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Telecommunications & Media

Korea\'s three mobile carriers open preorders for Apple\'s first foldable iPhone Duo

South Korea\'s three mobile carriers began taking preorders on Oct. 16 for Apple\'s first foldable smartphone, the iPhone Duo, ahead of its Oct. 23 release. SK Telecom is offering benefits tied to trade-ins, partner cards, and subscriptions, as well as early delivery for first-round customers. KT is promoting its Choice Double plans with subscription bundles and device discounts, plus partner-card benefits and phone-care options. LG Uplus introduced early-return compensation plans and online purchase promotions.

Finance

KB Kookmin Bank launches parking account for B2B payment funds with rates up to 2.2 percent

KB Kookmin Bank has introduced a corporate-only parking account that allows companies to manage payment funds generated in business-to-business transactions for short periods. The KB B2B Preferential Account pays interest even for a one-day deposit. It offers a base rate of 0.1 percent a year and up to 2.1 percentage points in preferential rates, for a maximum of 2.2 percent, applied to average balances of up to 1.5 billion won. It also provides fee waivers under certain conditions.

Finance

KB Financial steps up consumer protection across product and service lifecycle

KB Financial Group is moving to strengthen its financial consumer protection framework across group affiliates and boost the expertise of related organisations. It held its third consumer protection working-level council on Aug. 24, bringing together chief consumer protection officers from 10 affiliates including KB Kookmin Bank, KB Securities and KB Insurance. Participants discussed consumer-focused product and service operations, stronger organisational expertise and refinements to KB Kookmin Bank’s consumer protection quality index.