Gwangju Bank's 5·18 Public Interest Account 'Neoki' Surpasses 5,000 Accounts

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Bank (President Song Jong-wook) announced on the 5th that its ‘Neoki Savings and Installment Savings,’ launched last December to commemorate the 40th anniversary of the May 18 Gwangju Democratization Movement, surpassed 5,000 accounts in just over two months since its launch.

The rapid achievement of 5,000 accounts in such a short period is interpreted as the sincerity of Gwangju Bank President Song Jong-wook’s management philosophy, which consistently emphasizes ‘pursuing value beyond profit,’ having taken root in the hearts of local residents and customers.

‘Neoki Savings and Installment Savings’ is a public interest product launched to remember the spirit of May and practice sharing with the local community. It offers preferential interest rates to customers, and upon subscription, the passbook is issued with covers and inner pages featuring five May 18 historical sites: the old Jeonnam Provincial Office, the intercity bus terminal located where Gwangju Bank currently stands, the National May 18 Democratic Cemetery, May 18 Democratic Plaza, and Jeonil Building.

After Gwangju Bank President Song Jong-wook became the first subscriber, Gwangju Mayor Lee Yong-seop and others joined the relay subscription, hoping that the practice of sharing the spirit of May would spread throughout the local community.

In particular, Gwangju Bank plans to donate 50% of the sales proceeds from ‘Neoki Savings and Installment Savings’ by the end of April to the May 18 Memorial Foundation in May, participating in meaningful sharing activities with the local community.

‘Neoki Savings and Installment Savings’ can be subscribed not only by visiting branches but also non-face-to-face through smart banking and mobile web banking, and an additional preferential interest rate event will be held until April 30.

For the 2-year ‘Neoki Savings,’ the maximum interest rate is 1.05% per annum, and for the 2-year ‘Neoki Installment Savings,’ the maximum interest rate is 1.15% per annum.

The additional preferential interest rates are ▲0.5%p per annum for those who answer the May 18 Democratization Movement quiz correctly ▲0.1%p preferential interest rate when subscribing to ‘Neoki Installment Savings’ together with ‘Neoki Savings.’

Gwangju Bank President Song Jong-wook said, “I sincerely thank the customers and local residents who have shown great support for ‘Neoki Savings and Installment Savings,’ which allows us to remember the historic moments of our region and share their meaning together,” adding, “We will strive to develop financial products and provide services that can contribute to the development of the local community, such as ‘Neoki Savings and Installment Savings.’”

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