Credit Cooperative Launches 'Dokdo Love Savings Account' Offering up to 7% Annual Interest

1% of Contract Amount Donated to Dokdo Protection Activities

Free Admission to Four Major Joseon Palaces for One Year

The National Federation of Credit Cooperatives announced on July 27 that it held a launch event for the 'Dokdo Love Savings Account' at Gyeongbuk Ocheon Credit Cooperative in Pohang, North Gyeongsang Province.

This event was organized to promote the launch of the Dokdo Love Savings Account and to raise public awareness and participation in efforts to protect Dokdo.

The event was attended by Sanghui Lee, Member of the National Assembly (Pohang, People's Power Party), Yongseon Park, Mayor of Pohang, Hankwon Nam, Ulleung County Governor, and Cheolsoo Kim, Chairman of Pohang City Council. They became the first to fourth subscribers to the new account.

This savings account is a social contribution financial product that allows customers to support activities to protect Dokdo simply by subscribing, without any separate donation process. Upon account maturity and closure, the Credit Cooperative Social Contribution Foundation will donate 1% of the contract amount to support Dokdo protection activities, with a total donation cap of 500 million won.

The product offers a maximum annual interest rate of 7% and will be available at credit cooperative branches nationwide from today until November 30. Non-face-to-face subscription (via Individual OnBank and Leon Branch) will be available starting August 5.

For one year from the account opening date, subscribers will receive the same benefits as 'Boram Members' of the National Trust for Cultural Heritage (an agency under the National Heritage Administration), including free admission to the four major Joseon palaces (Gyeongbokgung, Changdeokgung, Changgyeonggung, and Deoksugung), free entry to royal tombs such as Jongmyo and Donggureung, and free entry or discounts at protected properties managed by the National Trust for Cultural Heritage.

Youngcheol Ko, Chairman of the National Federation of Credit Cooperatives, stated, "Since Pohang City and the National Assembly have joined forces to protect Dokdo, we will actively support this savings account so that it can become a channel for ordinary citizens to contribute to society."

The National Credit Union Federation of Korea announced on the 27th that it has launched the 'DokdoAesarang Savings Account' and held a commemorative event at the Gyeongbuk Ocheon Credit Union. Participants are taking a commemorative photo at the event. From the third person from the left in the photo are Cheolsu Kim, Chairman of Pohang City Council; Sanghui Lee, Member of the National Assembly; Youngchol Ko, Chairman of the National Credit Union Federation of Korea; Yongseon Park, Mayor of Pohang; and Hankwon Nam, County Head of Ulleung County. Provided by the National Credit Union Federation of Korea

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