Signing of Strategic Business Agreement on June 13...
Aiming to Drive Sustainable Growth
Gradual Implementation of Support Initiatives
Including Development, Consulting, and Financial Services
On the morning of June 13, BNK Busan Bank (President Bang Seongbin) signed a strategic business agreement (MOU) with Korea Credit Data (KCD, CEO Kim Dongho), the provider of the Cash Note management platform for small business owners and sole proprietors, at its headquarters in Munhyeon-dong. The agreement aims to support small business owners and revitalize the local economy.
On the 13th, BNK Busan Bank signed a strategic business agreement with Korea Credit Data to support small business owners and revitalize the local economy. (From the fourth person on the right, Bang Seongbin, President of BNK Busan Bank, and Kim Dongho, CEO of Korea Credit Data) Photo by BNK Busan Bank
This agreement reflects the shared commitment to drive sustainable growth of the local economy in the Busan-Ulsan-Gyeongnam region by combining the financial infrastructure of Busan Bank with the digital capabilities of Korea Credit Data.
The two companies plan to gradually pursue a wide range of collaborative initiatives that can provide practical support for small business owners and revitalize the local economy. These include: supporting the development of entrepreneurial small business owners (Licon) to invigorate local commercial districts; providing consulting for small business startups and management, as well as digitalization support; and developing customized financial and digital services tailored to small business owners.
As the leading financial institution in the Busan-Ulsan-Gyeongnam region, Busan Bank leverages its deep understanding of the area to provide financial support and engage in social contribution activities across various fields, including financial support for SMEs and small business owners, support for young entrepreneurs, and revitalization of traditional markets.
Through this agreement, Busan Bank also plans to actively support the 'Regional Economy Hope Center,' newly established by BNK Financial Group to expand customized financial support for small business owners and self-employed individuals. The bank will make comprehensive efforts to restore livelihoods and revitalize the local economy.
Korea Credit Data is a leading domestic data fintech company with POS and sales data from approximately 1.8 million businesses nationwide. The company has accumulated specialized expertise in digital management support for small businesses, ranging from management and business analysis to alternative credit evaluation.
Kim Yongkyu, Head of the Management Strategy Group at Busan Bank, stated, "This agreement goes beyond a simple business partnership. It demonstrates Busan Bank's practical commitment to pursuing innovative collaboration that transcends the boundaries between financial and non-financial services, in order to support the growth and recovery of small business owners as the region's leading financial institution."
Lim Jihyun, Head of Business at Korea Credit Data, said, "We are pleased to be able to support local small business owners in partnership with Busan Bank, the leading financial institution in the Busan-Ulsan-Gyeongnam region. We will work together to provide a variety of customized financial and digital services based on the actual management data of 1.8 million small business establishments nationwide."
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