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Finance

KB Kookmin Bank raises key deposit and savings rates by up to 0.3 percentage point

KB Kookmin Bank will raise interest rates on major deposit and savings products by up to 0.3 percentage point, reflecting the Bank of Korea’s base rate increase and rising market rates. Fixed deposit rates will rise by 0.2 to 0.3 percentage point from July 22, while fixed savings rates will increase from July 24. The one-year KB Star time deposit rate rises to 3.2 percent, and the general time deposit to 2.5 percent.

Finance

KB Kookmin Bank to work with Gangbuk Samsung Hospital on senior wealth, health management

KB Kookmin Bank will work with Gangbuk Samsung Hospital to link financial and medical services to support senior customers’ wealth and health management. The bank said it signed a memorandum of understanding on July 16 in Seoul to promote senior health and spread a donation culture. The two sides plan to expand cooperation on customised donor asset management and recognition programmes, boosting legacy donations and operating senior health promotion programmes.

Finance

KB Financial opens Jeonbuk KB Financial Town to activate asset management hub

KB Financial Group has opened an asset management-focused financial hub in Jeonbuk Innovation City. The group plans to strengthen asset management work linked to the National Pension Service and to provide comprehensive financial services and startup support for local residents and companies. Major affiliates including KB Kookmin Bank, KB Securities, KB Insurance and KB Asset Management will move in. About 350 group employees are expected to be based there.