Shinbo Collaborates with Jeongi Construction Mutual Aid Association to Promote Innovative Finance through 'Data Exchange'

[Asia Economy Reporter Song Seung-seop] The Korea Credit Guarantee Fund announced on the 7th that it has signed a "Business Agreement for the Activation of Data Exchange" with the Electric Construction Mutual Aid Association.

This agreement was established to create new value through the mutual exchange of data held by both organizations and to promote innovative financial services based on non-financial information such as commercial credit indices.

According to the agreement, the Korea Credit Guarantee Fund will utilize various corporate information provided by the Electric Construction Mutual Aid Association to enhance the commercial credit index. The Electric Construction Mutual Aid Association plans to use the Korea Credit Guarantee Fund's commercial credit index and big data-based corporate analysis information for corporate credit evaluation, guarantees, and loan project reviews.

Additionally, the two organizations will continue to expand exchanges regarding the development of customer-oriented services based on big data analysis and measures to improve work efficiency.

A representative of the Korea Credit Guarantee Fund emphasized, "This agreement lays the foundation for data-based collaboration between the two organizations and establishes a mutual cooperation system to enhance data competitiveness. We will continue to strengthen data competitiveness through ongoing exchanges with related institutions."

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