The Teachers' Mutual Aid Association Signs Business Agreement with Incheon Office of Education for Win-Win Cooperation with Small Business Owners

The Korea Teachers' Credit Union announced on the 6th that it has signed a Memorandum of Understanding (MOU) with the Incheon Metropolitan Office of Education, the Incheon Small Business Association, and the Incheon Industrial Promotion Association to revitalize the local economy of Incheon Metropolitan City.

S2B is an electronic procurement system specialized for negotiated contracts used by educational institutions and public institutions subject to local contract laws. Through this agreement, the Teachers' Credit Union will provide a system on S2B to expand the purchase of products from local companies within Incheon Metropolitan City. The Incheon Metropolitan Office of Education will encourage educational institutions to prioritize purchasing goods from local companies using S2B, while the Incheon Small Business Association and the Incheon Industrial Promotion Association plan to promote registration guidance and membership promotion for local companies in Incheon on S2B.

Kim Sang-gon, Chairman of the Korea Teachers' Credit Union, said, "We hope that products from local companies will be sold first through S2B, leading to a substantial expansion of sales channels for small business owners in the Incheon area," and added, "We hope this MOU will contribute to the revitalization of small businesses in Incheon and the development of the local economy."

The Teachers' Credit Union has previously signed MOUs with 17 metropolitan and provincial offices of education and 13 education support offices nationwide to promote the use of S2B, which is used by educational institutions and public institutions subject to local contract laws, and to expand the educational procurement market.

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