GS Retail Partners with Korea Enterprise Data to Support Credit Management for SME Partners

Kim Jong-su, Head of MD Division at GS Retail (left in photo), and Song Byung-sun, CEO of Korea Enterprise Data, are posing for a commemorative photo after signing an MOU on the 5th. Photo by GS Retail

[Asia Economy Reporter Minyoung Cha] GS Retail announced on the 6th that it signed a ‘Credit Evaluation Business Partnership for Win-Win Cooperation with Small and Medium Enterprises’ at the headquarters of Korea Enterprise Data in Seoul on the 5th. The signing ceremony was attended by Jongsu Kim, Head of GS Retail MD Division, and Byungseon Song, CEO of Korea Enterprise Data.

Through this MOU, GS Retail and Korea Enterprise Data will cooperate and support the financial status check and credit evaluation for sound transactions with partner companies.

By establishing a mutual cooperative relationship with Korea Enterprise Data, GS Retail will be able to provide cost reduction benefits and financial data-related services for the corporate credit evaluation services conducted annually by more than 1,000 partner companies.

The two companies plan to build a systematic cooperation system and collaborate to develop differentiated services that leverage the strengths of distribution companies and corporate credit evaluation specialists. They will also seek activities that contribute to the development of domestic small and medium enterprises and create various business opportunities.

A GS Retail official said, “We are pleased to sign a business partnership agreement with Korea Enterprise Data, which leads the domestic corporate credit information and evaluation market, to reduce the workload and cost burden of our partners and help secure credit management and financial soundness.” He added, “Going forward, GS Retail will continue efforts to grow together by carrying out various win-win activities to strengthen the competitiveness and co-growth of our partners.”

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