Finance
KB Kookmin Bank to cut interest burden for Saehuimang Holssi borrowers
KB Kookmin Bank will support principal repayments for customers who switched existing KB Kookmin Bank unsecured loans to Saehuimang Holssi II, as it seeks to reduce financing costs for vulnerable borrowers. The bank said on June 28 it will run the Saehuimang Holssi II financing cost support programme through year-end. Eligible customers who have paid interest faithfully can apply through branches. The bank will support interest burdens above a 7 percent loan rate.
