KB Kookmin Bank Contributes 56.2 Billion Won to Sae-Do-Yak Fund, Largest Among Financial Institutions
Supporting Debt Relief for Vulnerable Groups and Small Business Owners
Active Cooperation in the 'Sae-Do-Yak Fund Support Project'
Providing Credit Recovery through Debt Restructuring of Long-term Delinquent Bonds
On December 30, KB Kookmin Bank announced that it will contribute a total of 56.2 billion won to the Sae-Do-Yak Fund to help economically vulnerable groups and small business owners recover from debt-related difficulties.
This 56.2 billion won contribution from KB Kookmin Bank is the largest among all financial institutions participating in the Sae-Do-Yak Fund. The fund plans to use these resources to purchase long-term delinquent bonds and then either write them off or provide debt restructuring to support credit recovery.
This contribution is part of the cooperation for the 'Sae-Do-Yak Fund Support Project,' which was launched in October this year. It aims to ease the burden of debt collection on vulnerable groups and small business owners and to help citizens continue their normal economic activities.
A KB Kookmin Bank official stated, "We hope that this support through the Sae-Do-Yak Fund will enable vulnerable groups and small business owners struggling with debt to regain stability within the formal financial system. We will continue to fulfill our corporate social responsibility through sustainable financial support based on inclusive finance."
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Meanwhile, on December 17, KB Kookmin Bank opened 'KB Hope Financial Centers' in Seoul and Incheon to provide debt restructuring and credit counseling services for vulnerable groups. The bank is also continuing various non-financial support initiatives, such as the 'Mind Care Counseling Service' in partnership with the Korea EAP Association. Through these efforts, the bank supports customers struggling with debt to resolve their financial issues and regain a healthy daily life based on psychological stability.
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