Woori Bank Signs Business Agreement with Naver to Promote Digital Innovation Projects

Hwang Won-cheol, Head of DT Promotion Team at Woori Bank (right), and Yoo Bong-seok, Head of Service Operations at Naver, are posing for a commemorative photo after signing a strategic business partnership agreement for the joint promotion of financial-IT innovation convergence projects.

[Asia Economy Reporter Kwangho Lee] Woori Bank announced on the 9th that it has signed a strategic business agreement with Naver to promote a digital innovation project that combines finance and IT.

Through this agreement, the two companies plan to pursue ▲ development of content and joint marketing linking financial and platform services for the MZ generation ▲ cooperation to expand the use of Woori Bank and Naver certificates ▲ enhancement of user benefits linked to Naver electronic documents and certification services ▲ joint development of financial and platform convergence service packages targeting B2B2C (business-to-business-to-consumer) transactions.

First, the two companies agreed to jointly promote a smart campus project for universities. They plan to provide online simple authentication using Woori Bank and Naver certificates for university students and faculty, tuition payment services through Woori Bank, simple payment linked with Naver electronic documents, campus-exclusive simple payments, and easy remittances.

A Woori Bank official said, "We plan to provide differentiated innovative services by combining the accumulated know-how in finance, IT, and portal services of both companies," adding, "Based on this agreement, we will strengthen the cooperation system and continuously discover new businesses."

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