The Kyojikwon Nara and IBK Industrial Bank Sign Business Agreement... "Supporting Small Business Owners"

The KTEA (The Korea Teachers' Credit Union) subsidiary, The K Teachers' Nation, which operates the designated information processing device S2B entrusted by the Ministry of the Interior and Safety, has decided to introduce an S2B-exclusive purchase card through a business agreement with IBK Industrial Bank of Korea to enhance user convenience for client institutions along with the introduction of a card payment system.

The designated information processing device S2B is an electronic procurement system used by all public institutions subject to the Local Contract Act, including educational institutions. Public institutions have continuously requested the provision of services to enable convenient card payments on S2B, similar to internet shopping malls. Accordingly, starting in the second half of the year, a service will be provided to allow payments using corporate cards used by public institutions when utilizing S2B quotation information.

In addition, to eliminate the inconvenience of having to enter card information every time a card payment is made, a card batch payment function service that allows input only once initially will be operated in collaboration with IBK Industrial Bank of Korea.

Lee Sang-mok, CEO of The K Teachers' Nation, said, "Through collaboration with IBK Industrial Bank of Korea, we will provide more convenient services to user institutions, which will further activate S2B," adding, "This will also help the mutual growth of local small business owners and SMEs participating in public procurement through S2B and contribute to revitalizing the local economy."

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