KCB

Company

• To prevent recurrence of a financial crisis, and further strengthen the domestic financial industry, major financial companies in Korea formed consensus on sharing credit data with each other.

  READ MORE
  To prevent recurrence of a financial crisis, and further strengthen the domestic financial industry, major financial companies in Korea formed consensus on sharing credit data with each other.

  Consumer credit, which had been expanding rapidly since the Asian financial crisis, has had a positive impact of ordinary citizens’ better access to credit in the mainstream financial system, but has also resulted in undesirable side effects such as rising delinquency and a soaring number of defaulters.
  Since then, various measures have been reviewed to prevent such a crisis in the financial industry, and as part of such efforts, it has been pursued to improve the credit reporting system for risk management of consumer credit.
  Beyond the delinquency data which was previously shared in the past, the new system was needed to make prevention of a financial crisis and better risk management possible by drastically expanding the level of data sharing related to financial transactions. To this end, 18 major financial institutions in Korea participated in establishment of KCB as shareholders.
  As a result, Korea has taken its credit reporting system to the next advanced level, by having the advanced credit bureau system in place.

  KCB Overview

  KCB Overview

  Company Name	Korea Credit Bureau (KCB)
  CEO	Jong Sup Hwang
  Business License	Credit investigation & Credit reporting
  IPO	Non-listed
  Capital	50 Billion Korean Won (18 financial companies as shareholders)
  Date of Establishment	February 22, 2005

  Close

  Close

• 18 major financial companies in Korea built KCB together by participating as shareholders, and since its foundation, KCB has been operated through transparent and fair governance to make sure that it will benefit the financial industry as a whole.

  READ MORE

  Banking

  • 
  • 
  • 
  • 
  • 
  • 
  • 

  Credit Card

  • 
  • 
  • 

  Insurance

  • 
  • 
  • 
  • 
  • 

  Consumer Finance

  • 

  Others

  • 
  • 

  Close

  Close
  

• KCB has aimed for ‘the Best Practice CB’ which can be the model for other bureaus home and abroad to benchmark first by going through every step in a proper and exemplary manner in building the bureau and making it the best-working one, instead of putting an emphasis on external profit or volume of revenue in the short-term view.

  READ MORE
  MISSION

  • Partner in Credit life

    Help consumers, who are credit data
    subjects, manage and use their credit
    In a sound and healthy way

  • Cooperator in Financial Advancement

    Support financial companies to
    Strengthen risk management
    and make better decisions

  • Leader in Credit Society

    Contribute to achieving the
    Advanced credit society where
    People are evaluated and
    Treated fairly and transparently

  VISION

  Beyond CBfor the Best Practice CB

  “KCB will pursue momentum for continuous growth and further development in the next 10 years while ensuring internal stability and staying on the right path as a best practice credit bureau which any company in the world has wanted to benchmark first based on the outstanding performance it has achieved since its foundation.”

  Core Value & Way

  • Integrity

    Act in a fair and transparent way
    Based on the right principle
    to gain trust from customers

  • Co-work

    Share opinions and insight,
    and finally resolve issues together
    to accomplish common goals

  • Change

    Find and learn new ways and
    methods ceaselessly
    to get the best results,
    not getting complacent about
    the current status

  Close

  Close
  

• KCB has taken the lead in boosting competitiveness of the Korean financial industry and realizing the advanced credit society.

  READ MORE

  

  Financial companies have become to manage potential default risk more effectively by better evaluating credit status of individual consumers, using credit data services provided by KCB, while reducing financial risk and costs, and offering more competitive products and services to consumers at the same time.
  
  Also, consumers can enjoy more convenient financial and other services in their daily lives as loans and credit cards are approved and granted, and even telecom services are opened according to their creditworthiness.

  Close

  Close