Kang Ho-dong, President of NongHyup Central Association, Joins First Deposit to Promote Rice Consumption

0.5% Preferential Interest Rate for Participating in Eating Breakfast
Maximum Interest Rate of 3.1% Applied

NH Nonghyup Bank announced on the 12th that Kang Ho-dong, Chairman of the Nonghyup Central Association, became the first customer to subscribe to the public interest special deposit product ‘NH Deodeundeun Bapsim Deposit II’ at the Nonghyup Bank headquarters in Jung-gu, Seoul, to commemorate its launch.

Following last year’s ‘NH Deodeundeun Bapsim,’ this product is a public interest deposit designed to help farmers facing difficulties due to unstable rice prices and to support customers’ healthy days through eating breakfast. It will be specially sold until May 31 and can be subscribed to with one account per person. The subscription period is one year, and customers can subscribe with an amount between 100,000 KRW and 30 million KRW.

The basic interest rate is 2.60%, and if customers participate in eating breakfast, they will receive a preferential interest rate of 0.5 percentage points, applying a maximum interest rate of 3.10% (minimum 2.60%). Based on customers’ subscriptions, domestic rice will be accumulated and donated to neighbors in need after the sales period ends.

Chairman Kang stated, “Through the launch of this product, we will contribute to promoting rice consumption and improving public health, while strengthening coexistence with farmers.”

At an event held at the NongHyup Bank headquarters on the 12th, Kang Ho-dong, Chairman of the NongHyup Central Association, is taking a commemorative photo. Photo by NH NongHyup Bank

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