KB Kookmin Bank announced on July 8 that it has signed a business agreement with ITCencore, the operator of the HR management platform 'Labor 365', to support innovation in small and medium-sized enterprises (SMEs).
The agreement aims to reduce the HR and payroll management burden on SMEs in response to changing labor regulations, such as the strengthening of comprehensive wage system regulations, and to provide a digital management environment linked with financial services.
The signing ceremony took place at ITCencore's headquarters in Gwacheon, attended by CEO Kim Wan-ho and Kim Hyun-wook, Vice President of KB Kookmin Bank's Corporate Customer Group, along with other representatives from both companies.
Labor 365 is a cloud-based HR management platform tailored for small businesses and SMEs, automating HR tasks from attendance tracking to payroll calculations, while also supporting labor risk management.
The two companies plan to expand services on this platform by integrating KB Kookmin Bank's embedded financial services, allowing users to manage employment contracts, attendance, issuance of HR certificates, as well as payroll transfers, account inquiries, and collections all from a single platform. This collaboration is expected to help secure corporate customers while supporting SMEs.
A representative from KB Kookmin Bank stated, "Combining the HR management platform with financial services will enhance the convenience of operations for our SME clients," and emphasized the bank's commitment to continuously expanding its digital corporate finance services.
The agreement aims to reduce the HR and payroll management burden on SMEs in response to changing labor regulations, such as the strengthening of comprehensive wage system regulations, and to provide a digital management environment linked with financial services.
The signing ceremony took place at ITCencore's headquarters in Gwacheon, attended by CEO Kim Wan-ho and Kim Hyun-wook, Vice President of KB Kookmin Bank's Corporate Customer Group, along with other representatives from both companies.
Labor 365 is a cloud-based HR management platform tailored for small businesses and SMEs, automating HR tasks from attendance tracking to payroll calculations, while also supporting labor risk management.
The two companies plan to expand services on this platform by integrating KB Kookmin Bank's embedded financial services, allowing users to manage employment contracts, attendance, issuance of HR certificates, as well as payroll transfers, account inquiries, and collections all from a single platform. This collaboration is expected to help secure corporate customers while supporting SMEs.
A representative from KB Kookmin Bank stated, "Combining the HR management platform with financial services will enhance the convenience of operations for our SME clients," and emphasized the bank's commitment to continuously expanding its digital corporate finance services.
* This article has been translated by AI.
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