Search results for Debt relief
Finance
KB Kookmin Bank to cut special loan principal by up to 90 percent for vulnerable groups
KB Kookmin Bank will introduce a special debt relief programme to ease the debt burden of socially disadvantaged borrowers, including basic livelihood recipients and near-poor households. Starting July 13, the bank will reduce the principal of special claims by up to 90 percent to support credit recovery and a return to economic activity. Eligible groups include people with severe disabilities and others. The bank also simplified screening procedures.
Finance
KB Kookmin Bank expands \'KB Hope Finance Center\' nationwide to support vulnerable groups
KB Kookmin Bank said it has expanded its \'KB Hope Finance Center\' from Seoul and Incheon to major hubs nationwide, including Daegu, Daejeon and Busan. The centres support vulnerable customers by providing debt adjustment and credit counselling services. The bank said the centres also guide customers on debt relief systems and policy finance products, including options to switch from high-interest loans. It also introduced an AI agent to strengthen counselling support.
Finance
Korean stocks see record volatility on Middle East risks; AI race accelerates
South Korean stocks are seeing sharp swings as Middle East geopolitical risks broaden, raising the prospect of a prolonged war and pushing up oil prices and uncertainty in global markets. Extreme intraday moves have repeatedly triggered buying and selling sidecars. Financial groups and banks are reshaping governance ahead of annual meetings and stepping up efforts to expand women’s leadership. The industry is also accelerating AI-driven digital transformation across banking, payments and financial content.
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Finance
KB Kookmin Bank to write off 278.5 billion won in debt for financially vulnerable borrowers
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Finance
Special debt discharge expansion for vulnerable borrowers raises bank burden, moral hazard debate
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Finance
KB Kookmin Bank steps up inclusive finance with debt workouts, counselling and rate cuts