Woori Bank to Create Exclusive 'Yonsei Pay·Coin' for Yonsei University

Joint Business Agreement between Naver and Yonsei University

Woori Bank signed a 'Smart Campus Business Cooperation Agreement' with Naver and Yonsei University at the Yonsei University Main Building located in Seodaemun-gu, Seoul. Kwon Kwang-seok (right), President of Woori Bank, Han Seong-sook (left), CEO of Naver, and Seo Seung-hwan (center), President of Yonsei University, are posing for a commemorative photo.

[Asia Economy Reporter Kim Jin-ho] Woori Bank announced on the 7th that it has signed a 'Tripartite Business Agreement for the Joint Construction of a Yonsei University Exclusive Smart Campus' together with Yonsei University and Naver.

At the signing ceremony, Kwon Kwang-seok, President of Woori Bank, Seo Seung-hwan, President of Yonsei University, and Han Seong-suk, CEO of Naver, attended. Through this business agreement, the three companies agreed to actively cooperate in building the smart campus by combining their accumulated expertise in finance, platforms, and education.

The plan includes ▲ Yonsei University exclusive simple payment service ‘Yonsei Pay’ ▲ development of Yonsei University exclusive digital currency ‘Yonsei Coin’ ▲ online authentication services for students and faculty using Woori Bank and Naver’s own certificates ▲ lecture and group assignment collaboration and sharing, real-time quizzes, schedule management services ▲ joint development of blended education and learning solutions based on artificial intelligence and educational big data.

In particular, ‘Yonsei Pay’ is a mobile-based simple payment service available to students and employees at the university and affiliated merchants. It plans to implement an integrated payment platform equipped with financial functions such as simple remittance and Dutch pay. The exclusive digital currency ‘Yonsei Coin’ is a membership point system where points are accumulated based on participation in school activities such as lecture attendance and use of campus facilities. Accumulated points can be used at campus facilities and more.

President Kwon stated, "We plan to provide convenient and creative various services centered on users by integrating financial and non-financial sectors.”

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