Korea Information Services (KCS) announced on the 13th that it had attracted a new investment of 1 billion won from Hana Bank. With this investment, KCS has now received investment from half of the four major financial holding banks in Korea. KCS had already received an investment from Kookmin Bank in January 2022.
Through this investment, KCS plans to cooperate with Hana Bank in various financial fields, such as expanding small business loans and collaborating on policy fund pre-diagnosis services. KCS has attracted a total of 2 billion won in new investments so far, and has exceeded 22.2 billion won in cumulative investments from six banking institutions. This investment is a result of the recognition of the need for small business evaluation models and data, and shows the potential for KCS’s continued growth.
KCS provides credit rating data to small business owners and individual business owners through 'Credit Note', a credit rating service for individual business owners, and also operates a service that quickly issues credit rating certificates used in public institution bidding. This service is growing rapidly in the market, recording about 30 times growth in just 6 months. The number of businesses using KCS's service is over 160,000 (as of December 2024).
In addition, KCS is providing policy financing and guarantee diagnosis services for small business owners in cooperation with major public institutions such as the Small Business Market Promotion Agency and the Seoul Credit Guarantee Foundation, and plans to launch credit rating information and business site integrated analysis services for small business owners with short business history within this year.
Jeon Byeong-woo, head of the Corporate Business Division at Hana Bank, said, “KCS is the best partner to work with KCD, which emphasizes community values centered on small business owners,” and “Hana Bank plans to create new synergies through cooperation with KCS in various financial areas, such as expanding loans to small business owners and pre-diagnosis services for policy funds, and expand this across the group.”
Kim Sang-woo, CEO of Korea Credit Information Service (KCS), said, “KCS has brought Hana Bank on as a new partner in recognition of its potential for continuous and stable growth as a self-employed CB operator.” He added, “KCS will create more financial opportunities by connecting the potential of self-employed individuals with credit, grow together with customers, and provide greater value.”
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