Vice Chairman Kim So-young presided over an MOU signing event between Korea Post, four major banks and the Korea Financial Telecommunications & Clearings Institute (KFTC) on June 16 for expanding consignment partnership between the banks and the post office. Vice Chairman Kim also announced the government’s plan for improving offline access to banking services in order to guarantee consumers’ choice in accessing financial services and improve convenience for vulnerable groups such as the elderly. During his opening remarks, Vice Chairman Kim said that it is necessary for the government and the industry to make joint effort to help improve offline access to financial services because offline financial services will continue to play an important role for maintaining the quality of banking services, ensuring inclusive finance for vulnerable groups such as the elderly and meeting diverse demands of consumers. 

* Please see press release for details.