Korea Credit Data (KCD) and Daejeon Credit Guarantee Foundation announced on the 12th that they signed a business agreement (MOU) to strengthen the management stability and competitiveness of small business owners and self-employed workers in the Daejeon area.
This agreement is the first official case of cooperation between the two organizations to establish a practical support system based on data and contribute to the revitalization of the local economy. KCD operates the management service 'Cash Note', which is used by approximately 1.8 million businesses nationwide, and has been cooperating with national credit guarantee foundations and financial institutions, focusing on data-based financial services for small business owners.
According to the agreement, the two organizations plan to pursue joint cooperation in five areas: ▲improving the credit guarantee process through data linkage, ▲jointly operating management support programs for small business owners, ▲providing data for policy formulation and implementation, ▲expanding opportunities for policy promotion and support, and ▲cooperating to vitalize other regional economies.
This agreement is also drawing attention as it is linked to the 'Korea Soho Bank' consortium that Korea Credit Data is promoting together with Daejeon City. Korea Soho Bank is a project to establish an internet-only bank targeting small business owners with low financial accessibility. KCD is leading the consortium and plans to build its headquarters and core infrastructure in Daejeon.
Korea Credit Data has already signed business agreements with major regional credit guarantee foundations in Seoul, Gyeonggi, Busan, Daegu, and Incheon to provide high-interest loans and digital financial solutions. Through this collaboration with Daejeon Credit Guarantee Foundation, KCD plans to increase accessibility to financial services in the Daejeon area and strengthen the foundation for sustainable growth of local small business owners.
Kim Dong-ho, CEO of Korea Credit Data, said, “Daejeon is a key base area where the Korea Small Business Bank Consortium is launching,” and added, “Through this agreement, we will be able to provide practical help to small business owners in Daejeon by combining data-based management solutions and financial services.”
Yang Pil-hwan, chairman of the Daejeon Credit Guarantee Foundation, said, “In order to have a sustainable local economy, customized support based on digital technology is necessary,” and added, “Through this agreement, we will further strengthen the support system for small businesses in the region and continue to implement policies with high levels of tangible impact.”
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