KB Kookmin Bank Partners with SSG.com... 'Sseuk KB Bank' to Launch This Year

Combination of Finance and Shopping
Parking Accounts and Savings Services within SSG Platform

SSG.com will launch 'Sseuk KB Bank,' a financial service package integrating KB Kookmin Bank's offerings, within the year.

On the 5th, at the 'SSG.com-KB Kookmin Bank Business Agreement Ceremony' held at the SSG.com headquarters in Yeongdeungpo-gu, Seoul, Choi Hoonhak, CEO of SSG.com (left), and Lee Hwanjoo, President of KB Kookmin Bank, are taking a commemorative photo. Photo by KB Kookmin Bank.

KB Kookmin Bank announced on June 9 that it had signed a business agreement with SSG.com on June 5 at SSG.com's new headquarters in Yeongdeungpo-gu, Seoul. The event was attended by Choi Hoonhak, CEO of SSG.com, and Lee Hwanjoo, President of KB Kookmin Bank.

This agreement marks the first financial package service combining finance and shopping. It will be provided in the form of a 'bank-in-platform,' offering KB Kookmin Bank's parking accounts and savings products within SSG.com. Both individual customers and partner businesses on SSG.com will be able to directly subscribe to financial products and use necessary banking services within the platform.

KB Kookmin Bank plans to offer parking accounts and shopping-themed savings products to enable SSG.com customers to enjoy convenient and cost-effective shopping. Customers using the parking account will be able to accumulate a portion of their purchase amount as SSG Money when shopping on SSG.com, which will then be automatically transferred to their parking account. The bank also plans to launch savings products designed to help customers save for desired purchases.

Additionally, KB Kookmin Bank intends to provide customized financial services tailored to various shopping needs. For customers purchasing travel products, the bank is considering offering preferential currency exchange rates and free travel insurance benefits. For those buying unlocked phones, additional discounts on 'Liiv Mobile,' KB Kookmin Bank's mobile communication service, are being planned.

Package products for partner businesses on SSG.com will also be introduced. These will include: a parking account for receiving settlement payments with preferential interest rates; a business-exclusive savings product for managing surplus funds; a factoring service for early payment of sales proceeds; non-face-to-face guarantee and credit loans; and free consulting services.

Lee Hwanjoo, President of KB Kookmin Bank, stated, "We will continue to expand a variety of customized services to further enhance financial convenience in our customers' daily lives."

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