AlSquare Collaborates with IBK Industrial Bank to Digitalize Services

RSquare announced on the 14th that on the 13th, it signed a 'Business Agreement (MOU) to Promote Mutual Cooperation in Corporate Real Estate Digital Services' with IBK Industrial Bank of Korea at the IBK Industrial Bank of Korea headquarters in Jung-gu, Seoul.

The event was attended by RSquare CEO Lee Yong-gyun, Head of Real Estate Business Division Ji Hyun-seok, Chief Financial Officer (CFO) Jung Min-seon, as well as IBK Industrial Bank of Korea Digital Group Head Park Ju-yong, Digital Innovation Headquarters Head Seok Hye-jung, and Corporate Digital Channel Head Han Chan-woo.

Through this agreement, both companies plan to cooperate in △ linking IBK Industrial Bank of Korea’s corporate internet banking with RSquare’s services, △ providing services utilizing RSquare’s database-related technology and capabilities to IBK Industrial Bank of Korea customers, and △ establishing a mutual cooperation system including the development of linked services by RSquare.

RSquare provides services such as purchase and sale consulting, asset management (PM), lease brokerage, and interior remodeling for all commercial real estate assets including office buildings, logistics centers, and retail (commercial facilities).

Recently, RSquare has entered the data analytics business based on information on 300,000 domestic and international office and commercial buildings secured through a full survey. Although the solution visualizing market information such as building specifications, lease trends, supply, transaction cases, and vacancy rates has not yet been launched, it has already signed supply contracts with Aegis Asset Management, Koramco Asset Trust, and major domestic and international financial institutions and investors.

Lee Yong-gyun, CEO of RSquare, said, "We will share high-quality data and services with IBK Industrial Bank of Korea to maximize customer satisfaction," adding, "We hope that the collaboration between the two companies will help domestic companies find office and commercial spaces."

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