Acceleration of Big Blur Phenomenon... Lotte Members Forms Strategic Partnership with Woori Bank
Digital Innovation and Business Collaboration MOU Signing
Lotte Members announced on the 16th that it has signed a "Strategic Business Agreement for Digital Innovation and Business Cooperation" with Woori Bank. The photo shows Jeon Hyung-sik, CEO of Lotte Members (left in the photo), and Kwon Kwang-seok, President of Woori Bank, taking a commemorative photo after signing the business agreement at Woori Bank's headquarters in Hoehyeon-dong, Seoul, on the 15th. Photo by Jeon Hyung-sik
View original image[Asia Economy Reporter Cha Min-young] Lotte Members announced on the 16th that it has signed a ‘Strategic Business Agreement for Digital Innovation and Business Cooperation’ with Woori Bank.
The signing ceremony held on the 15th at Woori Bank’s headquarters in Hoehyeon-dong, Seoul, was attended by Jeon Hyung-sik, CEO of Lotte Members, Kwon Kwang-seok, President of Woori Bank, and key officials from both companies.
Both companies will work together to improve customer service and convenience, and support win-win finance. They will officially begin developing convergence products that combine distribution and financial data. Based on 40 million L.POINT members and Lotte Group’s big data, they plan to build a personalized marketing platform and promote joint marketing and sales using online and offline platforms as well as domestic and international networks.
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Jeon Hyung-sik, CEO of Lotte Members, said, “With the enforcement of the Data 3 Act accelerating the big blur phenomenon, convergence services and combined product development across different industries are becoming more active. Based on the vast data accumulated in distribution and finance, we expect to introduce customized benefits tailored to various lifestyles and completely new services suited for the digital finance era.”
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