Jeonbuk Bank Signs Joint Business Agreement to Promote Foreign Remittances

Joint Marketing by Dogajok Center Association and Do International Cooperation Promotion Institute

Jeonbuk Bank (President Baek Jong-il) announced on the 17th that it signed a "Joint Business Agreement to Promote Foreign Remittances in Jeollabuk-do" with the Jeollabuk-do Family Center Association (Chairman Lee Ji-hoon) and the Jeonbuk International Cooperation Promotion Agency (Director Kim Dae-sik) at the Jeonbuk Bank headquarters.

On the 17th, Jeonbuk Bank (President Baek Jong-il) signed a "Joint Business Agreement for the Activation of Foreign Remittances in Jeollabuk-do" at the Jeonbuk Bank headquarters with the Jeollabuk-do Family Center Association (President Lee Ji-hoon) and the Jeonbuk International Cooperation Promotion Agency (Director Kim Dae-sik).

To commemorate the signing of the joint business agreement, Jeonbuk Bank will hold a fee waiver event for customers using the Cambodia PPCBank real-time remittance service, the first real-time two-way remittance service by a domestic bank.

This event will run until the end of December this year. Customers using real-time outward and inward overseas remittances with Cambodia will receive benefits including waivers of outward remittance fees, telegraphic transfer fees, and inward deposit fees.

The waived remittance fees range from 5,000 to 25,000 KRW, the telegraphic transfer fee is 8,000 KRW, and the deposit fee is 10,000 KRW.

Additionally, translated leaflets related to overseas remittances will be provided for foreigners who are vulnerable to financial services due to language barriers.

The Jeollabuk-do Family Center Association and the Jeonbuk International Cooperation Promotion Agency will provide joint marketing information on their websites.

Lee Ji-hoon, Chairman of the Family Center Association, stated, "We hope this will be an opportunity to resolve inconveniences faced by multicultural families in Jeollabuk-do when using overseas remittance services."

Kim Dae-sik, Director of the Jeonbuk International Cooperation Promotion Agency, said, "We hope to build a successful partnership through continuous mutual cooperation with students and foreigners who come to the Jeonbuk region for international exchange."

Deputy President Oh Hyun-kwon said, "Through this agreement, with the active collaboration of the Jeollabuk-do Family Center Association and the Jeonbuk International Cooperation Promotion Agency, we plan to provide better financial services to foreigners residing in the Jeonbuk area."

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