KB Kookmin Bank is holding a prize event worth a total of 140 million won to mark the launch of its "KB Youth Future Savings" product.

KB Kookmin Bank said on Saturday it will launch the policy finance product on June 22 to support asset building among young people.

"KB Youth Future Savings" is a three-year, flexible-installment savings product open to young people aged 19 to 34 who meet income requirements. Customers can deposit up to 500,000 won per month. It offers government contributions and exemptions from interest income tax. Each person can open only 1 account across all financial institutions.

The interest rate is as high as 8.0 percent, made up of a base annual rate of 5.0 percent plus up to 3.0 percentage points in preferential rates depending on transaction conditions. Preferential rate items include salary transfers, withdrawal records, transaction appreciation, income plus and completion of youth financial counseling.

To mark the launch, KB Kookmin Bank will run the "Apply for the Lucky Draw to celebrate the launch of KB Youth Future Savings" event from June 22 to Aug. 7.

Prizes include 10 million won in cash, a home appliance package, a home office package, a Signiel Seoul hotel stay voucher and a four-leaf clover gold bar. Total prizes are worth 140 million won.

The bank will also run a cashback event for new customers. Customers who, as of May 2026, did not hold a KB Kookmin Bank time deposit or savings account, and who sign up for KB Youth Future Savings and set up an automatic transfer of at least 100,000 won to a KB Kookmin Bank demand deposit account will be entered in a draw. The bank will provide 3,000 people with 30,000 won in savings support money.

A KB Kookmin Bank official said, "We will continue to provide a variety of financial services that can reduce the financial burden on young customers and support practical asset building."