KB Kookmin Bank Selected as Main Bank for Seoul Metro for Third Consecutive Time
If the final contract is signed, KB Kookmin Bank will be Seoul Metro's main bank through 2030
"Highly rated for stable operations since 2020"
KB Kookmin Bank has been selected as the main bank for Seoul Metro for the third consecutive time.
KB Kookmin Bank announced on July 15 that it has been selected as the preferred negotiation candidate for the main banking partner of Seoul Metro. As a result, the bank will continue to manage Seoul Metro's funds and payment operations for the next four years.
A KB Kookmin Bank representative explained, "We were selected as the preferred negotiation candidate because our stable management of Seoul Metro's funds and payment operations since 2020 and our proposal for digital financial services tailored to Seoul Metro's operating environment were highly rated in this bid."
After completing further negotiations with Seoul Metro and signing the final contract, KB Kookmin Bank will serve as Seoul Metro's main bank from next year through 2030.
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Kim Youngil, Deputy CEO of the Institutional Banking Group at KB Kookmin Bank, stated, "Based on this selection, we will reliably support the financial services necessary for Seoul Metro's operations and continue to be a strong financial partner, maintaining our long-standing cooperative relationship."
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