The Korea Credit Finance Association announced on the 25th that it held a credit finance seminar on the theme of 'Strategies for overseas expansion of women-led businesses and future tasks' at its main lecture hall.
The association held this seminar to support the development of successful overseas expansion strategies for women-led businesses seeking to explore new revenue sources in the global market.
The first presenter, Professor Seo Ji-yong from Sangmyung University, stated in his presentation titled 'Strategies for domestic credit finance companies' entry into the automobile financing markets of Indonesia and Laos' that 'domestic credit finance companies must pursue entry into the automobile financing markets of Indonesia and Laos to overcome limitations in the domestic market.'
Dr. Bae Seung-wook from the Venture Market Research Institute claimed in his presentation titled 'Strategies for entry of domestic capital companies into Uzbekistan's credit finance market - focusing on lease and installment financing and MFO market' that 'given the anticipated growth in demand for retail credit products, the entry into Uzbekistan could present a new opportunity.'
Uzbekistan is diagnosed as a 'blue ocean' with high growth and a low debt structure, where the credit penetration rate is only 38.8%, and it is expected to improve the efficiency of the financial system if reforms such as bank privatization and World Trade Organization (WTO) membership are implemented without delays.
Park Tae-jun, Deputy Minister of the Korea Credit Finance Research Institute, assessed in his presentation titled 'Analysis of the current status of overseas expansion of women-led businesses and implications' that 'women-led businesses have continuously worked to explore overseas markets for a long time but have yet to achieve clear results.'
He emphasized that to achieve a successful entry, the strengths of the credit finance sector must be effectively utilized, based on accumulated consumer-centered products and services, including the supply of tailored financial products that integrate captive strategies and digital technologies.