Gibo and KakaoBank Promote Non-Face-to-Face and Digital Financial Support Activation

Establishment of a Non-Face-to-Face Financial Support Platform
Enhancing Financial Convenience for Small and Medium Enterprises

The Korea Technology Finance Corporation announced on the 20th that it has signed a "Business Agreement to Promote Non-Face-to-Face and Digital Financial Support" with KakaoBank. This agreement was established in response to the recent expansion of mobile-based non-face-to-face financial services by internet-only banks, aiming to provide rapid financial services to small and medium-sized enterprises and to align with the government's policy to create a digital innovative financial ecosystem.

This is the second business agreement with an internet-only bank following K Bank on the 8th, and under the agreement, both institutions will mutually cooperate on ▲building a non-face-to-face financial support platform ▲joint development of non-face-to-face and digital financial products ▲exchange of corporate data and network establishment.

Kim Jong-ho, Chairman of Kibo (right), and Yoon Ho-young, CEO of Kakao Bank, are posing for a commemorative photo after signing a business agreement.

In the future, Kibo will introduce a 'One-Stop Guarantee System' through KakaoBank's non-face-to-face channels, enabling integrated processing from guarantee application and reception, data collection, guarantee contracts, to loan execution. With this agreement, KakaoBank's platform competitiveness combined with Kibo's guarantee support expertise is expected to provide innovative financial services that allow small and medium-sized enterprises to apply for guarantees and loans at once without visiting branches.

Kim Jong-ho, Chairman of Kibo, stated, “Kibo will expand collaboration with internet-only banks to lead the establishment of innovative financial platforms that customers can conveniently use and to promote digital finance,” adding, “We will continue to develop differentiated financial services based on innovative technologies to support the successful growth of small and medium-sized venture companies.”

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