Woori Bank introduced “Won Bizplaza,” a supply chain finance platform at the venue of the Asian Development Bank (ADB)’s Annual Meeting in Songdo, Incheon.
The bank launched Won Bizplaza for the first time in the Korean financial industry in September last year.
Woori Financial Group Chairman Lim Jong-ryong, Woori Bank President Lee Won-duk, and Woori Bank employees attended the event, where they set up a booth to demonstrate services provided by Won Bizplaza.
In particular, as Woori Bank has been providing the platform free of charge to small and medium-sized enterprises (SMEs) having trouble in their digital transformations, the bank plans to spread its know-how in “win-win finance” and the value of “shared growth with companies.”
Won Bizplaza empowers companies to conveniently and transparently conduct purchasing operations that were previously handled manually by converting them to digital-based electronic methods.
Moreover, Woori Bank has significantly reduced the burden of financial costs for customers who join Won Bizplaza by increasing guarantee ratios and paying guarantee fees through supply chain finance revitalization agreement-based guarantees by Korea Credit Guarantee Fund and Korea Technology Guarantee Fund.
Supply chain finance (SCF) is a financial service that provides stable and fast working capital to small and medium-sized enterprises that have difficulty obtaining financing and optimizes the entire supply chain from raw material procurement to product production, distribution, and sales.
Many ADB participants visited the Woori Bank booth and showed positive responses about Won Bizplaza during the ADB meeting period.
Launch of 8-Indicator Analysis Service
Woori Bank announced on May 12 that it will provide Time Machine Graph and Nine O'clock Briefing to help customers make better financial investments on “Woori WON Banking.”
Time Machine Graph is the first such service in the Korean banking industry that utilizes Woori Bank’s self-developed deep sensing system to analyze the past and present trends of eight market indicators, including the KOSPI and the S&P500, and provides them in the form of graphs which customers can use as information for asset management.
Nine O’clock Briefing enables customers to look at a wide array of financial information such as market conditions and interest rates in major countries at a glance.
Therefore, customers can check information fast despite their busy lives. The service enhances visibility by delivering only key contents and easy-to-understand icons and highlights.
Time Machine Graph and Nine O’clock Briefing can be found in Current Market Menu on the main screen of Woori WON Bank’s investment management.
Woori Bank is planning to introduce various asset management content services covering both the financial and non-financial sectors.
Business Agreement with GC Care to Promote Business Mixing Financial and Healthcare Services
Woori Bank announced on April 26 that it has signed a strategic business agreement with GC Care to promote projects that combine finance and healthcare.
At the signing ceremony, key officials from both companies, including Ok Il-jin, head of Woori Bank’s Digital Strategy Group, and Ahn Hyo-jo, CEO of GC Care, agreed to steadily promote mutual cooperation, including jointly discovering new digital business opportunities based on financial and healthcare platform services.
Under this agreement, Woori Bank and GC Care will develop contents and promote joint marketing of financial and healthcare platform services for all generations, expand the use of services based on data provided by Woori Bank and GC Care, strengthen Woori Bank customers’ benefits with GC Care’s health-related contents and health checkup services and promote services that allow customers to communicate with another other through life-centered service sharing functions.
First of all, the two companies will provide healthcare service contents within Woori WON Banking.
By building service contents in Woori WON Banking, they will provide fun and diverse content, such as health care and skin care and health check-ups utilizing avatar technology.
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