KakaoBank Partners with Shinbo to Support Small Business Financing

Signing of Business Agreement to Promote Non-Face-to-Face Finance

KakaoBank announced on the 12th that it has signed a 'Non-face-to-face and Digital Finance Activation Business Agreement' with the Korea Credit Guarantee Fund for small business owners.

Through this agreement, KakaoBank will jointly develop a non-face-to-face guaranteed loan product for individual business owners with the Korea Credit Guarantee Fund. In addition, they plan to actively cooperate in advancing business credit evaluation models and data exchange.

Prior to this, KakaoBank has strengthened financial support for small business owners by launching a 100% non-face-to-face individual business owner guaranteed loan and making a special contribution of 1.5 billion KRW to the Credit Guarantee Foundation.

A KakaoBank official stated, "We have united our intentions with the Korea Credit Guarantee Fund to activate financial support for corporate re-leaps and to respond to the government's digital innovation finance ecosystem creation policy," adding, "By combining KakaoBank's financial technology and the Korea Credit Guarantee Fund's digital-based guarantee know-how, we will be able to provide high-quality financial products and services to small business owners."

Yoon Ho-young, CEO of KakaoBank (right), and Choi Won-mok, Chairman of the Korea Credit Guarantee Fund, are attending the "Non-face-to-face and Digital Finance Activation Business Agreement" held on the 12th and taking a commemorative photo. Photo by KakaoBank

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