"Residential Real Estate Platform Business Collaboration"… Hana Bank Partners with DN Korea
Providing Rent Collection and Settlement Automation Solutions and Financial Support Including Monthly Rent Securitization
[Asia Economy Reporter Minwoo Lee] Hana Bank is partnering with real estate specialized fintech (finance + technology) company DN Korea to carry out a residential real estate platform collaboration project. DN Korea will provide various solutions, and Hana Bank will support the necessary financing.
On the 30th, Hana Bank announced that it signed a "Memorandum of Understanding (MOU) for Residential Real Estate Platform Collaboration" with DN Korea at Hana Bank's headquarters in Jung-gu, Seoul the previous day.
Accordingly, Hana Bank will support DN Korea's ▲solutions for automating rent settlement tasks ▲financing for securitization based on platform monthly rent income to activate the real estate platform. In addition, various business collaborations will be promoted, such as providing ▲customized financial products for landlords and tenants using the platform ▲residential support services for foreign-invested companies and foreigners.
DN Korea is a real estate specialized fintech company founded by CEO Matthew Shampine, a founding member of the global shared office company 'WeWork' and former CEO of WeWork Korea. It offers the 'Dongnae FLEX' monthly rent product, which provides tenants with flexible deposits and contract periods.
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Sung Youngsoo, Vice President of Hana Bank's CIB Group, said, "The real estate fintech market is active overseas, and new real estate-related services combining 4th industrial revolution technologies and financial services are being created," adding, "In response to the spread of COVID-19 and changes in telecommuting and lifestyles, we will provide competitive financial services demanded by the residential real estate market."
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