Jeonbuk Bank supports local economic policy by providing financial data to Jeonju City

Financial data held by Jeonbuk Bank is used as basic data for regional economic development, such as developing customized policies for small business owners and traditional market merchants in the Jeonju region.

Jeonju City announced on the 6th that Jeonju Mayor Jo Ji-hoon and Jeonbuk Bank President Park Chun-won met at the mayor's office to discuss ways to cooperate for the coexistence of the regional economy.

At this meeting, Mayor Cho requested Jeonbuk Bank, Jeonju City's first safe depository and operator of the local currency 'Jeonju Love Gift Certificate', to regularly provide economic and industrial trend data that analyzes consumption trends and fund flows.

This is because the government believes that data that can identify the actual economic situation of Jeonju City in a timely manner is needed in order to proactively respond to economic changes and design effective small business support policies.

Accordingly, Jeonbuk Bank promised to actively cooperate in providing financial data to revitalize the local economy, support small business owners, and stabilize the lives of ordinary people.

The city explained, "It is significant in that the cooperation between local governments and the city treasury has expanded from focusing on financial support such as donations and scholarships to sharing data for policy design and performance verification."

Jeonbuk Bank President Park Chun-won promised, “We will actively cooperate to ensure that the bank’s financial data is effectively utilized in Jeonju City’s policies.”

Jeonju Mayor Cho Ji-hoon said, “Economic policy depends on how quickly and accurately we can read the flow of the field,” and emphasized, “Through cooperation with Jeonbuk Bank, we will identify citizens’ consumption and fund flows in a timely manner and preemptively implement policies that are essential for small business owners and traditional markets.”