KB Kookmin Bank and KB Kookmin Card Sign Data Utilization Agreement with Songpa District Office

Promoting Sustainable Growth of the Local Economy and Community
by Providing "KB Financial Data"

▲ KB Financial Group headquarters. Provided by KB Financial

KB Kookmin Bank and KB Kookmin Card announced on the 4th that they have signed a 'Financial Data and Analysis Technology Business Agreement' with Songpa District Office to provide customized financial data for local commercial districts and support the mutual growth of small business owners and the local economy.

This business agreement was signed to utilize analysis data related to the local economic status and consumption patterns of KB Kookmin Bank and KB Kookmin Card for policies and administrative service improvements aimed at enhancing residents' welfare, and to strengthen data cooperation between the public and private sectors. KB Kookmin Bank and KB Kookmin Card will supply 'KB Financial Data,' which uses various financial transaction statistics, to Songpa District Office and also provide consulting services related to data analysis.

Based on the regionally customized financial data from KB Kookmin Bank and KB Kookmin Card, Songpa District Office is expected to strengthen its 'digital district administration capabilities' and implement practical support policies for small business owners and individual entrepreneurs. In the future, KB Kookmin Bank, KB Kookmin Card, and Songpa District Office plan to expand data collaboration to contribute to the establishment of welfare policies for the elderly and low-income groups.

KB Kookmin Bank, KB Kookmin Card, and Songpa District Office have continuously cooperated to revitalize local commercial districts and support the growth of small business owners by utilizing financial data, including jointly conducting an analysis consulting project for 'Jamsil Saenae Station Commercial District Revitalization' last year. Additionally, Songpa District Office analyzed the expected effects of the 'Songpa Avenue' project, which aims to create a pleasant 1.5km walking path from Seokchon Lake to Garak Market Intersection, using KB Financial Data to analyze the local commercial district and residential environment.

Jo Young-seo, Vice President and Head of AI·DT Promotion Group at KB Kookmin Bank, stated, "We are proactively providing financial data and developing related products in the financial sector to contribute to government and public institution support measures not only for low birthrate countermeasures but also for small business owners and youth." He added, "KB Financial Group will continue to refine collaboration models based on data analysis and utilization and strengthen cooperation with other industries to grow together with local communities."

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