KB Kookmin Bank Launches 'Non-face-to-face New Specific Money Trust Using Video Calls'
Trusts Go Untact Too: Join Specific Money Trusts via Smartphone
[Asia Economy Reporter Jo Gang-wook] KB Kookmin Bank announced on the 10th that it will be the first in the financial sector to allow non-face-to-face subscription to specific money trusts using video calls starting from the 11th.
Previously, subscription to specific money trusts was only possible at branches, but as part of the Financial Services Commission's regulatory improvements for on-site innovative asset management industries, limited new subscriptions using video calls have been permitted since the 1st of last month.
Accordingly, KB Kookmin Bank established a 'Trust Non-face-to-face Center' to enable non-face-to-face subscription to specific money trusts via video calls. Customers can listen to explanations about the products from specialized consultants within the center and subscribe to trust products. The service hours are from 9:00 AM to 5:30 PM on bank business days.
The trust products available for subscription through the KB Kookmin Bank 'KB Star Banking' app include 28 types of ETF trust products in domestic and international equity and mixed categories such as index, healthcare, game theme, IT industry, and bio sectors. Fees are reduced by 0.2 to 0.3 percentage points compared to face-to-face products.
To commemorate the launch of non-face-to-face new subscriptions for specific money trusts using video calls, KB Kookmin Bank will hold a customer event until the end of July. During this event period, customers who newly subscribe to trust products with 300,000 KRW or more will be entered into a draw to win gift certificates and mobile vouchers worth a total of 17 million KRW for 1,255 winners.
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A KB Kookmin Bank official stated, “We expect that various trust product subscriptions through non-face-to-face channels will be activated in the future, further expanding customers' choices of financial investment products,” and added, “KB Kookmin Bank will lead changes in financial consumption methods going forward.”
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