Gwangju Bank Launches 'Neoki 5·18 Public Interest Account'... Half of Profits Donated

Song Jong-wook, Gwangju Bank President, Becomes First Member

Song Jong-wook, President of Gwangju Bank (center in the photo), became the first subscriber of the 'Soul of May, Remembering That Day' account launched by Gwangju Bank.

[Asia Economy Reporter Kim Hyo-jin] Gwangju Bank announced on the 25th that it has launched the ‘Neoki May, Remembering That Day (Neoki Account)’ to commemorate the 40th anniversary of the May 18 Gwangju Democratization Movement, remember the spirit of May, and practice sharing with the local community.

The newly launched Neoki Account features an old photograph of the former Jeonnam Provincial Office on the passbook cover, and includes images of sites designated as May 18 historical sites such as the intercity bus terminal that was located where Gwangju Bank currently stands, the National May 18 Democratic Cemetery, May 18 Democratic Plaza, and Jeonil Building on the inside pages.

Through this, the bank expects to reflect on the spirit of the May 18 Gwangju Democratization Movement and the meaning of democracy together with local residents, and to promote the historical significance of fading historical sites to a wider audience, thereby encouraging interest in the May 18 Gwangju Democratization Movement.

In particular, this account is a public interest product, and 50% of the profits from sales until the end of April next year will be donated to the May 18 Memorial Foundation on May 18, participating in meaningful sharing activities with the local community.

The Neoki Account, sold as fixed deposits and installment savings, is available for subscription by individual and corporate customers at branches.

Song Jong-wook, president of Gwangju Bank and the first subscriber to the Neoki Account, said, “As the representative bank of Gwangju and Jeonnam, remembering the pain and growth of May 1980, I ask for the interest and support of local residents for the Neoki Account, which allows us to share meaningful memories with the community and donate the shared meaning to a public foundation, practicing love and sharing for the region.”

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