KB National Bank to Reduce Up to 90% of Principal for Creditors Including Basic Livelihood Recipients

KB National Bank announced on the 12th that it will implement an inclusive financial policy starting April 13th, offering up to 90% principal reduction for debts held by socially vulnerable groups such as basic livelihood recipients, disabled individuals, disaster victims, and fire-affected residents. Customers seeking debt restructuring can visit six KB Hope Financial Centers nationwide or contact the bank's customer center. A KB Financial Group spokesperson emphasized ongoing efforts to fulfill financial social responsibility through inclusive practices. The group plans to proactively burn 450 billion won in delinquent debts this year to alleviate burdens on financially vulnerable groups.