Finance
KB Kookmin Bank steps up inclusive finance with debt workouts, counselling and rate cuts
KB Kookmin Bank said on Thursday it is strengthening inclusive finance to help vulnerable groups recover quickly. The bank expanded eligibility for its in-house debt adjustment programme to delinquent borrowers with loans of up to 50 million won and expects more than 4,000 additional customers to benefit. It also set up a dedicated debt workout counselling organisation, launched mobile applications for debt adjustment, opened KB Hope Finance Centers in Seoul and Incheon, and has provided psychological counselling since November. The bank also cut rates on key retail finance products.