The main objective of this agreement is to cooperate in promoting the construction of a cross-border credit information sharing system that will enhance financial access for foreign customers in both countries. Through this system, Vietnamese citizens residing in Korea will be able to use their domestic credit records for more accurate credit assessment when accessing financial services. In addition, the credit records accumulated during their stay in Korea can still be used when they return to Vietnam, ensuring continuity in credit history.
Attending the signing ceremony were Mr. Cao Van Binh - Chairman of the Board of Directors of CIC, Mr. Park Jong Choon - CEO of JB Financial Group and Mr. Kim Jong Yoon - General Director of NICE Information Services Company, who pledged to strengthen cooperation between the three parties.
During the ceremony, Mr. Park Jong Choon stated: “JB Financial Group is committed to solving the financial challenges faced by foreign residents in Korea by expanding partnerships with key credit institutions around the world. This agreement marks an important first step towards enabling Vietnamese citizens to seamlessly access financial services between Korea and Vietnam.”
“Tripartite cooperation between CIC-JB-NICE on cross-border credit information exchange is one of the goals set by the State Bank of Vietnam at the Workshop on the sidelines of the 2017 APEC Vietnam Finance Ministers' Meeting on the topic of “Cross-border credit information exchange” in Vietnam.
In addition to the purpose of enhancing access to financial products and services for Vietnamese citizens in Korea and Korean citizens in Vietnam, the cooperation agreement on cross-border credit information exchange also promotes economic and financial cooperation between the two countries as well as achieving comprehensive financial strategy goals," Mr. Cao Van Binh emphasized.
