Savings Bank Sector Launches Website for Low Birth Rate Financial Products

Information on Benefits and Eligibility Requirements

The Korea Federation of Savings Banks announced on the 21st that it launched a website on the 17th to provide information on financial products designed to address the low birth rate crisis.

Oh Hwakyung, Chairman of the Korea Federation of Savings Banks, is delivering a greeting at the joint sale briefing session for all financial sector project financing (PF) sites held at the Korea Federation of Savings Banks in Mapo-gu, Seoul, on January 23. Photo by Yonhap News

The website allows users to easily view financial products related to childbirth and childcare offered by various savings banks. It provides detailed information on the main benefits and eligibility requirements for each product.

Currently, 16 financial products from 16 different savings banks are listed on the website.

The federation expects that, starting with this new website, there will be an increase in the development and promotion of related financial products.

Oh Hwakyung, Chairman of the Korea Federation of Savings Banks, stated, "Going forward, the savings bank industry will strive to address the low birth rate crisis by promoting financial products designed to respond to this issue and by expanding social contribution activities."

Meanwhile, the savings bank sector is participating in a campaign to overcome the low birth rate crisis. Last month, the federation signed a memorandum of understanding with the Presidential Committee on Ageing Society and Population Policy to jointly respond to the low birth rate crisis.

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