IBK, First Bank in Banking Sector to Open Metaverse Branch 'IBK Dotori Bank'

Kim Jae-hong, Vice President of IBK Industrial Bank's Personal Customer and Card Business Group (right), and Son Seong-min, CEO of Cyworld Z, are posing for a commemorative photo after signing an agreement on the 16th at IBK Finance Tower in Euljiro, Seoul.

[Asia Economy Reporter Kiho Sung] IBK Industrial Bank announced on the 18th that it has signed a "Service Collaboration and Partnership Agreement" with Cyworld Z and will open "IBK Dotori Bank" on the Cyworld metaverse platform.

"IBK Dotori Bank" is the first metaverse platform branch in the banking sector where anyone can visit anytime and anywhere to experience IBK's personal products and services.

IBK plans to launch customized financial products for Cyworld users, such as the "IBK Dotori Account (tentative name)" that provides rewards based on the number of Dotori purchases, and will also introduce a "metaverse financial experience service" incorporating game elements.

An IBK official stated, "Through this collaboration, we have secured a new future financial channel by implementing metaverse banking that complements the limitations of face-to-face and non-face-to-face channels," adding, "We will continue to launch various products and services to realize 'IBK Metaverse'."

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