Eximbank opens new IT center to bolster digital financial services

Yoon Hee-sung, chairman and CEO of the Export-Import Bank of Korea, speaks during the opening ceremony for the bank’s new IT center in Yongin, Gyeonggi Province, Wednesday. Courtesy of Export-Import Bank of Korea

The Export-Import Bank of Korea has established its own IT center on the grounds of its training institute in Yongin, Gyeonggi Province, the bank said Thursday.

The new IT center, which opened on Wednesday, comprises a three-story data center building and a four-story office building with one basement level, covering a total area of 9,877 square meters.

The bank selected the site in 2019, began construction in 2023 and received final approval for use last month.

During the facility's construction, the bank upgraded its core IT infrastructure by replacing major servers, storage and network systems with the latest models.

It also completed system software enhancements and implemented dual power and communication systems, improving the safety and availability of operations to support uninterrupted service.

Additionally, the adoption of artificial intelligence (AI)-powered real-time monitoring for performance and errors, combined with a cloud-based infrastructure platform, is expected to improve IT resource efficiency and enable the early detection and prevention of potential failures.

The state-run bank added that the new facility was built as an eco-friendly structure designed to harmonize with the local community.

"This new IT center will serve as a strategic hub, playing a central role in driving our digital transformation over the next 50 years," Chairman and CEO Yoon Hee-sung said during the opening ceremony.

"We will actively leverage emerging technologies, such as generative AI, to accelerate our digital transition," he added.