Korea Investment Savings Bank (KISB) is a 100 percent subsidiary of Korea Investment and Securities Co. and has been providing financial support to SMEs and the general public, true to the mission given to the company when it was first launched.
KISB has been profitable for the past 15 years by running the Hatssal (Sum Beam Loan) program, a policy loan provided to people without much credit strength. As of last September, the company had provided 564.2 billion won in Hatssal Loans and the company has also been engaged in managing the Saitdol2 Loan, a policy for those with low credit ratings.
KISB has also been providing loans to be used as key money for rental units, especially for those with low credit ratings who have been turned away from commercial banks.
The savings bank has been charging only 2.9 percent per annum for those key money loans. The savings bank has not neglected its risk-control factors, given that its stable operation has been sustained for the past 15 years. Korea Investment Savings Bank Co., Ltd. provides various financial services. It offers deposit products, including teller free products, such as savings and free enterprise deposits; lump sum roll goods consisting of time deposits; and collects lump sum items, such as regular gold and earn free deposits.
The company also provides mortgage loans, such as real estate mortgage loans; construction financing loans; accommodation assistance loans; golf memberships mortgages; garden of mortgage; U-Bogeumjari, and other products comprising project financing, NPL secured loan pledges, special business loans, and deposit loans.
Its loan products also include apartment deposit loans and private deposit loans; workers credit and stock purchase loans. The company was formerly known as Korea Investment Mutual Savings Bank Co. and changed its name to Korea Investment Savings Bank Co., Ltd. in September 2010. The company was incorporated in 1982 and is headquartered in Seongnam, South Korea. Korea Investment Savings Bank Co., Ltd. operates as a subsidiary of Korea Investment Holdings Co., Ltd.
KISB decided to implement an integrated monitoring system that enables integrated management of all systems with a real-time response. After a thorough review of other solutions including Zenius and WatchAll, the bank choose Ipswitch’s WhatsUp Gold. As WhatsUp Gold does not require the installation of a dedicated monitoring program for test results, the system load factor was the lowest among the solutions reviewed and it did not have any impact on performance. Also, it offers superior scalability as it uses standard protocols allowing all systems that support standard SNMP protocol to be monitored. Another important choice factor was Ipswitch’s robust customer references and proven technology.
Through the dashboard of WhatsUp Gold, KISB can view the status of the entire infrastructure at a glance, including 29 servers, 164 pieces of network equipment in the head office and 11 branches, external organizations’ networks, communication lines and even the temperature and humidity of the computer room.
The bank is also utilizing Flow Monitor, which provides packet analysis.
KISB has being using WhatsUp Gold since August 2015. As a technology company specializing in network integration, enterprise solutions and IoT development, Vinetech assisted KISB with this project.
Vinetech is Ipswitch’s authorized sole distributor in Korea since 2007 and has an impressive track record in successful WhatsUp Gold implementations for more than 700 WhatsUp Gold customers in Korea. The company successfully completed this project by providing infrastructure consulting and technologies customized for KISB’s environment.
An ad for KISB’s Hatssal Loan or microfinance loan provided to working-class families.
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