Gwangju Bank Expands Financial Access Points Through Post Office Counter Network

Business Partnership Agreement on Joint Use with Korea Post

Gwangju Bank announced on the 31st that it had signed the "Post Office Counter Network Joint Use Partnership Agreement" with Korea Post, the Korea Financial Telecommunications and Clearings Institute, and Busan Bank at the Gwanghwamun Post Office.

Gwangju Bank signed a 'Joint Use Alliance Agreement for Post Office Counter Network' with the Korea Post Headquarters, the Korea Financial Telecommunications & Clearings Institute, and Busan Bank at Gwanghwamun Post Office. Provided by Gwangju Bank

The signing ceremony was attended by key officials, including Gwangju Bank President Jung Ilseon, Korea Post President Park Inhwan, Korea Financial Telecommunications and Clearings Institute President Chae Byeongdeuk, and Busan Bank President Kim Sungjoo.

This agreement was prepared to proactively respond to the expanded metropolitan living area and increased financial demand following the establishment of the Greater Jeonnam-Gwangju Metropolitan City in July, and to enhance financial service convenience for local residents. In particular, accessibility is expected to improve significantly for rural residents and the elderly—customers who require more face-to-face financial services and traditionally spend more time visiting bank branches.

Gwangju Bank plans to complete the system integration and development with the post office counter network by September, and to inspect transaction stability and service convenience during October, after which the new service will be launched.

When the service is introduced, Gwangju Bank customers will be able to carry out basic financial transactions—including deposits, withdrawals, transfers, and inquiries—not only at existing branches but also at post office counters and automated machines nationwide, all without additional fees. There are approximately 2,380 post office counters available nationwide, with around 320 serving the Jeonnam and Gwangju regions.

Gwangju Bank plans to establish a dense financial service network that covers both urban and rural areas by adding the post office counter network to its existing branches and digital channels. Through this, the bank intends to continually expand physical financial contact points, enabling customers in areas without a branch to access in-person financial services nearby.

Jung Ilseon, President of Gwangju Bank, stated, "This agreement is meaningful in that it expands financial access points so customers can use basic financial services closer to home," adding, "We will proactively respond to the broader living area and growing financial demand following the launch of the Greater Jeonnam-Gwangju Metropolitan City, and further strengthen our role as a leading regional bank—including support for customers who have difficulty using digital financial services."

This content was produced with the assistance of AI translation services.