Gwangju Bank Invests in Vietnam's Largest Used Motorcycle Trading Platform OKC

Gwangju Bank recently made a strategic investment in OKC, the largest used motorcycle trading platform company in Vietnam. Photo by Gwangju Bank

Gwangju Bank announced on August 8 that it has recently made a strategic investment in OKC, the largest used motorcycle trading platform company in Vietnam.

OKC is a rapidly growing company that has addressed consumer inconvenience by shifting the primarily offline used motorcycle trading market to an online platform, providing a safe and transparent trading environment.

This investment was made as part of Gwangju Bank's efforts to secure new growth engines by integrating finance and mobility, and to seek expansion of the digital ecosystem across industries beyond the traditional boundaries of finance.

This move is seen as a strategic step to expand collaboration channels with promising overseas platform companies and to broaden everyday financial touchpoints.

Gwangju Bank, together with JB Financial Group, participated in this investment. With the signing of this investment, the two companies plan to jointly explore new market opportunities through various strategic collaborations, including linking financial services within the OKC platform.

Ko Byungil, CEO of Gwangju Bank, stated, "This strategic investment marks an important starting point for securing future competitiveness," adding, "Through collaboration with OKC, we will create tangible synergies and secure a competitive edge in Vietnam's digital finance market."

Meanwhile, Gwangju Bank, recognizing Vietnam's future growth potential, entered the overseas market in 2020 through its first overseas subsidiary, JB Securities Vietnam (JBSV). Since then, it has established its position as a comprehensive local securities company through corporate bond issuance management, online securities brokerage, and margin loan services. This latest investment is seen as a new attempt by Gwangju Bank to move beyond the traditional boundaries of finance and expand touchpoints with various industries.