KB Kookmin Bank is joining hands with Samsung Fire & Marine Insurance to support safety management for small and mid-sized companies and sole proprietors. It plans to offer an AI-based safety diagnosis service free of charge and link financial benefits such as preferential loan rates to help strengthen safety management capabilities and reduce management burdens.

KB Kookmin Bank said on May 22 it signed a business agreement with Samsung Fire on May 21 on joint growth for corporate customers and creating a safety management ecosystem.

With fires and fatal accidents continuing at industrial sites, the agreement was arranged to protect corporate customers and build a social safety net as the importance of corporate safety management grows.

Samsung Fire will provide KB Kookmin Bank corporate customers with a safety improvement report free of charge from June, using AI-based tailored assessments. The non-financial service analyses risk factors by company and proposes ways to improve safety management.

KB Kookmin Bank plans to expand financial support in the third quarter for corporate customers that use the safety improvement report, including loan-rate discounts and specialised products.

A Samsung Fire official said, "Based on our risk analysis capabilities, we will support more companies so they can manage with peace of mind and focus on their business activities."

A KB Kookmin Bank official said, "Services that had been provided mainly to large companies can now also be used by small and mid-sized companies and sole proprietors." The official added, "We will continue to expand various services to create a safe industrial ecosystem."