Most Popular
-
1
Industry experts predicts tough choices as NewJeans' ultimatum nears
-
2
Jung's paternity reveal exposes where Korea stands on extramarital babies
-
3
Seoul city opens emergency care centers
-
4
Opposition chief acquitted of instigating perjury
-
5
Samsung entangled in legal risks amid calls for drastic reform
-
6
[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
![[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/26/20241126050017_0.jpg&u=20241126161719)
-
7
[Exclusive] Hyundai Mobis eyes closer ties with BYD
![[Exclusive] Hyundai Mobis eyes closer ties with BYD](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/25/20241125050044_0.jpg&u=)
-
8
Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
-
9
[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance
![[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/25/20241125050072_0.jpg&u=)
-
10
Why S. Korean refiners are reluctant to import US oil despite Trump’s energy push
![[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/26/20241126050017_0.jpg&u=20241126161719)
![[Exclusive] Hyundai Mobis eyes closer ties with BYD](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/25/20241125050044_0.jpg&u=)
![[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/25/20241125050072_0.jpg&u=)
Telcos to launch first-ever JV for thin filers’ financial accessibility
By Lee Yoon-SeoPublished : Aug. 4, 2022 - 15:41
South Korean mobile carriers are set to launch a joint venture for the first time to join forces in enhancing financial accessibility and realizing ESG management values.
The joint venture will be using non-financial credit evaluation services based on the three telecom carriers’ collected data, to mainly help the financially disadvantaged.
Non-financial credit evaluation services will evaluate a person‘s credits by analyzing the customer‘s check card usage, shopping history and communication cost payment details. The joint venture also includes Seoul Guarantee Insurance and Korea Credit Bureau.
The five companies expect the joint venture to provide a wide range of financial benefits, from increased loan limits to lowered interest rates for students and homemakers who have restricted access to financial services due to a lack of financial history.
The three telecom carriers will each be responsible for 26 percent of the investment funds, while SGI and KCB will each be responsible for 11 percent of the investment funds as strategic investors.
The joint venture will be using non-financial credit evaluation services based on the three telecom carriers’ collected data, to mainly help the financially disadvantaged.
Non-financial credit evaluation services will evaluate a person‘s credits by analyzing the customer‘s check card usage, shopping history and communication cost payment details. The joint venture also includes Seoul Guarantee Insurance and Korea Credit Bureau.
The five companies expect the joint venture to provide a wide range of financial benefits, from increased loan limits to lowered interest rates for students and homemakers who have restricted access to financial services due to a lack of financial history.
The three telecom carriers will each be responsible for 26 percent of the investment funds, while SGI and KCB will each be responsible for 11 percent of the investment funds as strategic investors.
