Woori Bank, the First in the Financial Sector to Launch Digital Public Fund Network Platform 'OneBiz Plaza'

Supply Chain Management and Financial Services Integration
Early Fund Securing with Electronic Purchase Contracts Only

[Asia Economy Reporter Minwoo Lee] Woori Bank is launching the first platform in the domestic financial sector that integrates supply chain management with financial services.

Woori Bank announced on the 23rd that it has launched this platform called 'OneBiz Plaza.'

As a result, medium-sized and small enterprises that find it difficult to build their own purchasing solutions can join without additional costs to carry out purchasing tasks and collaborate with partners in real time. This allows for convenient and transparent purchasing operations by utilizing digital-based electronic purchasing services, moving away from manual and information-search-dependent purchasing methods.

Previously, Woori Bank signed an agreement with SGI Seoul Guarantee Insurance and launched a dedicated product for OneBiz Plaza members called 'Woori SGI Agreement Working Capital Loan.' Through this, liquidity is supplied to partner companies recommended by purchasers from the initial production stage. Until now, partner companies have secured funds through invoice issuance followed by bill discounting, but now they can secure funds early with confirmed electronic purchasing contracts alone.

In the future, Woori Bank plans to continuously develop and provide financial services desired by companies based on non-financial data secured through OneBiz Plaza.

Additionally, to support efficient purchasing management, services such as ▲real-time raw material/market conditions ▲supply chain ESG (carbon emission management) ▲legal and tax affairs management will also be linked and supported.

A Woori Bank official stated, "Since this is the first project attempted in the financial sector, we will focus all our capabilities initially to establish it as a super-innovative platform in the digital finance era and continue efforts to make it a new model for corporate finance. We will closely collaborate so that it becomes the first step of a digital universal bank providing various financial and non-financial services from group companies such as Woori Card, Woori Financial Capital, and Woori Comprehensive Financial."

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