Finance
KB Kookmin Bank credit loan debt restructuring picked as top new financial product case
KB Kookmin Bank said on Thursday that the Financial Supervisory Service selected its rate cut for four credit loan debt restructuring products as an outstanding case under the seventh win-win and cooperation new financial product programme. The products aim to help vulnerable groups facing economic hardship such as business closures or temporary cash shortages. The bank cut new rates to 9.5 percent from 13 percent from Sept. 26, and expects about 4,000 people a year to benefit.
