Jeonnam, Gangwon, Ulsan, and Gyeongnam. Going forward, KCD plans to continue its collaboration with regional credit guarantee foundations nationwide, aiming to innovate the financial environment for small business owners across the country. The company is committed to expanding ongoing cooperation and taking the lead in building a financial ecosystem that enhances management stability and competitiveness for small business owners nationwide.
Kim Dongho, CEO of Korea Credit Data, stated, "Daejeon is the starting point of Korea Soho Bank, which is led by Korea Credit Data, and serves as the most important hub for financial innovation. Through this agreement, we will provide a variety of management solutions so that small business owners in Daejeon can receive more sophisticated and practical financial support. The Korea Soho Bank consortium will also further strengthen its collaboration with partners nationwide."
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