KT Launches Debt Document Management System for Loan Companies

As Part of Electronic Document DX

[Asia Economy Reporter Minyoung Cha] KT announced on the 25th that it has launched the 'Debt Document Management System' service, which digitizes the debt management of lending companies.

KT's Debt Document Management System links the Public Electronic Document Center (PEDC) API (Application Programming Interface) with this system and provides it to companies, allowing them to enter into electronic contracts and store the original contracts at the PEDC.

Additionally, KT is considering a method for companies to store existing paper contracts at the PEDC through scanning.

To launch this service, KT formed an electronic document DX (Digital Transformation) One Team last August with 14 companies including NetKTI, and in April this year, it obtained the designation approval for the PEDC from the Ministry of Science and ICT for the first time in Korea.

KT is providing the Debt Document Management System to Taegang Daebu, one of the excellent lending companies selected by the Financial Services Commission, and plans to expand the service to other lending companies such as Leadcorp by reflecting each company's requirements.

Kim Youngsik, Executive Director of KT DX Platform Business Division, said, "With the Debt Document Management System, KT has enabled lending companies to innovate their business processes and practice paperless, eco-friendly ESG (Environmental, Social, and Governance) management."

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