SGI Seoul Guarantee Partners with Bank of China to Expand Support for Low-Income Finance
SGI Seoul Guarantee Products Available for Mortgage Loans and Jeonse Loans at Bank of China
Moon Bong-gi, Head of Strategic Sales Division at SGI Seoul Guarantee Insurance (left), and Zhuo Jianjun, CEO of Bank of China Seoul Branch, are posing for a commemorative photo after signing the 'SGI Seoul Guarantee Insurance - Bank of China Business Agreement' at the SGI Seoul Guarantee Insurance headquarters in Jongno-gu, Seoul. (Provided by SGI Seoul Guarantee Insurance)
View original image[Asia Economy Reporter Minwoo Lee] SGI Seoul Guarantee Insurance is expanding support for low-income financial services by partnering with the Bank of China Seoul Branch. It is expected that customers will be able to use mortgage loans and jeonse deposit loans guaranteed by SGI Seoul Guarantee Insurance at the Bank of China as well.
On the 20th, SGI Seoul Guarantee Insurance announced that it had signed a "Business Agreement for Marketing Activation and Expansion of Personal (Low-Income) Financial Support" with the Bank of China Seoul Branch the previous day.
Accordingly, individual customers will be able to use low-income support financial products such as mortgage insurance guaranteed by SGI Seoul Guarantee Insurance, jeonse deposit loans, and automobile purchase loans through the Bank of China.
Through this agreement, the two institutions plan to establish a business network to provide necessary personal financial products to all individuals residing in Korea. In particular, they intend to launch various financial products such as "employee apartment mortgage loans."
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Moon Bong-gi, Head of Strategic Sales at SGI Seoul Guarantee Insurance, stated, "Through this agreement, we will further expand various collaborative relationships with the Bank of China to contribute to the economic stability of low-income individuals and the development of the national economy by expanding personal financial support."
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