Sozinkong and KB Kookmin Bank Join Hands for Non-Face-to-Face Policy Finance Service

The Small Enterprise and Market Service (SEMAS) announced on the 21st that it signed a business agreement with KB Kookmin Bank at the bank's new building in Seoul to provide non-face-to-face policy finance services. This agreement was established to offer advanced policy finance services to small business owners based on the policy support capabilities of SEMAS and the financial service expertise of KB Kookmin Bank, leveraging the infrastructure each institution possesses.

Going forward, both institutions will cooperate to ▲implement a non-face-to-face one-stop service for proxy loans ▲enhance direct loans and bond management ▲jointly implement measures to eradicate illegal financial activities such as voice phishing and third-party unfair intervention ▲alleviate the financial burden on small business owners and support mutual growth.

Park Seong-hyo, Chairman of the Small Enterprise and Market Service (right), is taking a commemorative photo at the signing ceremony for the non-face-to-face policy finance service agreement with KB Kookmin Bank. Photo by Small Enterprise and Market Service

원본보기 아이콘

In particular, through this agreement, SEMAS and KB Kookmin Bank plan to link their computer networks to provide a non-face-to-face one-stop service. Previously, small business owners had to visit SEMAS, banks, and regional credit guarantee foundations separately to use proxy loans for policy funds, but with the implementation of the non-face-to-face one-stop service, loan applications and execution will be possible through the KB Star Banking app. This service is expected to simplify the complicated procedures for applying for policy fund loans and save busy small business owners time, thereby innovatively improving financial accessibility.

Park Seong-hyo, Director of SEMAS, stated, “With this agreement, we expect to simplify the complex policy fund application procedures so that small business owners can use financial services more conveniently,” and added, “We will continue to explore various cooperation plans to improve financial services that the public can directly experience.”

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.