KCB at a Glance

  • 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.

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    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 Mun Ho Kang
    Business License Credit investigation & credit inquiry
    IPO Non-listed
    Capital 50 Billion Korean Won (18 financial companies as shareholders)
    Date of Establishment February 22, 2005
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  • 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.

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    Banking
    • BNK경남은행
    • 광주은행
    • KB국민은행
    • NH농협
    • 우리은행
    • 신한은행
    • KEB하나은행
    Credit Card
    • 삼성카드
    • 신한카드
    • 현대카드
    Insurance
    • 교보생명
    • 삼성생명
    • 한화생명
    • 삼성화재
    • SGI서울보증
    Consumer Finance
    • 현대캐피탈
    Others
    • KOREA SATINGS
    • VISA
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  • 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.

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

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    KCB - Financial companies, Consumers

    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.

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Our History

  • 2017.08
    Launch of Multiple Indebtedness Risk Index Service
  • 2017.07
    MOU signing between KCB and KOSCOM
  • 2017.05
    MOU signing between KCB and Korea Housing Finance Corporation
  • 2017.05
    MOU signing between KCB and Korea Inclusive Finance Agency
  • 2017.05
    Opening of KCB's new data center
  • 2017.05
    Launch of Machine Learning - Based KCB Scoring Methodology
  • 2017.04
    Soft launching of Indonesian OJK's SLIK (Financial Information Service System)
  • 2017.03
    Mr.Mun Ho Kang took office as the 5th CEO of KCB
  • 2017.01
    k-score got awarded with the Grand Prize in Most Trusted Brand Chosen by Consumers in 2017
  • 2016.12
    AllCredit, got awarded with App of the Year (for four consecutive years)
  • 2016.07
    k-score to be used in the whole financial industry
  • 2016.01
    k-score got awarded with the Grand Prize in Most Trusted Brand Chosen by Consumers in 2016
  • 2015.11
    started to build the public credit registry system of OJK, the Indonesian financial supervisory authorities
  • 2014.12
    k-score acquired consumer quality certification in finance
  • 2013.12
    won the Grand Prize in Data Quality Management (awarded by Minister of Science, ICT, and Future Planning
  • 2013.12
    won the Grand Prize in Big Data
  • 2013.11
    won the Grand Prize in Big Data (by Korean Institute of Intelligent Information System)
  • 2013.11
    launched k-score
  • 2012.12
    opened the KCB-Sogang University “CRO Academy”
  • 2012.11
    got awarded with the top prize in financial consumer protection (by Governor of Financial Supervisory Service)
  • 2012.03
    launched KCB Consumer Advisory Board
  • 2011.09
    opened KCB Academy
  • 2010.12
    received a commendation from Chairman of Financial Services Commission (in the area of financial support for low-income and low-credit consumers)
    Received a commendation from Chairman of Miso Finance Central Foundation
  • 2010.12
    Received a commendation from Chairman of Miso Finance Central Foundation
  • 2009.12
    acquired i-PIN service certification
  • 2008.05
    changed the company name (Korean only)
  • 2008.04
    won the Grand Prize in Digital Management Innovation (awarded by SME Minister of Small and Medium Business Administration)
  • 2007.12
    won the Grand Prize in Data Protection (awarded by Minister of Information and Communication)
  • 2007.04
    opened disaster recovery center for the first time in the industry
  • 2007.02
    launched direct consumer service named AllCredit
  • 2007.01
    launched credit score service
  • 2006.11
    obtained ISO 27001 for the first time in the credit bureau industry
  • 2006.02
    launched credit report service
  • 2005.02
    KCB was founded
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