Gyeongnam Bank Partners with Toss Bank for Joint Product Development

Activating Partnership Channels Through Collaboration

Gyeongnam Bank announced on June 11 that it has signed an "Agreement for Joint Product Development and Mutual Innovation" with Toss Bank. The signing ceremony, held at the Toss Bank headquarters in Gangnam, Seoul, was attended by Kim Taehan, President of Gyeongnam Bank, Lee Eunmi, CEO of Toss Bank, and other related officials.

Under the agreement, the two banks have agreed to cooperate in the joint development, launch, operation, and management of products, as well as in joint marketing of products and services, and in partnerships related to services.

The jointly developed product to be launched in the future is a personal credit loan product. When a customer applies for a loan through the Toss Bank application (app), both banks will conduct their own reviews, after which the loan limit and interest rate will be jointly determined.

The loan will be executed in a single process through the Toss Bank app, and customers will be able to access a variety of loan-related services, including principal and interest payments, issuance of various certificates, and customer consultations.

President Kim stated, "It is very meaningful to be able to launch a joint loan product as our first collaborative project with Toss Bank, which has been ranked No. 1 in the Korean sector of the World's Best Banks by Forbes for three consecutive years. I expect that, with BNK Gyeongnam Bank and Toss Bank working together, we will be able to provide even more benefits to our customers."

Kim Taehan, President of Gyeongnam Bank (left), and Lee Eunmi, CEO of Toss Bank, are signing the "Agreement for Joint Product Development and Mutual Innovation." Provided by Gyeongnam Bank

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