KDI-Shinhan Card, Collaboration to Promote Data-Driven National Policy Research

[Sejong=Asia Economy Reporter Kim Hyunjung] The Korea Development Institute (KDI) announced on the 3rd that it signed a business agreement with Shinhan Card at Shinhan Card headquarters in Euljiro, Jung-gu, Seoul to promote ‘data-driven national development research cooperation.’

This agreement aims to enhance the level of research for national development through KDI’s data analysis and research capabilities and the vast consumer data held by Shinhan Card, contributing to the activation of the data economy in line with the Digital New Deal.

As an initial task, the two organizations plan to conduct national policy research closely related to social issues, such as studying industrial structure changes based on COVID-19 and the effects of the national support fund, as well as delivery app consumption data.

Additionally, they intend to strengthen data-driven research and discover indicators by utilizing consumer data of 27.5 million people and approximately 350 million monthly transactions across various economic and social research fields.

The agreement ceremony was attended by KDI President Hong Jangpyo, Shinhan Card CEO Lim Youngjin, and officials from both organizations.

KDI President Hong Jangpyo said, "The value of fast and accurate data has become more important than ever to diagnose and evaluate the rapidly changing economic situation since the outbreak of COVID-19. I consider it meaningful that the two organizations are joining forces in the data economy, which is essential for policy formulation, at this time."

Shinhan Card CEO Lim Youngjin stated, "We will spare no effort or support to establish this data cooperation as another successful model achieved jointly by a national research institute and a private company."

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