Shinhan Financial Group Signs 'Used Car Platform Partnership' Agreement with AutoHands

From the left, Choi Jae-hoon, Head of Multi Finance Group at Shinhan Card, Kang Gui-ho, CEO of Auto Hands, and Jung Sang-hoon, Head of SI Finance Division at Shinhan Capital, are taking a commemorative photo after signing a business agreement.

[Asia Economy Reporter Kwangho Lee] Shinhan Financial Group announced on the 31st that it has signed a partnership with used car specialist company AutoHands to secure a leading position in the future digital-based used car market.

At the signing ceremony, an investment agreement of 10 billion KRW was also signed for the country's first digital strategic investment (SI) fund by a financial group, 'One Shinhan Connect New Technology Investment Association No. 1,' created under the strong will of Chairman Cho Yong-byeong to build Shinhan's differentiated digital ecosystem. The SI fund is managed by Shinhan Capital.

Meanwhile, AutoHands is a used car specialist company affiliated with a dealer network of over 400 dealers and provides online used car auction services for 'Sell My Car & Buy My Car' through its own platform, 'AutoInside.'

Through this partnership with AutoHands, Shinhan Card has been able to strengthen the used car section of Shinhan My Car, a comprehensive digital automobile platform.

A Shinhan Financial Group official said, "This business agreement is significant as the first step toward a shared goal of providing easier and more convenient new services to customers who want to purchase used cars," adding, "Going forward, we will maximize synergy effects in the online used car trading market through collaboration between Shinhan My Car and AutoInside."

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