Jeonbuk Bank, JB Card 2020 Second Half Event Implementation

[Asia Economy Honam Reporting Headquarters Reporter Kim Tae-in] JB Financial Group Jeonbuk Bank (President Im Yong-taek) announced on the 3rd that it will implement the ‘JB Card 2020 Second Half Event.’

This second half event, which will run for six months until December 31, was prepared to revitalize the consumption market, which has been depressed due to COVID-19, and to reduce the burden of tax payments.

First, when purchasing a car with a JB Card, for approvals of 5 million KRW or more, if paid in advance, a cashback of 1.0% to a maximum of 1.5% of the payment amount will be credited to the cardholder’s payment account on the 20th of the following month; for lump-sum payments, cashback of 0.8% to a maximum of 1.3% will be given.

Also, from this month until the end of the year, the individual consumption tax on car purchases is temporarily reduced by 30%, and overlapping application with other partnership benefits and events is not allowed.

Furthermore, JB Card is implementing a national tax card payment agency fee refund event to alleviate household economic burdens caused by COVID-19. For tax payments of 50,000 KRW or more per case, including national tax, local tax, customs duties, four major insurances, police fines, prosecution fines, and court stamp fees, a 2-3 month interest-free installment benefit will be provided until the end of this year.

A representative from Jeonbuk Bank’s Card Business Department said, “This event was prepared to revitalize the consumption market and provide benefits to customers who are with JB, and we plan to express our gratitude through more diverse events in the future.”

This content was produced with the assistance of AI translation services.