KT CEO Koo Hyun-mo Visits K Bank New Headquarters... Discusses Expansion of Financial Synergy

[Asia Economy Reporter Kiho Sung] KT CEO Koo Hyun-mo recently visited K Bank's new headquarters in Euljiro, Seoul, to encourage employees, it was reported on the 25th. This is the first time Koo has visited the K Bank building since officially taking office as KT's CEO in March last year.

On the 22nd, Koo visited K Bank, greeting employees individually with a "Nice to see you" and exchanging fist bumps, while distributing rice cakes to celebrate the move into the new headquarters. K Bank moved into the new Euljiro headquarters in early last month.

Koo said, “This is my first visit to K Bank since the relocation to the new headquarters. Recently, the number of customers and deposits have increased significantly, creating a positive atmosphere,” adding, “I support K Bank’s positive transformation in 2021.”

Koo’s visit appears aimed at encouraging K Bank employees who have shown rapid growth since the capital increase in July last year, and discussing synergy plans with KT Group’s financial affiliates, which are considered key future growth engines.

At a press conference last October, Koo described the capital increase at K Bank as “solving a long-standing issue,” showing his special attention to K Bank. K Bank was officially incorporated into KT Group in September last year, three and a half years after its official launch in April 2017.

On this day, Koo received reports from Seo Ho-sung, K Bank’s CEO, on the direction of group synergy initiatives and improvements in the app’s UI/UX (user interface/user experience).

K Bank and KT currently plan to expand their cooperation, which has so far focused on CSS (credit scoring system) development and marketing, into other areas.

In particular, K Bank is exploring ways to offer differentiated customer benefits through collaboration with KT, with plans to sequentially launch synergy products in the market as early as the first half of this year.

A K Bank official said, “Koo’s direct visit to K Bank sends a message that KT Group regards the financial business as extremely important,” adding, “We will continue to release products that enhance customer benefits and convenience by further strengthening financial ICT convergence.”

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