[Pangyo Tech] Kakao Bank and Dell CEOs discuss cooperation

Kakao Bank announced on Oct. 18 that its CEO Yoon Ho-young had an online meeting with Michael Dell, chairman and CEO of the global IT company Dell, and discussed ways to continue and strengthen partnerships to secure competitiveness in the era of digital transformation of finance.

At this event, CEO Yoon presented Kakao Bank’s strategy to expand the retail financial market and leap forward into the financial platform and the direction of mobile banking. In respect, CEO Dell shared the company’s achievements leading the global cloud infrastructure and client solution market, and trends in global financial companies.

Dell supplies a comprehensive IT portfolio covering infrastructure solutions such as cloud, server, and storage, to IT consulting and implementation services, and client solutions such as PCs and monitors to global financial companies. Kakao Bank is also using Dell’s solutions and services in various fields.

CEO Yoon said, “It was a meaningful event to share the direction of the future financial platform and strengthen mutual partnership. Kakao Bank will continue financial innovation by expanding collaboration with companies with the world’s best technology.”

CEO Dell said, “I would like to thank Kakao Bank for establishing a good cooperative relationship with Dell. It was a meaningful time to discuss how to apply Dell’s solution for Kakao Bank’s success in business.”

Pangyo Technovalley is an innovation hub for global companies comparable to the Silicon Valley in the US, Zhongguancun in China, and STATION F in France. It is an Asia tech hub with 1,259 IT, BT, CT, and NT companies that possess innovative products and technologies. Located just south of the metropolitan area, it provides the best environment for Korean companies to do business with great transportation access and infrastructure.

Various high-tech companies are located in Pangyo Technovalley, and it is occupied by 64,000 full-time employees, many in their 20-30s. In terms of industry, the companies are engaged in information technology, contents technology, biotechnology, and nanotechnology.

With the support of innovative companies with global capabilities such as Kakao, Naver, AhnLab, Krafton, NCSoft, Nexon, and Hancom, companies in Pangyo Technovalley recorded 107 trillion won in sales last year. Investment and infrastructure growth in Pangyo is expected to continue, with the Metaverse hub entering Pangyo this year.

Source: Pangyo Techno Valley Official Newsroom