Kibo Signs 'Financial Support Platform Establishment MOU' with Kookmin, Woori, and Hana Banks

Activation of One-Click Warranty and Introduction of CleanPlus Warranty

On the 16th at Yeouido 63 Square, (from left) Yoon Joon-tae, Manager of Kookmin Bank; Park Seong-bong, Manager of Woori Bank; Lee Dong-hyun, Manager of Hana Bank; and Lee Jae-pil, Manager of Kibo, are signing a business agreement to establish a financial support platform for promoting non-face-to-face services and ensuring transparency in fund usage.

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Jung Yoon-mo, hereinafter referred to as Kibo) announced on the 16th that it signed a "Business Agreement for the Establishment of a Financial Support Platform to Promote Non-face-to-face Transactions and Ensure Transparency in Fund Usage" with Kookmin Bank, Woori Bank, and Hana Bank at 63 Square in Yeouido.

Through this agreement, Kibo plans to activate 'One-Click Guarantee,' a non-face-to-face guarantee product first introduced by a guarantee institution, and actively promote the newly planned 'Clean Plus Guarantee' to ensure the transparency of policy funds.

One-Click Guarantee is Kibo's proprietary big data-based guarantee product developed to allow customers to know the eligibility for support from guarantee application with just a few clicks on the internet. It significantly simplifies the guarantee screening process to provide customer-centered financial services. In particular, last April, the guarantee support system was drastically improved to provide faster and easier guarantee support for companies affected by the novel coronavirus disease (COVID-19).

Clean Plus Guarantee is a guarantee product designed to enhance the convenience of operating fund execution frequently occurring in corporate management activities and to ensure the transparency of policy fund usage. After selecting dedicated businesses, infrastructure will be established with banks, and it is planned to be implemented from the second half of the year. Through this agreement, Kibo and the banks plan to lead the non-face-to-face (untact) era accelerated by COVID-19 and establish a financial support platform to ensure fund transparency.

A Kibo official stated, "Due to COVID-19, customers who prefer non-face-to-face services in financial transactions are rapidly increasing," adding, "Kibo will actively support companies in overcoming crises by building a digital platform ecosystem expected to play an important role in the post-COVID-19 era together with banks."

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