View of KB Kookmin Bank Yeouido Head Office

KB Kookmin Bank (President Lee Jae-geun) announced plans to continuously implement financial and non-financial support plans to share pain and coexist with financial consumers.

KB Kookmin Bank is cutting interest rates for all household loan products, including credit loans, to ease the financial burden of individual customers. Through this, interest reduction benefits of more than 100 billion won are provided annually, including about 34 billion won for new loan customers and about 72 billion won for existing loan customers. To induce a soft landing in household debt through entry, the 'KB National Hope Loan', a loan conversion product for the second financial sector, will be released in March. With the launch of the 500 billion won Loan of Hope, borrowers with low credit who had previously had difficulty obtaining bank loans can enter the banking sector. The KB Kookmin Loan of Hope is the first system implemented by a bank, the first financial sector, and is expected to contribute to qualitative improvement of household debt in Korea by not only reducing customers' interest costs but also improving personal credit rating and loan quality.<

We also support various customized programs for corporate customers. Practical support measures are provided, such as lowering interest rates for borrowers who choose a fixed rate, partial reduction of the principal of loans for companies with low credit and faithful interest payment, and lowering interest rates on overdue corporate loans. KB Kookmin Bank expects that about 15,000 companies will enjoy interest savings of 40 billion won annually through this financial support program for small and medium-sized enterprises.

KB Kookmin Bank provides financial support It also announced that it will also provide non-financial support for small business owners and the self-employed. It will support a total of 60 billion won for 3 years on a scale of 20 billion won per year, and through this, plans to provide timely support for practical help to small businesses, such as emergency support for operating costs for small businesses.