Song Jong-wook, President of Gwangju Bank, First to Subscribe to 'KIA Tigers Championship Support Savings and Deposit'

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Gwangju Bank announced that it has launched the ‘KIA Tigers Victory Wish Savings and Deposit’ in line with the opening of this year’s professional baseball season and will sell it until July 31. Song Jong-wook, President of Gwangju Bank, was the first to subscribe and wished for the victory and championship of the KIA Tigers.

Gwangju Bank sells the ‘KIA Tigers Victory Wish Savings and Deposit’ every year during the professional baseball season to wish for the KIA Tigers’ championship. In 2020, 10,583 accounts of the ‘KIA Tigers Victory Wish Deposit’ worth 202.1 billion KRW and 13,203 accounts of the ‘KIA Tigers Victory Wish Savings’ worth 37.1 billion KRW were sold. The product received enthusiastic attention from baseball fans, breaking 10,000 accounts within two months of launch and increasing sales after the 200 billion KRW sales limit was reached within three months.

In 2021, despite the somewhat poor performance of the KIA Tigers, 3,795 accounts of the ‘KIA Tigers Victory Wish Deposit’ worth 94.7 billion KRW and 8,019 accounts of the ‘KIA Tigers Victory Wish Savings’ worth 17.8 billion KRW were sold.

Especially this year, to make up for last year’s poor performance and regain former glory, the team strengthened its lineup by acquiring star players. With fans’ high expectations for advancing to the postseason, a huge success of the KIA Tigers Victory Wish Savings and Deposit is anticipated.

Amid the prolonged COVID-19 pandemic, the professional baseball season arriving with spring is hoped to bring new hope and challenges to the tired local residents. The launched ‘KIA Tigers Victory Wish Savings and Deposit’ offers various preferential interest rates depending on the KIA Tigers’ professional baseball performance and also runs promotional events.

The ‘KIA Tigers Victory Wish Deposit’ allows one account per person with a subscription amount from 5 million KRW up to 100 million KRW. It offers preferential interest rates up to 0.25%p added according to the KIA Tigers’ performance, providing a maximum annual interest rate benefit of 2.15%.

The conditions for preferential interest rates are ▲0.05%p if the KIA Tigers advance to the postseason ▲0.1%p if they win the regular season ▲0.1%p if they win the Korean Series.

The ‘KIA Tigers Victory Wish Savings’ is a fixed installment savings product with monthly subscriptions from 100,000 KRW up to 1 million KRW. It offers the same preferential interest rate conditions as the deposit (up to 0.25%p) and additionally provides event preferential interest rates up to 1.0%p to add excitement to cheering, offering a maximum annual interest rate of 3.05%.

The event preferential interest rate conditions are ▲0.1%p for customers who re-subscribe to the 2021 season KIA Tigers Victory Wish Savings ▲0.1%p for agreeing to product service guidance ▲up to 0.5%p depending on the KIA Tigers’ longest winning streak in the regular season ▲0.1%p if the KIA Tigers achieve 130 or more team home runs in the regular season ▲0.1%p if the KIA Tigers achieve 35 or more team saves in the regular season ▲0.1%p if the KIA Tigers achieve a team batting average of 0.280 or higher in the regular season.

Additionally, Gwangju Bank will hold abundant events to celebrate the successful opening of the 2022 professional baseball season and to wish for the KIA Tigers’ championship.

Until July 31, customers who re-subscribe after maturity of the 2021 season KIA Tigers Victory Wish Savings and Deposit and those who subscribe to both the 2022 season KIA Tigers Victory Wish Deposit and Savings will be entered into a draw to receive BBQ chicken sets and Starbucks coffee coupons.

President Song of Gwangju Bank said, “We are grateful for the warm support that allows the ‘KIA Tigers Victory Wish Savings and Deposit’ to be loved by many customers and local residents every season. During these difficult times due to COVID-19, we will continue to introduce various products and events that share and empathize with our local stories, and as the representative bank of Gwangju and Jeonnam, we will take the lead in providing financial support that can empower local residents.”

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