What Are My Business Capabilities? ... Evaluation Service for Individual Entrepreneurs Launched
Korea Credit Information Launches 'CreditNote'
A service that can evaluate the business capabilities of individual entrepreneurs has been launched. Korea Credit Service (KCS) announced on the 16th that it has launched "Credit Note," a service that evaluates the business capabilities of individual entrepreneurs.
Credit Note is a business capability evaluation service based on KCS's individual entrepreneur credit evaluation model. KCS's individual entrepreneur credit score assesses creditworthiness based on business performance. Since the business credit score is calculated based on actual business data such as purchases and sales of the business site, it can intuitively show how well the business is doing. It also provides features to compare and analyze business performance by industry and commercial district.
It takes 3 minutes to analyze the business performance of a business site using Credit Note. By linking only the Hometax information, business owners can utilize the business performance of all their business sites. Basic features include ▲ "Business Report Card," which provides detailed evaluations of business performance by specific areas ▲ "Business Site Analysis," which allows comparison with other business sites by commercial district and industry ▲ "Monthly Report," which analyzes monthly sales details of the business site and provides forecasts based on them. All features are available for free.
The individual entrepreneur credit score used in Credit Note's business capability evaluation is expected to be utilized in financial services for individual entrepreneurs, such as credit loans, in the future. Through this, it is expected to overcome the limitation where individual entrepreneurs could not receive sufficient recognition for their business performance despite good sales when applying for loans. Currently, Korea Credit Service is partnering with numerous financial institutions and fintech companies.
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Kim Sang-woo, CEO of Korea Credit Service, said, "We plan to continuously launch credit evaluation report services that individual entrepreneurs can use to objectively prove their creditworthiness, and 'Credit Report' services that allow a quick overview of the status of business partners."
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