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Finance

KB Kookmin Bank enables QR payments in China without local app, offers 100 percent exchange rate preference

KB Kookmin Bank has launched a service on its KB Star Banking app that lets users make QR payments at merchants in China without installing a local payment app or registering additional personal information. The bank said it introduced an overseas payment service linked to NUCC, marking the first direct connection by a South Korean financial company to China’s national payment network. It also applies a 100 percent exchange rate preference and is running a promotional event through Dec. 21.

Finance

KB Kookmin Bank launches principal-protected index-linked deposits, minimum 3.10 percent guaranteed

KB Kookmin Bank launched index-linked deposits tied to the KOSPI200, offering up to 5.70 percent annual interest. The products provide principal protection if held to maturity, with additional returns depending on the index performance. The bank is taking subscriptions through Oct. 27 via the KB Star Banking app or branches. There are four variants across 1-year and 6-month terms. Early termination may result in a loss of up to 0.2 percent of principal.

Finance

KB Kookmin Bank offers 100 percent FX rate preference to new corporate customers on KB Star FX

KB Kookmin Bank is offering a foreign exchange rate preference event for corporate customers using its non-face-to-face FX trading platform, KB Star FX, for the first time. The bank said on Sept. 28 it will provide a 100 percent exchange rate preference to new individual business owners and corporate customers using the service through Nov. 30. Eligible customers using its instant exchange service will receive the benefit automatically during the event period.