KB Kookmin Bank to Reduce Up to 90% of Special Loan Principal for Vulnerable Groups

Applications Open from July 13
Streamlined Review Process

KB Kookmin Bank announced on July 12 that it will introduce a special debt reduction program starting July 13 to support the economic recovery of vulnerable groups, including basic livelihood security recipients and low-income households.

The program will reduce up to 90% of the principal on special loans held by socially disadvantaged individuals, easing their debt burden and supporting their rapid credit recovery and return to economic activity.

The beneficiaries include basic livelihood security recipients, low-income households, people with severe disabilities, those with disability ratings, victims of Agent Orange, disaster or wildfire victims, and single-parent families headed by young people.

KB Kookmin Bank has also established customized support policies, such as streamlining the review process, so that customers facing financial hardship can receive assistance more quickly.

Customers seeking debt adjustment can visit any of the six KB Hope Financial Centers nationwide or receive guidance through the bank's customer service center.

A KB Kookmin Bank official said, "We established this debt reduction program to help customers struggling with debt normalize their financial transactions and return to economic activity."

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