Mubo Launches 'Mobile Direct Guarantee and Insurance' for COVID-19 Crisis Response

"Easy Work Processing Anytime, Anywhere with Mobile Phones... Realizing 'Trade Insurance in My Hand'"

Source=Korea Trade Insurance Corporation

[Asia Economy Reporter Moon Chaeseok] A program has been developed that allows trade guarantees and insurance to be handled anytime, anywhere via mobile phones. In the future, it will be possible to process these tasks without visiting guarantee institutions or bank branches.

The Korea Trade Insurance Corporation announced on the 22nd that it recently launched 'Mobile Direct Guarantee' and 'Mobile Direct Insurance.'

This was prepared to support companies' overseas market expansion and strengthen financial liquidity despite the COVID-19 crisis.

The Direct Guarantee service opened on the 18th. The Direct Insurance service is scheduled to officially open next month after a pilot operation.

The biggest feature of Direct Guarantee and Insurance is that all processes from application to subscription can be completed at once via mobile phones.

Customers do not need to visit branches to submit documents or handle tasks directly. An automatic screening system has been introduced to allow immediate subscription upon application.

In particular, the Direct Guarantee has the advantage of allowing both guarantee and loan services to be accessed within a single application. There is no need to visit guarantee institutions or banks.

Additionally, Mubo became the first public institution to expand the target users of non-face-to-face (untact) Direct Guarantee from individual businesses to corporations. Mubo emphasized that the introduction of mobile Direct Guarantee and Insurance realizes 'Trade Insurance in Your Hand.'

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