Shinhan Bank is set to expand financial services for students and staff at Seoul City University.
On July 21, Shinhan Bank announced that it signed a memorandum of understanding with Seoul City University in Dongdaemun-gu, Seoul, aimed at mutual development. The signing ceremony was attended by Shinhan Bank CEO Jeong Sang-hyeok and Seoul City University President Won Yong-gul, along with officials from both institutions.
Under the agreement, Shinhan Bank will provide financial services necessary for the university's operations. This includes support for issuing student ID cards that also function as debit cards, along with various financial conveniences and benefits for students and staff.
Additionally, both institutions agreed to establish a long-term cooperative framework to enhance the university's stable operations and improve financial accessibility for its members.
Shinhan Bank plans to leverage its experience in public finance, gained from operating the Seoul City Treasury Bank, to support the financial services needed for the university's educational, research, and administrative activities.
Jeong Sang-hyeok, CEO of Shinhan Bank, stated, "We will provide financial services that are easy and convenient for the members of Seoul City University, and we will strive to be a financial partner that supports the university's development."
On the same day, Shinhan Bank also signed an agreement to perform treasury operations for Seoul City University. The agreement is set to last for four years, starting in 2027.
* This article has been translated by AI.
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