SC First Bank-GS Retail MOU... "Joint Marketing Synergy"

On the 14th, at the SC First Bank headquarters in Jongno-gu, Seoul, Jang Ho-jun, Vice President of the Retail Finance Division at SC First Bank (left), and Kim Jong-su, Head of the MD Division at GS Retail, posed for a commemorative photo after signing a memorandum of understanding (MOU) for business cooperation between the two companies. Photo by SC First Bank

[Asia Economy Reporter Kim Min-young] SC First Bank announced on the 15th that it has signed a Memorandum of Understanding (MOU) for business partnership with GS Retail.

Through the MOU signed the previous day at the bank's headquarters in Jongno-gu, Seoul, the two companies will work to enhance convenience for customers using financial and distribution services. SC First Bank plans to jointly conduct promotions and marketing targeting customers who use GS Retail's extensive distribution network and various brands.

Under this partnership, transaction fees for SC First Bank customers will be reduced at approximately 10,000 cash dispensers (CD) and automated teller machines (ATM) of GS25, GS Retail's convenience store chain. Starting from the 20th, SC First Bank customers using GS25's CD or ATM machines during bank business hours will be fully exempt from fees for deposits, withdrawals, and account transfers between SC First Bank accounts.

Jang Ho-jun, Vice President of Retail Finance Headquarters at SC First Bank, said, “We will continue to collaborate with GS Retail in many areas where finance and distribution can create synergy. Through this, we will continuously offer more convenient and innovative services to customers of both companies.”

This content was produced with the assistance of AI translation services.