Search results for basic livelihood recipients
Finance
KB Kookmin Bank raises key deposit and savings rates by up to 0.3 percentage point
KB Kookmin Bank will raise interest rates on major deposit and savings products by up to 0.3 percentage point, reflecting the Bank of Korea’s base rate increase and rising market rates. Fixed deposit rates will rise by 0.2 to 0.3 percentage point from July 22, while fixed savings rates will increase from July 24. The one-year KB Star time deposit rate rises to 3.2 percent, and the general time deposit to 2.5 percent.
Finance
KB Kookmin Bank to cut special loan principal by up to 90 percent for vulnerable groups
KB Kookmin Bank will introduce a special debt relief programme to ease the debt burden of socially disadvantaged borrowers, including basic livelihood recipients and near-poor households. Starting July 13, the bank will reduce the principal of special claims by up to 90 percent to support credit recovery and a return to economic activity. Eligible groups include people with severe disabilities and others. The bank also simplified screening procedures.
Finance
K Bank to start applications for high oil price relief payments on April 27
K Bank said it will accept first-round applications for the government’s high oil price relief payments in its app starting April 27. The support policy is aimed at easing household burdens stemming from rising international oil prices and higher living costs. Payments will range from 100,000 won to a maximum of 600,000 won per person depending on income level and area of residence. Applications will be expanded to the bottom 70 percent of income earners from May 18.
