KB Financial Group Steps Up to Revitalize Small Businesses and Local Commercial Districts Using Financial Data

Joint Data Analysis Project with Suwon Urban Foundation and Korea Data Bank
Promoting Sustainable Growth of the Local Community through Public-Private Data Collaboration

KB Financial Group Headquarters

KB Financial Group, in collaboration with Suwon Urban Foundation and Korea Data Bank, is establishing a data analysis and support system to assist in formulating policies for supporting small business owners in Suwon and devising strategies to revitalize local commercial districts.

The Suwon Urban Foundation operates the Commercial District Revitalization Center, serving as a control tower for creating an ecosystem to support local small business owners and foster and invigorate local commercial areas. Through a joint data analysis project, KB Financial Group will systematically analyze the status of small business owners across all 44 administrative districts in Suwon and provide customized data necessary for developing support policies for small businesses.

Based on specialized financial data for small business owners held by its affiliates, KB Financial Group will conduct a detailed analysis of each administrative district in Suwon, examining income and financial asset status, trends in financial asset changes, sales patterns, business opening and closure indices, and commercial district resilience. In addition, by utilizing Suwon Pay data, the company plans to reflect unique local characteristics and patterns specific to Suwon in its sophisticated data analysis.

A representative from KB Financial Group stated, "We are taking the lead in the financial sector by providing financial data and developing related products to contribute to government, local governments, and public institutions in their efforts to support small business owners and devise strategies to revitalize local commercial districts. KB Financial Group will continue to refine cooperation models based on data analysis and utilization, strengthen collaboration with other industries, and do its utmost to grow together with the local community."

Meanwhile, KB Financial Group has been steadily cooperating with numerous local governments and public institutions to revitalize local commercial areas, improve residential environments, and develop youth support policies by utilizing top-tier financial data held by its major affiliates such as KB Kookmin Bank and KB Kookmin Card.

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