KB Kookmin Bank Launches 'KB Net Zero Star Financial Product Package'

Joining Climate Crisis Response... Donations for Sea/School/Classroom Forest Creation Projects

[Asia Economy Reporter Yu Je-hoon] KB Kookmin Bank announced on the 22nd that it will launch the 'KB Net Zero Star Financial Product Package' to participate in responding to the climate crisis in celebration of Earth Day.

This package is an eco-friendly package following the KB Clear Sky·Clear Sea financial products and KB Green Wave 1.5-degree financial products, consisting of two types of ETFs and six types of funds related to public trusts and carbon neutrality. Donations collected through product subscriptions will be used for carbon-neutral eco-friendly projects.

The KB Net Zero Star Public Trust is a product where 10% of the fees paid by customers when subscribing to trust products are donated in the customer's name, and the bank donates the same amount. Up to 200 million KRW in donations will be used for creating sea forests by transplanting seaweed forests, which have excellent carbon absorption effects such as Zalpi, at a depth of 5 meters underwater.

For the KB Net Zero Star ETFs and KB Net Zero Star Funds, the bank donates 10,000 KRW per unit for new subscriptions, up to a maximum of 100 million KRW per product. Donations from the KB Net Zero Star ETFs are used for creating school forests utilizing idle spaces within elementary schools, while donations from the KB Net Zero Star Funds are used for creating classroom forests by supporting air-purifying plants inside elementary school classrooms.

A KB Kookmin Bank official stated, “The KB Net Zero Star Financial Product Package is part of customer-participatory eco-friendly activities supporting the transition to a low-carbon society,” and added, “We will continue to lead efforts to reduce carbon emissions and respond to climate change through various activities.”

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