Kookmin Bank "Making Import Payment Funds Affordable and Conveniently via Non-Face-to-Face"
The support target includes corporations and individual business owners using KB Corporate Internet Banking
[Asia Economy Reporter Park Sun-mi] KB Kookmin Bank announced on the 5th that it has expanded the application channels to allow the use of 'KB Global Payment Usance' through internet banking. The service is available to corporations and individual business owners using KB Corporate Internet Banking.
'KB Global Payment Usance' is a product that supports financing such as advance payment from overseas financial institutions with competitive interest rates when domestic import companies pay import goods fees to export companies. Domestic import companies only need to settle the principal and interest at maturity.
Previously, companies used corporate loans or foreign currency loans to procure import payment funds. In contrast, by using 'KB Global Payment Usance,' it is possible to procure foreign currency funds cheaply from overseas financial institutions, allowing import companies to secure import payment funds at a lower cost. This product is the only remittance-type import financing product available exclusively at KB Kookmin Bank in Korea.
Meanwhile, since October, KB Kookmin Bank has signed a special contribution agreement with the Korea Trade Insurance Corporation to support export-import financing, providing various benefits such as ▲operating a special guarantee limit up to twice per customer ▲preferential guarantee rates ▲support for customer-paid guarantee fees ▲discounts on insurance premiums for import insurance (global supply chain) products. 'KB Global Payment Usance' can also utilize this system.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051414165763158_1778735817.jpg)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "If That's the Case, Why Not Just Buy Stocks?" ETFs in Name Only, Now 'Semiconductor-Heavy' and a Playground for Short-Term Traders
- [Breaking] Two Days Before Strike... Central Labor Relations Commission Chair Park Soogeun Says "Differences Narrowing... Possibility of Agreement"
- President Lee Presents Andong Hahoe Mask and Moon Jar Porcelain to Prime Minister Takaichi During Andong Visit
- "No Cure Available, Spread Accelerates... Already 105 Dead, American Infected"
A KB Kookmin Bank official stated, “In the era of non-face-to-face services, we have expanded non-face-to-face application channels to enhance convenience for corporate customers,” and added, “KB Kookmin Bank will continue to strive to reduce costs and strengthen the competitiveness of export-import companies facing difficulties due to COVID-19.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
