Selected 3 Excellent Cases of 'Win-Win Cooperation New Financial Products' Including Preferential Products for Youth and Vulnerable Groups

Support for Socially Vulnerable Groups and Livelihood Stability
Selected Products from Shinhan Bank, Kyobo Life, and Shinhan Life

Yeouido Financial Supervisory Service building in Seoul. Photo by Younghan Heo younghan@

On the 17th, the Financial Supervisory Service (FSS) announced the selection of three preferential products for youth and vulnerable groups as excellent cases of 'Win-Win Financial New Products.'

In this contest, the FSS selected financial products that contribute to solving social issues such as low birth rates, support retirement preparation for the general youth population, or help economically independent youth achieve financial independence. These products were recognized as excellent cases for their role in sharing burdens or benefits, thereby aiding socially vulnerable groups and stabilizing livelihoods.

Shinhan Bank was selected for its 'Family Win-Win Savings' product, which offers up to a 9% preferential interest rate annually during the subscription period for marriage, pregnancy, childbirth, multi-child families, or basic pension recipients. The FSS explained, "This is a profit-sharing financial product that provides additional interest benefits to households and the elderly, offering opportunities for asset formation."

Kyobo Life Insurance was recognized for its savings insurance that provides a fixed interest rate of 5% annually for five years to youth preparing for independence, along with an independence support bonus of up to 5% added to the accumulated amount. Shinhan Life Insurance was also selected for its pension insurance that offers a win-win bonus of up to 30% added to the accumulated amount for youth who meet conditions such as marriage or childbirth.

Additionally, four companies?Shinhan Bank, Woori Bank, Hana Bank, and Naver Financial?were selected as 'Excellent Institutions for Promoting Win-Win Cooperation.' FSS Governor Lee Bok-hyun expressed gratitude to financial company officials for their efforts in developing various products to support socially vulnerable groups and stabilize livelihoods despite the prolonged high-interest-rate environment and difficult economic conditions. He urged, "Do not be satisfied with just receiving the award; please make efforts such as managing supply performance so that more financial consumers can benefit."

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