KDB Bank Launches Annual 1.35% 'Green New Deal' Deposit... Chairman Lee Dong-geol First Subscriber

Chairman Dong-geol Lee Also Joins
Deposit Product with Up to 1.35% Annual Interest (Non-Face-to-Face Basis)

Photo of the subscription event celebrating the launch of the Green New Deal fixed deposit. (From left) Lee Dong-geol, Chairman of KDB Industrial Bank; Yoon Kwan-seok, Chairman of the National Assembly's Political Affairs Committee; Min Hyung-bae, Member of the National Assembly; Sung Joo-young, Executive Director of KDB Industrial Bank.

[Asia Economy Reporter Park Sun-mi] On the 29th, the Korea Development Bank (KDB) launched a 3 trillion KRW 'Green New Deal Time Deposit' to commemorate its 67th anniversary, allowing the entire nation to indirectly participate in funding the Korean New Deal and green finance, and held a subscription event to celebrate the launch.

KDB Chairman Lee Dong-geol became the 'joint first subscriber' to the Green New Deal Time Deposit. After subscribing to the product, Chairman Lee said at the launch event, "For the past 67 years, KDB has led South Korea's economic development, and now we are pushing for a major transformation to become a policy finance institution leading the Korean New Deal and green finance." He added, "I hope many citizens will join KDB on the journey to find new growth engines for South Korea and that it will also be economically beneficial."

The event was also attended by Yoon Kwan-seok, Chairman of the National Assembly's Political Affairs Committee, and Min Hyung-bae, a member of the National Assembly, who also subscribed to the product in person.

Chairman Yoon said, "The core of the Korean New Deal is the Green New Deal, and it is meaningful that the financial sector, including KDB, has taken the lead in responding to future crises caused by environmental changes." Representative Min also urged, "Just as KDB has faithfully served as the lifeblood of our economy, I hope the financial sector will play a role in gradually expanding interest and active actions toward ESG (Environmental, Social, and Governance) and the Green New Deal, including the launch of the 'Green New Deal Time Deposit'." Bang Si-hyuk, Chairman of the Board of Big Hit Entertainment, also expressed his strong support for the Green New Deal by subscribing to the product.

The 'Green New Deal Time Deposit' is a joint subscription product that offers higher interest rates as the total sales amount increases, providing up to 1.30% interest when subscribed at branches and up to 1.35% through non-face-to-face channels. Anyone nationwide can subscribe with a minimum of 1 million KRW per person. A KDB official stated, "In line with the product's purpose, we plan to carry out ESG social contribution activities linked to the sales amount," and added, "We will also hold events offering various prizes through a lottery for new subscribers to the product."

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