Woori Bank Partners with Korea Minting and Security Printing Corporation to Boost Public Gift Certificates

Woori Bank announced on the 24th that it signed a 'Memorandum of Understanding (MOU) for Public Gift Certificate Business Cooperation' with the Korea Minting and Security Printing Corporation at its headquarters in Jung-gu, Seoul on the 23rd.

Starting with the signing of this MOU, Woori Bank and the Korea Minting and Security Printing Corporation plan to actively collaborate on revitalizing public gift certificates and discovering new gift certificate service models by leveraging the business capabilities of both companies.

To promote public gift certificates, Woori Bank will carry out fund management linked to accounts and firm banking, develop exclusive products for public gift certificates, and sell and promote public gift certificates through its sales channels. The Korea Minting and Security Printing Corporation plans to launch a highly convenient public gift certificate service within the year, including mobile app development, operation, management, and merchant management and support.

Additionally, both companies will establish various policies that provide practical support to the livelihood economy, such as promotions to encourage the use of public gift certificates and discounts on payment fees.

Jo Byung-kyu, President of Woori Bank, stated, “Expanding the use of public gift certificates has the effect of increasing sales for small business owners,” and added, “Using the know-how of Woori Bank and the Korea Minting and Security Printing Corporation, we will provide a new form of public gift certificate service that combines finance and platforms to contribute to revitalizing the livelihood economy.”

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