Export-Import Bank and Douzone Bizon Sign Online Supply Chain Factoring Business Agreement

Improved Transaction Convenience with Buyer Credit Utilization and Paperless Method
Expected to Support Cash Flow for Indirect Export SMEs and Serve as a Pillar of the Supply Chain

Yoon Hee-sung, President of Su-eun (left), and Kim Yong-woo, CEO of Douzone Bizon, met on the afternoon of the 21st at the Douzone Bizon headquarters to sign a business agreement for 'Online Supply Chain Factoring' to support indirect export small and medium-sized enterprises.

[Asia Economy Reporter Song Hwajeong] The Export-Import Bank of Korea (hereinafter referred to as KEXIM) announced on the 22nd that it has signed a business agreement with Douzone Bizon to support indirect export SMEs through an 'online supply chain factoring' service.

Yoon Heeseong, President of KEXIM, and Kim Yongwoo, CEO of Douzone Bizon, met at Douzone Bizon's headquarters in Euljiro the day before and signed the business agreement.

The main contents of the agreement signed that day include ▲ the establishment of an online supply chain factoring system using Douzone Bizon's online platform (WEHAGO) ▲ development of customized financial services for small and medium-sized enterprises using big data.

With the establishment of the online supply chain factoring system through this agreement, it is expected that the accessibility of policy finance for low-credit SMEs focusing on indirect exports will be significantly improved.

It is possible to utilize the buyer's credit rating without a separate credit evaluation of the supplier, and the convenience of transactions is improved through a paperless and non-visit method using the online platform, which is expected to serve as a pillar that firmly connects the supply chain.

KEXIM plans to complete the system construction within this year and focus on supporting the government's core strategic industries such as electric vehicles, batteries, defense, and nuclear power from next year.

Yoon Heeseong, President of KEXIM, said, "We hope that through cooperation with Douzone Bizon, a leading domestic ICT company, this will provide practical help to indirect export SMEs that have been in the blind spot of financial support."

Kim Yongwoo, CEO of Douzone Bizon, said, "We hope that this business agreement will help alleviate the difficulties of SMEs struggling with fund management by cooperating with KEXIM, the representative export support policy finance institution."

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