BC Card and KOSBI to Boost Competitiveness of Small Businesses and SMEs Through Data

Strengthening the Self-Sustainability of Small Business Owners Using Card Data
Joint Research on Development Strategies for Local Commercial Districts and Small and Medium Venture Companies

On July 29, BC Card announced that it had signed a business agreement with the Korea Small Business Institute (KOSBI) to promote domestic small business owners and small and medium venture companies based on data.

On the afternoon of the 28th, BC Card and the Korea Institute of Startup and Entrepreneurship Development signed a mutual business agreement to activate domestic small business owners and startups based on data at the BC Card headquarters in Euljiro, Seoul. From the left, Wonseok Choi, President of BC Card, and Joohyun Cho, President of the Korea Institute of Startup and Entrepreneurship Development. Photo by BC Card

Choi Wonseok, CEO of BC Card, and Cho Joohyun, President of KOSBI, held the signing ceremony the previous day at the BC Card headquarters in Euljiro, Jung-gu, Seoul.

Based on this agreement, the two organizations will establish a universal index system to strengthen the self-sustainability of domestic small business owners.

They also plan to continue mid- to long-term data cooperation in research areas related to local commercial districts and small and medium venture companies, which are the main research fields of KOSBI.

In particular, BC Card intends to utilize its industry-leading merchant infrastructure and the largest portfolio of licenses in the industry to provide a differentiated data portfolio.

Through these efforts, the goal is to support small business owners and small and medium venture company managers in establishing sustainable management strategies.

Choi Wonseok, CEO of BC Card, stated, "This mid- to long-term partnership was established to contribute to the national mission of enhancing the sustainability and competitiveness of domestic small business owners and small and medium venture companies," and added, "BC Card will continue to actively cooperate as a data partner in all research activities of KOSBI."

Cho Joohyun, President of KOSBI, commented, "This agreement will serve as an opportunity to seek effective policy alternatives to strengthen the self-sustainability of small business owners and small and medium venture companies," and added, "We will promote data-based empirical policy research and further strengthen a field-oriented response system."

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