KB Financial Group Continues Veteran Support Activities for Memorial Day

KB Financial Group Volunteers at the National Cemetery with Employees and Families
KB Kookmin Bank Launches 'Veterans Benefit Remittance Check' Service

In commemoration of Memorial Day, KB Financial Group is continuing a variety of veteran support activities, including volunteer work at the National Cemetery and initiatives to help descendants of independence patriots establish a foundation for self-reliance.

KB Kookmin Bank announced on June 5 that, in partnership with the Ministry of Patriots and Veterans Affairs, it will launch the 'KB Veterans Benefit Remittance Check' service on June 8.

This service enables recipients of veterans’ benefits, such as overseas veterans and their families, to receive and use foreign currency remittance checks directly, even without a local bank account. While the Ministry of Patriots and Veterans Affairs plans to switch the payment method for veterans’ benefits to overseas account transfers starting next year, this new service was introduced to reduce inconvenience for recipients who have difficulty opening overseas accounts. To further ease the burden on customers, KB Kookmin Bank will fully waive the issuance fee for remittance checks.

Additionally, KB Kookmin Bank recently held a volunteer event for graveyard maintenance at the Seoul National Cemetery, with participation from employees and their families. Since forming a partnership with the Seoul National Cemetery in 2012, the bank has continued this volunteer work for 15 consecutive years.

KB Capital delivered canes to 816 Korean War veterans in North Gyeongsang Province, North Jeolla Province, South Jeolla Province, and Gwangju Metropolitan City this year as part of the 'Patriotic Cane' support project for Korean War veterans. Each patriotic cane, which comes with an identification tag, includes the veteran’s name, date of birth, and a message of gratitude.

KB Financial Group is also committed to supporting the self-reliance of descendants of independence patriots. The 'Honor Shop' (shops embracing honor) project, promoted in collaboration with the Federation of Korean Industries and the Liberation Association, is designed to help small business owners who are descendants of independence patriots achieve stable livelihoods and sustainable growth. In Season 1 last year, a total of eight businesses were selected. In Season 2 this year, the range of customized support has been expanded to include improvements to store environments, facility remodeling, and business consulting.

In March of this year, the KB Financial Public Interest Foundation signed a business agreement with the Ministry of Justice to provide scholarships to the children of public officials who died or were injured in the line of duty. As of this year, scholarships worth approximately 6.5 billion won have been awarded to more than 3,700 families of fallen or injured police officers and coast guard personnel.

A representative from KB Financial Group stated, "We will continue to promote various veteran support activities to honor the spirit of the independence movement and respect those who have served the nation, leading the way in creating a society where these heroes are truly revered."

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