KB Kookmin Bank Signs MOU to Expand Financial Welfare for Families with Disabilities
On the 1st, at the Korea Cerebral Palsy Welfare Association located in Yeongdeungpo-gu, Seoul, a business agreement ceremony was held. From left to right, Kim Seongsu, President of KB Life Partners; Lee Yunseok, Executive Director of WM Customer Group at KB Kookmin Bank; Kim Jeongwoo, President of the Korea Cerebral Palsy Welfare Association; and Kim Hyodong, Head of New Business Promotion at KB Life Insurance, are posing for a commemorative photo. Provided by KB Kookmin Bank
View original imageKB Kookmin Bank announced on October 2 that it has signed a multilateral memorandum of understanding (MOU) with the Korea Cerebral Palsy Welfare Association, KB Life Insurance, and KB Life Partners to expand financial choices and improve financial welfare for families with disabilities.
The signing ceremony was held at the Korea Cerebral Palsy Welfare Association in Yeongdeungpo-gu, Seoul, and was attended by Jungwoo Kim, President of the Korea Cerebral Palsy Welfare Association; Hyodong Kim, Head of New Business Promotion at KB Life Insurance; Sungsoo Kim, President of KB Life Partners; and Yunseok Lee, Executive Director of the WM Customer Group at KB Kookmin Bank, among other key officials.
Through this agreement, KB Kookmin Bank plans to enhance the asset management stability of families with disabilities by utilizing trust products such as exclusive trusts for people with disabilities and insurance claim trusts. KB Life Insurance and KB Life Partners, which serves as a comprehensive financial sales channel, will support these families by providing living expense protection and risk coverage through insurance products.
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A representative from KB Kookmin Bank stated, "This agreement marks the first step in helping families with disabilities reduce inconveniences in financial life and plan for a stable future," adding, "We will continue to take the lead in realizing social value and expanding inclusive finance so that more families can live with hope together."
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