KakaoBank Signs Treasury Deposit Service Agreement with Jeonbuk Bank
[Asia Economy Reporter Sung Ki-ho] KakaoBank and JB Financial Group Jeonbuk Bank announced on the 9th that they have signed a Memorandum of Understanding (MOU) for a contract to become a Treasury Fund Collection Point.
KakaoBank plans to enter into a Treasury Fund Collection Point contract with Jeonbuk Bank, which already has a Treasury Fund Collection Agency contract with the Bank of Korea, and will begin treasury fund collection services within the fourth quarter of this year.
Once the main contract for system construction and treasury fund collection services is finalized, various domestic taxes such as income tax, value-added tax, customs duties, various fines, and social insurance premiums can be paid through KakaoBank accounts.
A Treasury Fund Collection Point refers to a financial institution that has a contract with the Bank of Korea as a Treasury Fund Collection Agency and handles treasury fund collection tasks connected to the Treasury Electronic Network.
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A KakaoBank official stated, “We decided to cooperate with Jeonbuk Bank to provide more convenient financial services.”
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