BC Card Launches AI Working Group with Woori Card

Discovering New Business Models
"Supporting Woori Card in Minimizing Risks"

On September 1, BC Card announced that it has launched a "working group" with Woori Card to strengthen mutual cooperation and synergy.

BC Card Headquarters, Euljiro, Jung-gu, Seoul. BC Card

The two companies have formed a consultative body to establish a practical and mutually complementary partnership.

Woori Card has transitioned to directly managing its processing operations, which had been delegated to BC Card for over 40 years. Through this move, the company is accelerating its system independence and the internalization of digital capabilities.

The working group is currently discussing key tasks such as supporting the transition to independent processing, collaborating on products and services, and cooperating on artificial intelligence (AI) and new digital businesses.

In particular, the two companies are strengthening cooperation on AI-based new businesses while solidifying a future-oriented collaborative framework.

BC Card plans to leverage its experience and expertise, accumulated through processing operations for 46 client companies, to discover new business models and pursue joint growth through this working group.

Kim Hojung, Executive Director at BC Card, said, "Collaboration and trust between the two companies are more important than ever to secure Woori Card's robust competitiveness," adding, "The working group will serve as a solid foundation for mutual growth."

Lee Kisoo, Head of Business Planning at Woori Card, commented, "We expect to accelerate the internalization of our proprietary card operations and create various joint business models through cooperation with BC Card," and added, "The working group will serve as a catalyst for generating substantial synergy."

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