Shinhan Card Signs Industry-First MOU for Used Car Trading Complex and Financial Services
Shinhan Card Signs Agreement with AutoMeca in Cheonan Used Car Complex
Providing Transparent Used Car Transaction Information and One-Stop Service from Purchase to Transfer Registration
[Asia Economy Reporter Oh Hyung-gil] Shinhan Card announced on the 7th that it has signed a financial partnership agreement with 'Automeca in Cheonan,' the largest used car sales complex in the Chungnam area, scheduled to be completed in August this year.
The partnership agreement ceremony was held at Shinhan Card headquarters with the attendance of Odongwook, CEO of Automeca in Cheonan, Choi In-seon, head of Shinhan Card's MF (Multi Finance) Group, and other related personnel.
Automeca in Cheonan is a modern used car sales complex with two basement floors and five above-ground floors, housing about 60 dealerships and capable of continuously displaying around 2,500 vehicles. Automeca in Cheonan plans to operate a smart transaction system that provides transparent real vehicle transaction information. Additionally, customers can use a test drive program within the complex, as well as automobile maintenance, insurance, car purchase financial services, and ownership transfer registration all in one place.
Through this partnership, customers who wish to trade used cars at Automeca in Cheonan will be able to use Shinhan Card's auto installment financing. Also, dealerships within the complex can use Shinhan Card's inventory financing when purchasing vehicles for sale.
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A Shinhan Card official stated, "This business agreement is significant as it is the first financial partnership by a card company in the used car sales complex financial market, which has been centered on large capital companies," adding, "We will strive to make Automeca in Cheonan the largest car sales complex in the Chungnam area by providing Shinhan Card's marketing capabilities and differentiated financial services, creating a win-win model for both dealerships and customers."
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